Japan Post said Friday 20 asset management companies have proposed a total of 23 investment trusts for its plan to sell funds through post offices. Japan Post has solicited fund schemes as it plans to sell three types of low-risk investment trusts — an investment product similar to a mutual fund – through part of its post office network, starting in October.
Read MoreDHL Express Vietnam opened its first quality control center in Vietnam on July 7. The center in Tan Binh District, HCM City, is the first of the quality control centers to be set up by DHL in the country. Ephakol Ponstabhon, country manager of DHL Express Vietnam, said new technologies would be applied at the center to ensure shipment information would be available quickly on the network.
Read MoreBob Russett has severed his relationship with Palletline, the pallet network which he is largely credited with forming and of which he was chairman until late last year. He had stayed on in the position of president, a role that was never clearly defined.
Read MoreAmtrak Express Parcels has secured a contract to become the sole overnight carrier for electrical goods retailer EmpireDirect.co.uk delivering up to 25,000 parcesl a month on next-day home delivery.
Read MoreDeutsche Post AG’s express services and logistics company DHL plans to buy local logistics companies in Estonia, Latvia and Lithuania, BNS news agency said. Managing director of DHL Express Nordics Bill A. Blomquist said the company plans to expand in the Baltic countries. ‘This will happen through organic growth and takeover of local logistics companies,’ he said. Blomquist said the process has already started and talks with local companies are underway.
Read MoreUS logistics firm FedEx Corp said it plans to build what will be the largest Asia-Pacific hub at Guangzhou’s Baiyun International Airport in southern China.
The company said it will invest 150 mln usd in the facility which will have a total floor space of 82,000 square meters located on 63 hectares. The hub is expected to assume and expand the current activities of the existing hub in the Philippines, beginning in December 2008, the company said in a statement. ‘More than two decades ago, we envisioned China as a nexus of global supply and demand and as a result became the first express carrier to enter the market,’ said Frederick Smith, FedEx chairman. ‘Today, we further invest in our leadership position by creating a new gateway that expands our customers’ access to the global marketplace.’ FedEx said the decision to develop the new hub was made following a study that forecast Asia will remain the world’s fastest growing regional air freight market, with growth of 8.5 pct each year until 2023.
Finnish Post (Suomen Posti) is planning to acquire Combifragt, a logistics company with 140 million euros of sales operating in Denmark and via its subisidiaries also in Estonia, Latvia and Lithuania. In cooperation with the present owners, operations of the company will continue as usual and changes in ownership will not affect either the company’s staff or daily work, Suomen Posti reported. “The merger of Suomen Posti and Combifragt will create a new important operator on the North-European logistics market, aimed at developing strong domestic transport services and versatile international transport services,” Suomen Posti said.
Read MoreFaced with the challenge thrown by private courier companies, the Punjab circle post office has conceived a new idea of introducing mobile post offices. Under the new scheme, a postman would run to your house for sale of postal stamps or booking a registered letter. The conventional role of a dakia (postman) has been redefined with the Punjab circle of the postal department going for this change authorising the postmen to sell stamps and stationery, book registered letters and speed post articles at the doorsteps of the customers. The postal authorities admit that the pilot project was aimed at minimising the loss incurred due to decline in the volume of traditional mail.
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