Committing over 250-million USD investment in India for the next few years, global air express services company, DHL Express, has set up a disaster recovery centre in Chennai.
During the expansion plan in the coming years, the company will introduce new technologies, expand infrastructure, develop innovative products and services, and improve marketing and sales.
Read MoreThe Royal Mail’s General Logistics Systems is creating its own air express delivery service, Rico Back, the head of GLS, told Handelsblatt.
Back said the company will invest 10 mln eur in GLS Air this year and that its two aircraft will fly between the company’s delivery centres in Germany and the UK from October.
Ultimately, GLS Air wants to have a fleet of 25 aircraft that will fly to 17 European nations, he added. GLS is the continental European counterpart to Royal Mail’s UK-based Parcelforce Worldwide. It is based in the Netherlands and has 14,500 staff.
Read MoreA company handed a licence under the deregulation of the postal service has showed signs of recovery following a profits warning earlier this year.
Business Post warned in January that annual profits for the year to March 31 would be pounds 4.5m lower than expectations because of the cost of buying out the leases to a string of franchised depots.
The company said a number of initiatives had helped stabilise its performance since then, adding that recent trading was satisfactory and in line with market hopes.
Read MoreSix years after TNT bought the logistics business from CSX Corp., the Dutch company is looking to sell the second-largest contracts logistics company in the world.
The intent to sell was announced toward the end of last year, and although the company refuses to divulge who has expressed an interest, industry observers have floated a variety of names, including big players like UPS.
Read MoreSwiss Post International (SPI), the foreign operations unit of Swiss post office services provider Die Post, has acquired online postcard service company MobileImaging GmbH, Die Post said on July 12, 2006.
Through the deal, SPI aims at expanding the range of its online postcard service offers.
Read MoreFinland Post Group said on July 12, 2006 it will sell its 49 pct stake in the transport joint venture Kelpo Kuljetus Fi Oy to joint venture partner DHL, the logistics and express delivery business of German postal service group Deutsche Post.
No financial details were available.
The transaction is subject to approval by the competition authorities.
The deal is part of the partners’ aim to focus on their core businesses.
Read MoreDHL and Finland Post have agreed on a business acquisition based on which DHL will buy out Finland Post’s 49 per cent of shares in Kelpo Kuljetus Fi Oy, the jointly owned domestic transport company, rendering Kelpokuljetus a fully-owned DHL subsidiary. This deal is subject to approval by the competition authorities.
According to the deal, Finland Post will acquire the regional transport business of Kelpokuljetus, comprising the transports from post centres to delivery post offices and customers, whereby staff responsible for regional transport services, the related equipment and customer contracts will transfer to Finland Post. These employees will join Finland Post under their current employment terms.
Read MorePos Malaysia and the independent Malaysian parcels firm Nationwide Express have officially launched a strategic partnership. The initiative follows a recent cooperation agreement between the Malaysian postal authority and Singapore Post.
Under the agreement, customers will be able to buy stamps and philatelic items at over 100 Nationwide Express offices across the country. Pos Malaysia has a network of 650 post offices across the south-east Asia state.
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