NETHERLANDS based TNT Express said has announced it anticipates slower growth for its Europe, Middle East and Africa trade and negative results in the Americas.

   TNT said third quarter business was "resilient" in Europe, the Mideast and Africa with cost cutting mitigating weaker sales revenue.

    "Brazil's operational quality continued to improve, but revenue was not sufficient to cover the past loss of major customers," said TNT in a statement. "Progress has been made towards the 2012 turnaround deadline."

    Of Asia-Pacific, the company said: "Profitability suffered from continuing weak Asia-Europe demand, leading to sub-optimal capacity utilisation in a soft pricing environment. The company continues to optimise exposure to intercontinental capacity. Domestic China saw an improved product mix, but this was offset by general and wage inflation."

    TNT said it will seek to build cash flow by tightening capital expenditure and better managing working capital, reported American Shipper, adding that the company will issue third quarter results at the end of October.

(source:http://www.shippingonline.cn/news/newsList.asp?classname=News)