The Czech unit of express delivery services provider TNT Express raised sales by 34 percent to EUR25m, or some Kc720m last year, CEO Petr Chvatal told a press conference today. The plan for this year hovers around Kc900m. The company wants to exceed the Kc1bn level in the near future, he added. TNT, which delivered the first consignment in the Czech Republic 14 years ago, employs 300 people and operates 150 cars at present.
Read MoreTNT today unveiled one of Asia’s most sophisticated medical logistics facilities in Shanghai, China. Constructed at a cost of 1 million Euro, the state-of-the-art facility in the WaiGaoQiao Free Trade Zone is TNT’s first dedicated Life Science National Distribution Centre (NDC) and will complement its Regional Life Science Distribution Centre (RDC) in Singapore. TNT’s China NDC was set up in response to the needs of the industry for bespoke services to cater to the world’s fastest growing healthcare market.
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Read MoreTNT Express today announced that it will hire an additional 80 pilots during 2006, following the recruitment of an initial 20 in January, to fly new aircraft scheduled to enter service over the coming 16 months. The pilots will join TNT Airways’ existing Liège-based aircrew of 284 to operate the additional two BAe 146, two B747-400 ERF and five B737 SF aircraft that are set to join the company’s airfleet by May 2007.
Read MoreGlobal express and courier major TNT has pledged investment of Euro 100 million in India in the next five years. Blue Dart Express, in which DHL took a 68% stake in 2004, will induct two of the latest generation 757 aircraft into the Indian market in June taking its fleet size to 7. First Flight Couriers will also ramp up its fleet in June as part of a Rs 50 cr infusion. Even Anil Ambani controlled Reliance Capital recently acquired a 44% stake in the Rs 150 cr DTDC.
With such large investments in the pipeline, the Rs 4,000 cr express and courier industry is vociferous in its protest against a government move to yet again table the Indian Postal Act Amendment Bill which will allow the department of posts the authority to regulate the industry and also to reserve the business in the below 500 gms category for India Post only.
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