Copyright 2004, Traffic World, Inc.
With the three other global express giants already providing flights and service in China, TNT Express staked its claim to a piece of the market by opening an office in Shanghai. Peter Bakker, CEO of TNT's parent company, TPG, said China is potentially a key driver for TPG's future global growth. In contrast to competitors, TNT's progress has been on the ground. FedEx and UPS have rapidly ramped up their own flights into China, while DHL plunged in through a stake in China operator Sinotrans, a growing Asia express hub in Hong Kong, and agreements with regional carriers for dedicated lift. TNT isn't talking about adding aircraft but TPG, pointing to "huge opportunities" in direct mail, says it plans to invest $240 million in coming years in China.
Airport workers may be behind the making of an explosive device found in the cargo bay of a passenger jet in Sydney, Australia. Baggage handlers found the bomb Sept. 23, in the belly of a Virgin Blue 737. According to local news reports, police were called only after the plane had departed. Police said the device had been wrapped in a cardboard tube.