Tag: Asia

Kerry Logistics expanding their network to India

Posted by | Oct 17, 2006 | |

Following the expansion in Central Europe in September, Kerry Logistics (hereafter called “KL”) has just acquired 51% share of Reliable Freight Forwarders Pvt Ltd (hereafter called “RFF”) in India and will be renamed as “Kerry Reliable Logistics Pvt Ltd. “.

Established in 1996, RFF is an Indian-based freight forwarding company. On top of the head office located at Chennai, RFF has 5 branch offices in New Delhi, Bangalore, Mumbai, Tirupur and Tuticorin. Riding on its solid foundation, RFF offers value-adding supply chain management solutions and provides comprehensive logistics services in India, including international sea and air freight forwarding, local transportation with self-operated trucking fleets, inland container depots, container freight stations, shipping agency, contract and project logistics.

China and India have been identified by the global economists as the “Asia Power Houses” in the recent years. Kerry Logistics has already established a comprehensive Pan-China Network with 120 self-owned offices and over 100 cargo facilities in Mainland China. With the new venture in India, KL’s Asian network is further strengthened for empowering their global/regional customers to rise to the challenges of their supply chain in Asia.

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Deutsche Postbank may tie up with Japan postal bank

Posted by | Oct 16, 2006 | |

Deutsche Postbank AG could consider a tie-up in a wide variety of areas with the postal savings bank to be created in Japan next year, the Nihon Keizai Shimbun reportd, quoting chief executive Wulf von Schimmelmann.

The privatization of Japan Post’s operations is set to begin in October 2007.

Von Schimmelmann said in a interview with the business daily that Postbank would be eager to share its expertise with the Japanese postal savings bank in such areas as branch management, marketing, product lineup and risk management.

Referring to a plan to take the postal savings bank public in 2011, von Schimmelmann said a cross-shareholding relationship between their banks might be a useful arrangement.

He said Postbank does not have an interest in holding a majority stake, but might consider owning some shares if the Japanese bank desires.

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DHL expanding operations in Shanghai duty free zone

Posted by | Oct 13, 2006 | |

Express and logistics provider DHL has launched operations at a 3.6 mln usd logistics facility at the Waigaoqiao Bonded Logistics Zone (WBLZ) in Shanghai, as part of the further expansion of its forwarding operations on the mainland, the company said.

The new warehouse and logistics facility boosts DHL Global Forwarding’s current investment in China to 30 mln usd. The DHL group’s total investment in the past few years is around 315 mln, it said.

DHL Global Forwarding will also invest an additional 20 mln usd in the next few years to further enhance the company’s network infrastructure, staffing, products and services to meet anticipated growth in China, it said.

Peter Landsiedel, Asia Pacific chief executive of DHL Global Forwarding, told XFN Asia the company had been experiencing 50 pct annual growth in China in recent years and it expected continued levels of growth this year.

He would not make a longer-term forecast but said: ‘Barring any catastrophic development,’ specifically copncerninfg oil prices, ‘we are pretty optimistic of continuing with double digit growth.’ Greater China accounts for more than half of DHL’s Asia-Pacific revenue from forwarding operations, with the mainland accounting for 24 pct or regional revenue, Hong Kong 23 pct and Taiwan 5 pct. The next two largest zones are Singapore with 10 pct and Japan with 9 pct.

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Retailers in dogfight for air cargo space

Posted by | Oct 13, 2006 | |

The retail war has now moved to the skies. Retail companies are fiercely competing against each other to acquire cargo aircraft in a bid to put their backward logistics in place.

The proposed retail models being pursued by the retailers would demand speedy transportation of perishable goods, for which all agri hubs across the country need to be well connected.

This move by the retailers is also expected to throw up new opportunities for the airline companies in the cargo business. Several airline companies including low cost carriers like Air Deccan and Go Cargo among others are drawing up plans of expanding the cargo infrastructure.

While upcoming retail ventures like Reliance and Bharti are already in talks for striking long term strategic alliances with some international as well as domestic cargo fleets, others like Tatas, Birlas and RPG are learnt to be mulling similar options.

On the other hand, to leverage opportunities that this may throw up, some prominent low cost airlines are also venturing into dedicated cargo fleet. Experts say low cost airlines, already marred by increasing losses would want to leverage their existing infrastructure to grab a pie of the burgeoning retail sector.

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