TNT to invest Dh570m to boost service
TNT Express plans to invest Dh570 million (USD 155.18 million) in the next five years to boost its services and revenues in the Asia and Middle East region.
As a first step the company has launched a range of freight services for time-sensitive heavy shipments in Asia. Three modified services – Express Freight, Economy Freight and Freight Plus – will offer customers a door-to-door delivery service based on specified transit times schedules, fast tracked customs clearance and full track and trace visibility.
The move is part of the company’s investment strategy aimed at placing it in a leading position in the region. The launch is also the first in a series of initiatives to further expand TNT’s network capabilities in Asia, leveraging on the seamless connectivity offered by its extensive road and air networks. These networks provide customers with the widest range of multimodal freight services between Southeast Asia and Europe, China and Europe and within Southeast Asia.
Based on studies undertaken of regional market needs, TNT expects the take-up rate of these services to be high. The demand for its freight services is mainly driven by customers in the high-tech, equipment and machinery and healthcare sectors that are increasingly moving large volumes of high-value goods between Southeast Asia, China and Europe.
Read More
