Tag: Asia

FedEx plans to add more India flights

Posted by | Jun 15, 2007 | |

FedEx will increase flights to India in response to growing demand as the country’s air express and cargo markets take off, a senior executive said.

The US integrator expects manufacturing industries such as cars, telecoms and pharmaceuticals to grow in India, foresees rising demand for consumer goods, and believes that improved transport infrastructure will boost the express sector, Michael Mühlberger, FedEx vice president operations Central and Eastern Europe, told the Air Cargo Europe conference at the Transport Logistic fair in Munich this week.

Mühlberger pointed out that poor road connections were playing a role in driving the domestic air express market, but even as road infrastructure improved, air express flights would remain necessary to the distances between the sub-continent’s economic centres.

Ram Menen, head of Emirates Cargo, told the conference that Dubai and Singapore would continue to act as air cargo gateways to India in the future with multiple services to Indian cities due to the poor condition and insufficient capacity of the country’s road and air infrastructure. The USD 14 billion Indian logistics market is growing at about 7% a year, and had excellent growth prospects due to the country’s strong economic growth and demographic structure, he added.

Tom Hoang, Boeing regional director, said that Europe, the Far East and the Middle East were the main air cargo import and export destinations for India. The Indian domestic air cargo market would grow at about 9% a year over the next 20 years, he predicted.

Read More

Deutsche Post rumored to buy Sinotrans joint venture

Posted by | Jun 15, 2007 | |

Reports from the Xinhua news agency suggest that Deutsche Post World Net is moving to buy out Sinotrans from its Exel-Sinotrans Freight Forwarding joint venture. The reports cite the CEO of Sinotrans indicating in April that he would be interested in selling the Chinese logistics company’s stake in the joint venture.

The reports also quote the president of DHL China and South Korea as saying that the DHL is in negotiations with Sinotrans about the holding, but that a deal has not been reached.

DPWN already owns 50% of the business which has revenues of more than €300m.

Exel-Sinotrans was established before DPWN bought Exel. Although it is described as a freight forwarder, it aims to offer a complete suite of logistics services including contract logistics. It focus is orientated towards southern China and serving traffic between Hong Kong and the Pearl River Delta.

Sinotrans is at present engaged in complex manoeuvres to restructure its capital base and to re-align its corporate strategy. It is moving much of its assets into companies quoted on the Hong Kong stock exchange in order to raise capital and be less reliant on loans from state banks.

DHL has announced a string of investments in China both for its logistics business and its Express operations. It now has wholly owned Express operations, but its logistics businesses are a mixture of wholly owned companies and joint-ventures. Of the latter its Danzas-ZF Freight forwarder is probably the most important.

Read More

Japan: 2 postal labor unions to merge

Posted by | Jun 14, 2007 | |

The All Japan Postal Labor Union launched its national assembly Wednesday with a view to voting Friday on whether to merge with the Japan Postal Workers’ Union, or JPU, upon the planned privatization of the postal system in October.

The JPU will also consider the proposed merger at its national convention due to start Tuesday in Naha, Okinawa Prefecture. The merger would create the nation’s largest labor union with around 220,000 members. The merged union would surpass the All NTT Workers Union of Japan, an 180,000-strong group representing employees of the Nippon Telegraph and Telephone Corp group.

Read More

Deutsche Post's DHL to seek 50 pct stake in China's Exel-Sinotrans – report

Posted by | Jun 14, 2007 | |

Deutsche Post AG unit DHL has expressed interest in bidding for a 50 pct stake in Exel-Sinotrans Freight Forwarding Co Ltd, a joint venture between Deutsche Post affiliate Exel LLC and Sinotrans Air Transportation Development Co Ltd, the official Shanghai Securities News reported.

In April, Sinotrans told the Beijing Equity Exchange that it plans to sell its 50 pct stake in the joint venture.

The newspaper quoted Jerry Hsu, president of DHL Greater China and South Korea, as saying that the express delivery and logistics group is in talks with Sinotrans, but no progress has been made.

In 2005, Exel LLC was purchased by Deutsche Post World Net, which is also the sole shareholder of DHL.

Read More

DHL carries “Flame of Hope”

Posted by | Jun 13, 2007 | |

DHL, announced a global partnership with Special Olympics International, by providing logistics support for the Law Enforcement Torch Run for the 2007 Special Olympics World Summer Games in Shanghai, China, and the 2009 Special Olympics World Winter Games in Boise, Idaho, USA. The partnership between DHL and Special Olympics marks the first time that the “Flame of Hope,” which is traditionally carried by law enforcement personnel and Special Olympics athletes, will be transported globally prior to reaching the Opening Ceremony of the 2007 World Summer Games on 2 October 2007.

The 2007 Special Olympics World Summer Games in Shanghai will host 7,500 athletes with intellectual disabilities from more than 160 countries and regions. The Torch Run is Special Olympics’ largest grass-roots fundraiser and public awareness vehicle, with the objective of showcasing the unification of society and the inclusive nature of Special Olympics.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest