DHL International, an air express courier service, reported Monday that it plans to invest dollars 2 million in its Russian retail network in 2002, Prime-Tass reported.
The company expects its revenues from Russian operations to be more than dollars 3.5 million annually in the near future. So far this year, the DHL express and service centers’ revenues amounted to dollars 1.5 million.
DHL-Sinotrans Ltd, a unit of DHL World wide Express, a leading international express delivery company, launches two new products recently.
Industry analysts predict the move will sharpen the already cutthroat competition in China’s delivery services market.
They said the two products, Jumbo Box and Jumbo Junior, are 40 to 50 percent cheaper than similar services provided by Chinese deliverers and those in the European and US markets.
Singapore has been chosen as the automotive logistics hub for TNT Logistics for Asia. According to Mr Joroen de Wilde, regional director for Asia, the company will hook up with a Singapore-based partner to offer infrastructure but declined to disclose the partner. He added that Singapore had the right location and infrastructure to become TNT Logistics’ hub for Asia.
Read MoreBlue Dart Express Ltd (BDEL), which services over 11,000 destinations in India, hopes to keep its 40 percent share in the Indian market at the end of 2001-2002, despite the current slump in the economy. It hopes to make up for the shortfall in the information technology (IT) sector with cargo from the pharmaceutical, consumer durables, banking and the financial services sectors.
Read MoreConsignia has admitted that it receives almost 2m formal complaints a year, thought to be a record for a British company.
Read MoreAn Post is seeking increases of over 30 per cent in postage stamp costs as its own costs are rising faster than sales. The company, which last year suffered a I£3 million drop in operating profits, is looking forward to mounting deficits and is awaiting proposals for a subvention to meet the burden of loss-making rural post offices. Last year the post office lost money and this is predicted to average I£20 million a year over the next three years according to the Irish Independent.
Read MoreCONSIGNIA admitted yesterday that limited capacity at local sorting offices means that five million letters will be diverted hundreds of miles away from their destinations.
The former Post Office, which recently announced plans to make 30,000 postal workers redundant, claims that it is quicker to divert items long distances when local centres are busy.
Consignia will next month strike another blow to the beleaguered rail industry by revealing it does not plan to renew one of the largest long-term contracts in the industry.
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