Tag: Asia

SAT Airlines starts Seoul flight under contract with DHL

Posted by | Mar 20, 2007 | |

SAT Airlines has started to carry out cargo charter flights from Yuzhno-Sakhalinsk to Seoul under a contract with DHL Express, SAT Airlines Commercial Director Sergei Burdinsky told Interfax.

“A contract to charter our An-24 liner was signed with DHL Express in February 2007 for one year. In the future, if neither of the sides object, the contract will be extended. The plane will fly to Incheon airport three times a week: on Tuesday, Thursday and Saturday to South Korea and on Monday, Wednesday and Friday – back to Sakhalin,” he said.

A trial flight took place on March 7 and this week the plan started flying on schedule.

Burdinsky said that a SAT Airlines An-12 has been carrying out charter flights to Seoul for three years already, under a contract with Panalpina as part of the Sakhalin-2 project.

A source in the DHL Express office in Yuzhno-Sakhalinsk told Interfax that the flight to Seoul on the An-24 is the first DHL Express charter flight in the Russian Far East. “We chartered the SAT Airlines liner together with Sakhalin Energy, but freight will be transported to Seoul not only for the Sakhalin-2 project, but for other offshore projects also, and for any other clients,” the source said.

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China's Postal Savings Bank Opens For Business In Beijing

Posted by | Mar 20, 2007 | |

Postal Savings Bank of China opened for business Tuesday in Beijing, allowing the country’s fifth-largest bank by deposits to expand its lending after years of being the deposit-taking arm of the state postal service. The bank, which has a network of 36,000 outlets attached to the postal network, is fully owned by China Post Group. The State Council, China’s highest administrative body, created China Post Group in August by separating the business and regulatory functions of the country’s postal system. In a statement published in government-backed newspapers and on its Web site, Postal Savings Bank said: “We will rely on and make full use of the postal savings network to improve our ability to provide financial services to cities and the countryside.” The China Banking Regulatory Commission has said the bank should focus on lending to rural clients. The CBRC allowed the bank to begin trial lending projects last year.

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McDonalds to strengthen home delivery services

Posted by | Mar 20, 2007 | |

McDonald’s will strengthen its home delivery services by investing about Rs3 crore over the next 3 years. It launched the all-India single home delivery number in Delhi on 15 Mar 2007. The company expects its focused marketing efforts to result in a growth rate of 25 percent per year over the next 3 years.

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FedEx announces next-business-day domestic express service in China

Posted by | Mar 19, 2007 | |

FedEx Express, a subsidiary of FedEx Corp. announced that it will offer next-business-day domestic express service in China beginning May 28, 2007. Combined with the company’s international express service, the new domestic offering will connect businesses both within China and around the world. FedEx connects more than 90 percent of China’s GDP to the rest of the world through its global network.

The new domestic services, expected to be fully operational in June 2007, will serve China’s burgeoning market with next-business-day, time-definite delivery service to 19 cities and a day-definite service to more than 200 cities throughout the country. Real-time package status tracking will let customers know where their shipments are every step of the way.

Like the U.S. express hub-and-spoke system which FedEx pioneered, the domestic express network includes a hub-and-spoke system centered at the Hangzhou Xiaoshan International Airport, located in East China’s Zhejiang Province. The newly established hub will initially be able to sort up to 9,000 packages per hour.

A domestic carrier, Okay Airways, will provide the domestic air transportation. Using three Boeing 737 freighters, Okay Airways will operate an air cargo domestic network within China in support of FedEx. The aircraft will operate two circular routes nightly, covering the country’s major airports.

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TNT and FedEx run business in China alone

Posted by | Mar 19, 2007 | |

The world’s Big Four express names gradually step into an independent running term in China – which has nodded their activities of operating wholly owned affiliates in the country according to the commitments to its WTO entry – coinciding with two acquisitions.

The Holand-headquartered company officially announced the completion of the Hoau Logistics Group acquisition on March 14. The Chinese authorities approved it days ago. However, the company declined to unveil the deal’s accounting information.

Industry analysts point out that the goal of TNT is to integrate its businesses in China on the basis of the Chinese company’s network and its 170,000 clients. TNT will build on this network and use it to further access its network worldwide.

Tianjin DTW Group Co., Ltd., another Chinese logistics service provider based in Tianjin, near Beijing, capital of China, announced that its sale of a 50% stake in Federal Express-DTW Co., Ltd. was completed on March 1.

FedEx Express reached an acquisition agreement about the deal and DTW Group’s domestic express assets valued at about USD 400 million on January 24, 2006.

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