Tag: Asia

UPS to assume full control of operations in Korea

Posted by | Jun 18, 2008 | |

UPS today announced an agreement with The Korea Express Co., Ltd. (KEC) to acquire KEC’s interest in the UPS-KEC express joint venture company here. The transformation of the joint venture to a wholly-owned subsidiary will allow UPS to grow its business in Korea and better serve its customers in a key market.

Terms of the deal were not disclosed.

“UPS and KEC have had a successful partnership in Korea for more than 10 years, but UPS has arrived at a point where we need greater flexibility to match our commitment to this important market,” said Derek Woodward, president of UPS’s Asia-Pacific Region, noting Korea now is America’s 7th largest trading partner.

The two companies also signed a cooperation agreement for continued collaboration. It recognizes UPS’s global network and infrastructure and KEC’s local network and customs brokerage operations.

UPS expects to enhance its levels of reliability and to further build its brand presence in Korea. As part of its strategy to provide total integrated logistics solutions, UPS will begin integrating its Supply Chain Solutions operation with the newly-formed package express entity to offer a single UPS branded portfolio.

Earlier this year, UPS rolled out a series of new services to better serve Korean customers including a simplified suite of three services for shipping international air freight. The suite includes a substantially expanded express freight option with guaranteed door-to-door service. By combining the capabilities of the world’s 9th largest airline with UPS’s position as a global freight forwarder with access to other airlines, UPS is the only transportation and supply chain provider offering guaranteed integrated air freight services in a single portfolio.

UPS began operating in Korea in 1988. The company operates 31 weekly flights to and from Incheon Airport using B-747, B-767 and MD-11 aircraft connecting Seoul to Qingdao, Shanghai, Taipei and Anchorage.

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Sinotrans mulls logistics merger with Yangtze Transportation (PRC)

Posted by | Jun 18, 2008 | |

Sinotrans, the Chinese conglomerate partnered with DHL is considering merging with the country’s top river-shipping operator to create a national logistics giant, sending shares in its main listed arm up 6 percent on Wednesday.

Sinotrans Ltd, a joint venture partner of DHL and Korean Air, said its controlling shareholder of the same name was thinking of merging with the China Yangtze Transportation (Group) Corp.

If it goes ahead, the move would create a sprawling transport corporation operating everything from marine, oil and river shipping to express delivery, freight forwarding and warehousing, as Beijing spurs consolidation of a large but fragmented sector.

Analysts believe the deal will open opportunities for Sinotrans’ listed units — Sinotrans Ltd and Sinotrans Shipping Ltd — to buy assets from their state parent in future, though it will not have an immediate impact on listed firms.

After merging with Yangtze Transportation, which had total assets of 41.2 billion yuan (USD 5.8 billion) in 2007, Sinotrans would become the nation’s largest shipping and logistics conglomerate after the marine-oriented COSCO group.

Sinotrans and Yangtze Transportation, which controls two mainland Chinese-listed firms (Nanjing Tanker and Changjiang Phoenix) will form a group named the China Logistics Group to hold the interests of both parties, media reports said this week.

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India Postmaster: 'Post offices across India to be interlinked soon'

Posted by | Jun 17, 2008 | |

All the post offices across the country will be inter-linked in about a year’s time, a senior postal department officer said here on Tuesday.
Soon, the Indian Post will also function as a full-fledged banking organisation, he said, adding postal department was also considering to rent out prime spaces it had at several places for retail and other business.
Kumar said the postal department has also tied up with ‘Kerala Spices Board’ under which, one can place an order through the postal department for getting spices delivered at their doorsteps by post.
Besides, the department had also tied up with Assam tea and Tirupati prasad so that one can get these materials through post, he added.
Kumar said the department was also forging ties with telcos like BSNL, Reliance, Vodafone and Airtel to provide range of services and products like ‘Retail post’ and ‘Bill Mail Service’ verification of addresses and delivery of bills.
The post offices already distributes coins of denomination rupee one and two on the behalf of RBI, he said adding that the department was also reaching out to universities and institutions for the sale of their prospectus and other material under ‘Retail post.’

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Korea Express says to hand local JV stake to UPS

Posted by | Jun 17, 2008 | |

Korea Express Co Ltd, a country logistics company, said it had signed a deal to hand its 40 percent stake in a local joint venture to United Parcel Service Inc .

It did not disclose the value of the transaction.

Atlanta-based UPS had owned 60 percent of UPS-Korea Express, launched in 1996.

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DHL Global Forwarding Japan launches “Web-booking”

Posted by | Jun 16, 2008 | |

DHL Global Forwarding Japan K.K. – the air and ocean freight forwarding arm in Japan of DHL– has launched “Web-booking,” an online booking service for consolidated ocean cargo(LCL).
“Web-booking” realizes easy online searching of schedules for consolidated transport and planned arrival dates for transport bound to any country in the world; this information will also be available for download in PDF and Excel formats in near future.
Completion of the simple online user registration process facilitates future bookings because it eliminates the need to re-input basic information such as company name and address.
Archived customer booking histories means it is not necessary to re-input detailed cargo information if the cargo being shipped is similar to previous export shipments.
Customers can select their vessel according to destination, can check information regarding the vessel’s operational condition, and can confirm its actual departure and arrival times.
A rewards program for frequent users of the “Web-booking” service is planned to be unveiled in the future.
The launch of DHL Global Forwarding’s “Web-booking” service means that customers now can book ocean export shipments and receive accurate information on the departure and arrival of vessels around the clock.

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