Tag: Air Transport

DHL expands Hong Kong superhub

Posted by | Nov 10, 2005 | |

DHL announced an additional USD110 million investment to expand its Central Asia air express hub at the Hong Kong International Airport. The center of DHL’s regional network, the Central Asia SuperHub is being built six years ahead of schedule to meet soaring demand, the company said. The flagship facility, serving the Pearl River Delta manufacturing center, “is strategically positioned for us to meet the growth in intra-Asia, as well as inter-regional trade,” said Scott Price, chief executive, DHL Express – Asia Pacific. The expansion was originally scheduled for completion in 2013.

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Deutsche Bahn to buy BAX Global

Posted by | Nov 7, 2005 | |

Deutsche Bahn, the German state-owned railway company, is preparing to acquire BAX Global, the U.S. freight forwarder, in a bid to catch up with the consolidation sweeping the global logistics industry. Europe’s biggest railway operator is likely to pay between $960 million and $1.2 billion for Irvine, Calif.-based BAX, a unit of the Brink’s Co., a security and logistics company. Deutsche Bahn will decide whether to proceed with the acquisition at an extraordinary meeting of its supervisory board on Saturday, according to German press reports. Deutsche Bahn is expected to fold BAX into Schenker, its freight forwarding unit that has been under pressure to match recent takeovers by rivals, most recently Deutsche Post’s $6.7 billion acquisition of Exel, the UK’s largest ocean and air freight forwarder and contract logistics company, and Swiss-based Kuehne & Nagel’s $588 million acquisition of Paris-based ACR Logistics from Platinum Equity Group, a private U.S. investors group.

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Hungary’s express air delivery market to double in under five years

Posted by | Oct 25, 2005 | |

Hungary’s market for international express air deliveries is expected to be worth about EUR 70m this year, up from EUR 62m in 2004, according to a study by Deutsche Post, which owns express delivery service DHL Express Magyarorszag. The study estimates the market for international express air deliveries will grow further to EUR 100m in 2008, and to EUR 150m in 2010, more than doubling in size over five years. According to the study, DHL Express Magyarorszag is leader on the international express air delivery market, with a 36pc share, followed by TNT Express Worldwide Hungary with 31pc, the Hungarian unit of UPS with 23pc, FedEx, which has no Hungarian unit, with 9pc, and the Hungarian post Magyar Posta with 2pc.

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TNT signs contract for two more Boeing 737 aircraft

Posted by | Oct 6, 2005 | |

TNT Express today announced that it has signed a contract with GE Capital Aviation Services (GECAS) for two additional B737-300SF aircraft. With a payload of 16 tonnes, the aircraft will be introduced to the company’s highly successful European Air Network in August and December 2006 respectively and will replace sub-contracted aircraft. The introduction of the new aircraft will provide the company with increased capacity and will bring the total number of 737’s in the TNT fleet to nine.

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