TKM opens office in Shanghai

TKM, the wholly-owned subsidiary of TM International Logistics (TMIL), has opened an office in Shanghai. TKM is a joint venture between Tata Steel and Martrade of Germany.
The Shanghai office will focus on freight forwarding of containerised cargo as well as airfreight business, a company spokesman said.
TKM now has overseas offices in Hamburg and Shanghai. It also has offices devoted only to freight forwarding business all over the country.
Despite the economic downturn, TMIL's revenue from freight forwarding business, which is undertaken through TKM, is expected to register a growth of 10 per cent to touch Rs 194 crore in 2008-09, sources say.
TMIL's revenue from port operations in 2008-09 too may be marginally higher than the 2007-08's level and may touch Rs 125 crore, Exim News Service informed.

Source: Transportweekly