Tag: Asia

TNT signs final agreement for acquisition Hoau Group

Posted by | Sep 29, 2006 | |

TNT today signed the Equity Transfer Agreement with Hoau Group in Shanghai, People’s Republic of China, to acquire its nationwide road transport and freight business.

The signing of the agreement (comparable with a Sale and Purchase Agreement) follows the signing of a Letter of Intent, announced on 6 December 2005 and the Framework Agreement signed on 27 February 2006. Both parties expect to complete the transaction early 2007, subject to approval of the government of the People’s Republic of China.

With over 1100 depots and 56 hubs in China, the acquisition of Hoau offers TNT comprehensive road coverage in China and is in line with TNT’s strategic focus on integrated domestic and international networks.

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New China postal legislation to strike at express sector

Posted by | Sep 28, 2006 | |

The Chinese express industry is facing the same sort of crisis which could strike that of India’s – new regulations designed to protect the national Post Office. The latest legislation being proposed by the Chinese authorities could extend the monopoly of the state owned mail operator China Post to include all domestic deliveries of private letters.

According to the European Express Association (which represents the major express carriers) these moves are a violation of the horizontal rollback provision in China’s WTO commitments.

The industry has suggested a system similar to that in the EU with an initial weight and price definition, along with subsequent reductions in those numbers. Although Chinese officials have said that international express would not be subject to the monopoly because of a special provision, the foreign industry opposes any differentiation in the rules for international and national express operators.

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Japan Post, Lawson to start joint delivery from October

Posted by | Sep 26, 2006 | |

Japan Post and major convenience store chain Lawson Inc. said Tuesday they will start delivering each other’s items, such as mail and merchandise like boxed meals and drinks, from October in Kochi Prefecture.

The two firms said their cooperation is aimed at cutting distribution costs and is part of their environmental measures as the joint delivery will enable the firms to reduce the number of necessary trucks.

As the first step, the two firms will start the joint delivery in some areas in Kochi Prefecture for about a year on a trial basis, with an eye on expanding the areas in the future.

Japan Post and Lawson estimate the joint operation can cut their distribution costs by about 20 percent.

For the joint operation, the two firms will use refrigerating trucks to deliver merchandise from Lawson’s distribution centers to the company’s convenience stores as well as mail from base post offices to smaller post offices.

When coming back, the trucks will carry mail and empty cases of merchandise.

The two firms plan to run two services of the joint delivery per day.

For convenience store chains eyeing opening outlets in rural areas, how to cut distribution costs has been an important issue to resolve.

Lawson is now considering setting up new outlets utilizing the joint delivery system.

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Japan's major parcel deliverer to end deals with UPS

Posted by | Sep 25, 2006 | |

Yamato Transport Co. will start its own international delivery service as a replacement for a service deal with United Parcel Service starting on Oct. 1, the company said on Monday.

Yamato, the leading private parcel delivery service company in Japan, is ready to launch its own service, which it says will be up to 60 percent cheaper than UPS.

The Tokyo-based company expects that there is enough demand for it services, including the shipment of business documents and free sample distribution. It aims to deliver 3 million parcels, and 10 percent of the international small cargo market.

In its new service, the company set prices by dividing the world into four areas and weight into seven areas, from one kilogram up to 25. Delivery of a one-kilogram parcel from Tokyo to any city in Asia will be as much as 1,600 yen, as opposed to the UPS “deputy” delivery for 4,000 yen, the company said. Delivery will take three to seven days.

(116.44 yen = 1 USD)

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Aeon, Japan Post say to expand cooperation

Posted by | Sep 25, 2006 | |

Japanese retailer Aeon Co. and Japan Post [JP.UL] said on Monday they would expand their cooperation in delivery services and postcard sales, a move that could grow into an alliance in financial operations.

Aeon, the country’s second-biggest retail conglomerate after Seven & I Holdings , and Japan Post had already joined forces in some areas, including handling of the national postal service provider’s Yu-Pack parcel post at the retailer’s Ministop convenience store chain outlets.

Aeon’s shopping centres and stores also house seven post offices, and that number is increasing.

Japan Post, which has a network of nearly 25,000 post offices and some USD3 trillion in assets, is scheduled to be gradually privatised from next year, intensifying competition with rivals such as parcel delivery firm Yamato Holdings Co. .

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