Peter Bakker, CEO of Dutch postal and logistics Group TPG N.V., delivers a speech in Shanghai.
Peter Bakker, CEO of Dutch postal and logistics Group TPG N.V., delivers a speech during the opening of its TNT China headquarters 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 Chinese cities by 2010 with 100 branches and a fleet of 2,500 vehicles. REUTERS/Claro Cortes IV CC/SH