Author: Archive

DHL to acquire stake in Air Hong Kong under new deal

DHL Worldwide Express yesterday inked a deal to buy a 30% stake in Cathay Pacific’s formerly wholly owned subsidiary, Air Hong Kong.

Under the joint venture agreement, Air Hong Kong will purchase a fleet of mid-range, wide-body aircraft to “operate and enhance” DHL’s network to the major cities in the Asia Pacific region.

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FedEx drives expansion in India

FedEx Corp. has signed an agreement with Hindustan Petroleum Corp. Ltd. to open cargo collection centers at its retail gas stations.Under a revenue sharing agreement, FedEx will initially open 100 centers in eight cities by Dec. 1.

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Pall-Ex plans for growth

Pall-ex this week went live with its Scandinavia pallet network, and outlined other ambitious projects it is launching, including a new £10m purpose built hub.

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DPWN Repayment of State Aid Delayed

A European Union effort to force Deutsche Post AG to repay at least EUR572 million in state aid faces more delays. The German government has asked the E.U. Commission to postpone the deadline for coming up with a repayment plan for a second time, a finance ministry spokeswoman told Dow Jones Newswires on Wednesday.

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New fund set up to boost rural postal services

A fund is being set up to help improve postal services in rural areas. The Universal Service Fund will encourage mail delivery operators to take their services to unserved and under-served areas. Mr Sammy Kyungu, the permanent secretary in the Ministry of Transport and Communications, said the fund would be managed by the Communications Commission of Kenya.

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EU law may scupper Consignia congestion charge hopes

Consignia’s hopes of avoiding having to pay congestion charges to drive Royal Mail vans in to central London could be scuppered by European legislation. It is a further blow to the cash-strapped mail operator, which warned this week that it would lose millions more each year if it had to pay the charge, which is to be introduced in the capital in February under plans devised by Ken Livingstone, London’s mayor.

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Public Views Postal Services as Unsatisfactory

POS Malaysia Bhd’s services are not up to peoples expectations, according to a survey by the Malaysian Communications and Multimedia Commission (MCMC). Customers say they want a better level of services in terms of efficiency, operating hours and safe delivery. Other issues raised include need for parking space, timely notification, convenient location of post boxes, and user-friendly facilities.

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Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

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