TNT terminates Sinotrans JV
Netherlands-based logistics and courier firm TNT Holdings BV has recently terminated its joint venture with Sinotrans Ltd, China’s largest freight forwarder, a TNT China official surnamed Yang said. He said TNT will form a new China-based joint venture with Mach++ Express Worldwide Ltd. Yang declined to provide further information about TNT Skypak-Sinotrans Ltd, TNT’s 15-year 50:50 joint venture with Sinotrans. Sinotrans officials were not immediately available for comment.
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