TNT Express Philippines is looking at a 17% volume growth this year anchored on strong recovery of the country’s semi-conductors and electronics industries.
In the first two months of the year, the company posted a 200% growth in its Economy Express service primarily due to the more than 50% increase in shipments of electronic products in January 2010 and the 80% increase in its clinical trials and pharmaceutical services.
TNT also registered a 50% hike in Freight service volume and a 100% jump in its Courier service for the same period.
In a recent roundtable discussion, TNT Express country manager Cetin Yalcin said that even last year, TNT performed well despite the global economic downturn.
“The year 2010 is very promising compared to last year and we are expecting very good business,” Yalcin said.
“Last year, we posted a more than 30% growth in our import shipments despite the import sector’s negative posting of 26.8% and also met our objective of expanding our freight services with more than 16% increase in total shipments,” he said.
“Our dream for 2010 really is to grow more than 20% and the 17% is our conservative forecast and these targets could be easily met considering that we are doubling the market growth.”
This year, TNT is expecting better volume from its emerging clinical trial business, pharmaceutical shipments, handicrafts and automotive imports.
TNT forecasts most shipments will come from/go to China, India, Singapore and Hong Kong, Germany, the United Kingdom and Italy, as most companies shy away from traditional big-time markets such as the United States, Japan and South Korea.
TNT is allotting P20 million this year to finance the installation of two warehouses. A 1,000-square meter warehouse in South Luzon is expected to go online in June to service high-value goods from the Cavite, Laguna, Batangas, Rizal and Quezon economic corridor. A similar warehouse in Cebu to be opened in September or October will handle handicraft and furniture makers in the area.
Last year, TNT Philippines handled about 2 million kilograms of cargoes, with freight consignments increasing 16%.
TNT also saw an increase in revenues attributed to its Clinical Express Service with more than 80% growth compared to previous years, as well as the re-emerging high-tech sector’s 25% overall contribution.
