Tag: TNT

TNT services in Vietnam to benefit Malaysian firms

Posted by | Jul 25, 2007 | |

Malasyan businesses that have significant trade with Vietnam will benefit from TNT’s new domestic express services and solutions.

In a statement today, TNT Malaysia and Brunei managing director Gerry Power said the company would invest more than RM 33 million ( USD 9.53 million) over the next four years for this initiative.

“The domestic expansion of TNT’s services and offerings presents Malaysian businesses with additional opportunities for growth in Vietnam.

“With TNT’s enhanced network, Malaysian businesses can enjoy greater reach within Vietnam while availing themselves to an efficient, reliable means of shipping their products seamlessly, from door to door,” he said.

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TNT plans new Penang-Singapore service

Posted by | Jul 23, 2007 | |

TNT Express Worldwide plans to launch a new direct, next-day delivery service between Penang and Singapore on the Asia Road Network in the next few months.

Asia Road Network is TNT’s door-to-door delivery service, which uses an integrated road network linking Kuala Lumpur to Singapore and Bangkok and more recently, Vietnam.

The new service is expected to offer customers up to 40 per cent cost-savings compared to air freight and a 30 per cent reduction in transit time compared to the earlier schedule.

TNT is targeting high technology manufacturing companies in Penang as its would-be customers.

TNT Malaysia managing director Gerry Power said he expects the new Penang-Singapore direct service to contribute a further 30 per cent growth in volumes to the Asia Road Network. He was speaking at the launching ceremony of the company’s new Kuala Lumpur International Airport (KLIA) facility.

The new 14,500 sq ft facility is three times the size of its previous facility in KLIA and is equipped with the latest technology in supply chain management.

Meanwhile, Gerry also said that TNT has plans to extend the Asia Road Network to China as early as December 2007.

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DHL wishes to further partnership with Vietnam Post and Telecommunications Corporation

Posted by | Jul 20, 2007 | |

DHL Vietnam has shrugged off the idea of setting up a totally foreign-owned firm in favor of expanding cooperation with the Vietnam Post and Telecommunications Corporation (VNPT).

VNPT started acting as agents for DHL in 1988 with the first bilateral deal inked in Ho Chi Minh City. The Germany-based company got permission to set up a joint venture with a 51 percent stake with the largest telecommunications group in Vietnam in January 2007 in order to meet ever-growing market demands.

Vietnam has allowed a foreign company to hold a 51 pct stake in an express delivery joint venture as part of its entry into the World Trade Organization (WTO). However, wholly foreign-owned express companies have to wait until 2012 to go into operation.

VNPT is quite a familiar service provider to the Vietnamese with a wide agent network covering 52 cities and provinces across Vietnam.

Baxter said his company with a market share of 40 percent in Vietnam is consistently experiencing double digit growth exceeding 20 percent in Vietnam as the manufacturing sector continues to grow, and Vietnam realizes its export potential.

DHL has already kicked off a 14 million USD project to build two major service centers in southern Dong Nai province and Hanoi and to purchase a new fleet of vehicles. The move is expected to help DHL rival around 20 other foreign market players including TNT, Fedex, UPS and JNE.

TNT of Australia has just brought to service the trans-Asia road network (ARN) in Vietnam after adding 6 more million EUR to its project kicked off in 2005. After the first phase with total budget of 2 million EUR, the ARN project created a road linking Singapore, Malaysia and Thailand.

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TNT 'confident' ahead of crucial union meetings in September over job cuts plan

Posted by | Jul 18, 2007 | |

TNT NV is still confident of constructive talks with unions amid the threat of strikes, if union members reject an in-principle agreement over the Dutch postal company’s plans to cut up to 7,000 jobs ahead of pending market liberalization measures.

Trade unions CNV Publieke Zaak and FNV Abvakabo will consult with members in September about TNT’s restructuring plans and its proposals to limit the job cuts to 7,000 by combining them with changes to workplace conditions.

TNT reached an agreement with unions in June on a plan that will run until January 2011; it includes measures to minimise redundancies to about 7,000 instead of 11,000, including steps to assist workers in finding new jobs.

An external review of the reorganisation by Boston Consulting Group concluded TNT’s cost-cutting measures were necessary. Following the review, the unions said they would negotiate with TNT on programmes to aid employees in changing jobs.

But CNV official Inge Bakker said she fears CNV union members will reject TNT’s proposals, adding she expects FNV members to do the same.

This presents the possibility that postal workers will call for a 24 or 48-hour strike, the first strike at the Dutch postal company since 1983.

An FNV spokesman said he also expects problems in September and is demanding TNT adequately ensure redundant workers are educated, retrained and assisted into new jobs. He believes talks could continue until November or December.

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Postal bill not to deliver FDI cut to couriers

Posted by | Jul 17, 2007 | |

Much to the relief of multinational courier giants interested in India, the controversial plan to restrict foreign direct investment (FDI) in courier services has been quietly put on the backburner. Following change of guard at the telecom ministry, the draft Indian Post Office (Amendment) Bill of 2006 –– which contained provisions to curtail FDI in courier and express cargo services to 49 pct –– has gone into cold storage, according to senior government officials.

The move comes as a shot in the arm for major players like Federal Express, TNT and DHL Express with substantial interest in India. Other foreign investors in the sector include UPS which runs a joint venture with Jetair and Temasek which recently picked up stake in First Flight.

FDI in courier services now stands at 100 pct and companies engaged in the business were apprehensive of the postal department’s proposal. The draft bill was posted for comments when Mr Dayanidhi Maran was communications & IT minister. After Mr Raja took over the portfolio recently following a rift within DMK’s first family, not much has been heard about the bill. Officials say that current indications are that FDI ceiling for the sector would not be rolled back.

The feeling within the government is that it is not desirable to disturb a sector which has been attracting FDI in a big way. DHL recently took over Blue Dart which Fedex bought Prakash Air Frieght. Marking the first private equity (PE) investment in the sector, Temasek recently picked up stake in First Flight while TNT bought Speedage.

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