The expanded S$20 million facility, capable of handling over 300 tonnes of cargo per day, is a key component of the express logistics company's pan-Asian road network and is Singapore's first integrated air and road hub. In late 2005 TNT hit upon the idea of developing a road network connecting China with Southeast Asia, creating what was essentially a small scale version of their extensive European road network. Named the Asia Road Network (ARN), the basic pan-Asian land network linking China … [Read more...] about TNT opens expanded Regional Hub in Singapore
Peter Bakker
TNT
TNT reported a 32.3 per cent drop in third-quarter net profit to €113 million (US$142.5 million), with its Express unit's EBIT declining 23.8 per cent to €99 million. Overall revenue grew just 1.5 per cent to €2.69 billion while Express revenue rose 2.3 per cent to €1.66 billion. The Dutch delivery giant revised its revenue outlook for full-year 2008 downward to "midsingle- digit" growth. CEO Peter Bakker said TNT's European Express business significantly worsened in … [Read more...] about TNT
