Peter Bakker, CEO of Dutch postal and logistics Group TPG N.V., listens to a question during a news .....
Peter Bakker, CEO of Dutch postal and logistics Group TPG N.V., listens to a question during a news conference in Shanghai September 10, 2004. TPG expects a 20 percent jump in China sales to over 300 million euros ($367 million) in 2004, hitting 3 billion euros or more by 2010, Bakker said. [TPG's revenue in China - chalked up via its main TNT express courier unit - should keep pace with massive expansions in employees, capacity and nationwide reach, he added. The company - which battles the likes of FedEx Corp. and UPS Inc. in the global express arena - aimed to cover 1,000 cities by 2010 with 100 branches and a fleet of 2,500 vehicles.]