TNT to invest in Asia-Europe network

TNT announced it will invest €100 million over the next fi ve years as it seeks to tap the robust trade volumes between Asia and Europe. TNT COO James McCormac said the investment is aimed to "strengthen its network coverage, connectivity and infrastructure" as a result of "soaring demand for freight express services between Southeast […]


TNT announced it will invest €100 million over the next fi ve years as it seeks to tap the robust trade volumes between Asia and Europe. TNT COO James McCormac said the investment is aimed to "strengthen its network coverage, connectivity and infrastructure" as a result of "soaring demand for freight express services between Southeast Asia, China and Europe."

Th is demand is mainly driven by customers in the high-tech, equipment and machinery and healthcare sectors that are increasingly moving large volumes of high-value goods between Southeast Asia, China and Europe. McCormac said the "strategic objective is to build a leadership position in domestic, intra-regional and selected intercontinental express flows in the emerging Asian region" using Singapore as its Southeast Asia air hub.

McCormac was speaking in Singapore last month to mark the occasion of TNT’s first scheduled flight to Singapore Changi Airport ¨C and the first in TNT livery for Asia as a whole ¨C where it became the 10th all-cargo airline to serve the airport.

Commenting on the inaugural landing of TNT’s Boeing 747-400 ER Freighter in Singapore, McCormac said: "As the market leader in Europe, and with the strongest domestic road network in China that remains unrivalled, TNT is well-placed to off er truly differentiating solutions for customers."