TNT India, the Indian branch of CEP logistics services provider TPG (TNT Post Group), has won a new contract. since the beginning of July this year, the company has been in charge of transporting and storing fast moving consumer goods for health care and dental products manufacturer Colgate Palmolive India Ltd.
Read MoreCountries grouped in the Association of Southeast Asian Nations (ASEAN) are expected to see tougher competition in the transportation and logistics industries, now that the ASEAN Free Trade Area (AFTA) is in place.
As experts have put it, transportation and logistics are “the keys to the very lifeblood of international trade and industry”.
The challenge facing ASEAN is for each ASEAN country to improve the quality of its infrastructure, technology, transportation and logistics services, so they meet global standards.
FREIGHT forwarding firm Transtar has been bought by its management in a deal backed by a fund designed to strengthen commerce and create jobs in South Yorkshire.
Lee Bolsover and Jayne Wilkinson, who have been at the firm for the past 10 years, secured an investment of GBP500,000 from the South Yorkshire Investment Fund (SYIF).
Transtar works with suppliers such as DHL to offer freight forwarding services throughout the world. The deal, for an undisclosed sum, was financed through a mix of loans and equity supported by a facility from Royal Bank of Scotland.
TDG Disposes of Data Services
Read MoreThe international express delivery company DHL will use its Taiwan experience to tap into the mainland Chinese market, a ranking DHL official said Friday.
John P. Mullen, president of the DHL Asia-Pacific regional business, made the remarks while meeting with the Republic of China Minister of Transportation and Communications Lin Ling-san.Mullen said that DHL had invested US$300 million to strengthen its infrastructure in the Asia-Pacific region in the past several years. Of this amount, US$30 million was injected into Taiwan.
Cathay Pacific Airways and DHL Worldwide Express are moving quickly to transform Air Hong Kong into a co-operative venture as they await the go-ahead from the Airport Authority on franchise rights for a new express cargo terminal.
The two companies, which signed a memorandum of understanding in January to jointly operate a mid-range freighter fleet for the intra-Asian trade routes, have already begun securing aircraft, according to sources.
A formal unveiling of the venture was not expected until early autumn, possibly in October.
The venture now hinges on the successful awarding of the new express terminal franchise to DHL, which will then use Chek Lap Kok as its main regional hub.
The threat of the first national strike by postal staff for 30 years came closer yesterday when dates were set for a ballot of 180,000 workers in a row over jobs.
Members of the Communication Workers Union will start voting on August 27, with the result due on September 12.
The union has claimed that the employment conditions of 7,000 cleaners and engineers due to transfer from Consignia to a joint venture with Balfour Beatty will worsen.
General secretary Bill Hayes said loyal workers were having their pensions threatened and job security put at risk.
Any strike would be the first involving delivery, counters and parcels staff since 1971 when there was a six-week walkout.
SAS Group Interim Report 2002
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