DHL has appointed Herbert Vongpusanachai, the country manager of DHL Express Thailand, as DHL Express’s Indochina region manager, the Bangkok Post reports.
The appointment highlights the company’s plan to consolidate its position as the market leader in the Indochina region, according to Yasmin Aladad Khan, senior vice-president of DHL Express Southeast Asia. Mr HVpngpousanachai will be based in Thailand.
Read MoreDHL Express expects to continue its double-digit revenue and volume growth in its Malaysian operations this year, outpacing the market.
“The international air express market in Malaysia is growing at a healthy pace because of the shift in the country’s economy from lower value-added manufacturing to more high technology, high-value goods,” DHL Express (Malaysia) Sdn Bhd country manager Sam Leong told Business Times in a written reply.
DHL is the leading express delivery company in Malaysia, with a more than 40 per cent share of the market. It has been registering a growth of 15-20 per cent in revenue in the last few years.
Leong said last year, several factors have contributed to the company ’s growth in Malaysia. There are investments in its infrastructure, product innovation, strong exports as well as its people.
Read MoreIndia’s express industry is expected to register a growth of at least 20 per cent per annum during the next five years and more than double its size by 2012, according to a study by rating agency Credit Analysis & Research (CARE). Opening of banking, insurance, retail, aviation and telecom sectors and their penetration to smaller cities would be the major growth driver.
According to CARE, the size of India’s courier industry currently stands at around Rs 7,100 crore and is estimated to have grown at a CAGR of around 33 per cent over the past decade. At its current estimated size, the courier industry is larger than the tea industry and close to the size of paper and shipping industries in India.
The industry is highly fragmented with more than 2500 express players and a few large sized players account more than half of the industry revenues.
The industry contributes more than Rs 1000 crore to the government revenues by way of service tax, income tax and other levies and it offers employment opportunity to about a million people.
Amongst domestic players Blue Dart, DTDC, First Flight and Overnite Express are leading express services companies in India while UPS, FedEx, DHL and TNT are leading international players presence in the country. According to the CARE survey, the industry players earn about 52 per cent of its revenues from document parcels.
Read MoreAir cargo imports into Mumbai airport rose 32% to 13,336 tons in November ’06, compared to November ’05, as per the latest available airports authority of India data. Exports from Mumbai dropped 1.9% in the same month, over last year, to 12,405 tons.
On the imports side, Air India maintained its lead, with 1,925 tons imported in November ’06, a rise of 24% over November ’05, followed closely by Cathay Pacific, with 1,407 tons, showing a 164% year on year growth.
Singapore airlines came in third, with 1,376 tons, up 19% and Lufthansa was fourth with 1,020 tons, up 20%.
In all cases, high industrial activity and demand for materials is showing up in rising imports cargo tonnage and origin. With China-India opening up to trade with each other, imports of machines, tools, garments, raw material, samples is rising exponentially, which benefits Cathay Pacific as the largest Hong Kong/ China based carrier.
Air India was the top carrier in exports out of Mumbai, with 2,424 tons in November ’06, up 1%. In the year 2005-06, it held 18% market share of air exports from Mumbai, which has already moved up to 19.5% in November ’06. Taking second slot is Emirates, with 1,176 tons, up 4% over November ’05.
It held 9.5% share in November ’06. Garments, textiles, gems, food items form major chunks of the cargo for both Air India and Emirates. The logistics majors FedEx and UPS turned in a 43% and 25% increase in cargo exported in November ’06 over November ’05.
Read MoreJapan Post said Friday some 10,000 automatic withdrawals from postal savings accounts failed over four business days from Jan. 4 due to a computer system glitch.
The trouble emerged as Japan Post made some modifications to its computer system to prevent erroneous money transfers on Jan. 4, it said.
Japan Post reverted to the previous configuration on Thursday and the system has worked properly since, it said.
Japan Post has apologized to users of the automatic money withdrawal service for the inconvenience and been in contact with them over how to implement the transfers.
The failed transactions were among a total of about 34 million money transfer orders issued over the four business days. The amount of money involved is not yet known.
As a result of the system malfunction, 1,243 users were unable to receive payments such as utility and credit card charges.
Japan Post said it is investigating the specific cause of the system failure.
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