CARGO BUSINESS
Busy Attacking All of Asia

Several air cargo transport giants are investing heavily in Asia. There is concern this will extend the current recession.

May 5, 2009

THE loud clamor of a Barongsai lion dance reverberated around the cargo complex at Changi Airport, Singapore, on Wednesday three weeks ago. Then long blasts on the siren brought an end to the official consecration of this new TNT Regional Hub, worth US$20 million. This investment of around Rp210 billion is by no means a small amount in a crisis period such as the current one. However, TNT CEO Peter Bakker is convinced that this investment is an e

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