Tag: TNT

Taiwan Express, Cargo: Upbeat Forecast

Posted by | May 19, 2002 | |

Major air cargo and express multinationals in Taiwan have given upbeat forecasts for their businesses this year. Firms with operations in Taiwan including DHL Corp. (X.DHL), Federal Express Corp., United Parcel Service Inc. (UPS) and TNT Global Express, Logistics & Mail said in the first quarter on average their business grew 30%. They added business is expected to grow 25% in the second quarter and rise between 35%-40% in the third and fourth quarters. The firms said the reason for the upbeat outlook stems from a warmer economic relationship across the Taiwan Strait as Taiwan firms send orders to their China plants for production.

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TNT Hungary Reports Higher Sales

Posted by | May 15, 2002 | |

TNT Hungary, the Hungarian unit of Dutch delivery firm TNT Post Group, said on Wednesday sales grew six percent in 2001 to 4.4 billion forints ($16.28 million) and that it ended the year in profit, but did not provide details. The company also declined to provide data on delivered tonnage, but said it had boosted both land and air transport mainly due to expansion of its network.TNT Hungary, the Hungarian unit of Dutch delivery firm TNT Post Group, said on Wednesday sales grew six percent in 2001 to 4.4 billion forints ($16.28 million) and that it ended the year in profit, but did not provide details. The company also declined to provide data on delivered tonnage, but said it had boosted both land and air transport mainly due to expansion of its network.

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TNT Logistics North America and BMW Expand Partnership Into Lead Logistics Provider Agreement

Posted by | May 14, 2002 | |

TNT Logistics North America, one of the nation’s leading providers of value-added logistics, announced today that it has been awarded a multiyear, multimillion dollar contract to manage BMW Manufacturing Corp.’s inbound supply chain in Greer, S.C. The announcement continues a successful partnership that has existed since 1993 when BMW built its first production facility in the United States.

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China Express Dispute to be Resolved on Wednesday

Posted by | May 14, 2002 | |

A regulatory dispute between international express delivery companies and China’s postal monopoly is expected to be resolved Wednesday, the Business Weekly reports, citing an unnamed source at the China International Freight Forwarders Association. Foreign and domestic express delivery companies have been negotiating with China Post over new regulations that require them to stop handling letters and packages weighing less than 500 grams, and register with the government body to continue their other businesses. Those rules are widely seen as an attempt to shield China Post’s own express delivery business, EMS, from competition by the likes of FedEx Corp. (FDX), United Parcel Service Inc. (UPS), DHL Corp. (X.DHL) and TPG N.V. (TP), which now operate in China through local partners.

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Minister orders Consignia to scrap foreign expansion

Posted by | May 8, 2002 | |

THE GOVERNMENT has ordered Consignia to abandon its attempts at further overseas expansion after the failure of its merger talks with the Dutch postal giant TPG, it emerged yesterday.
Douglas Alexander, the Industry minister with responsibility for Consignia, told MPs that the state-owned company’s priority in future would be to concentrate on its loss-making domestic operations with the aim of returning them to profitability.

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