Tag: Asia

FedEx unveils expanded operations centre in Taiwan

Posted by | Nov 28, 2005 | |

FedEx unveiled an expanded operations centre near Chiang Kai-shek (CKS) international airport outside the Taiwanese capital of Taipei Monday.
The new operations centre is nearly three times larger than the previous one and can sort 4,000 packages per hour, twice as many as before, according to FedEx. FedEx said the launch of the new centre proved the company was not withdrawing from Taiwan while moving its regional operations centre from Subic Bay in the Philippines to Guangzhou in China.

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China’s Sinotrans to buy stake in local courier for 360 mln yuan

Posted by | Nov 28, 2005 | |

Sinotrans Air Transportation Development Co Ltd (SHA 600270) is expected to acquire a controlling 51 pct stake in Shanghai STO Express Co Ltd for 360 mln yuan, The Economic Observer reported. The newspaper cited unnamed sources as saying that the two companies have signed an agreement which is pending approval by the State-owned Assets Supervision and Administration Commission.
Officials at both companies declined to comment.

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Majority of Japan Post offices in loss in FY ’04

Posted by | Nov 28, 2005 | |

Over 70 pct of Japan’s 20,000-plus post offices reported losses for the fiscal year that ended in March this year, Japan Post said Monday. Of 20,242 post offices nationwide, 14,661 suffered losses for the year, an increase of 500 from the previous year, the public corporation said. By business division, 18,993 post offices, or 93.8 pct of the total, incurred losses in their mail delivery operations, while the number of loss-making offices nearly matched that of profitable ones in postal savings and insurance operations, Japan Post said.

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Sinotrans in logistics push as express business wanes

Posted by | Nov 25, 2005 | |

Sinotrans, China’s largest freight forwarder, plans to spend HK$800 million to HK$1 billion annually over the next three years to strengthen its logistic business as margins of its express business have been shrinking.

Sinotrans’ management said it expects to establish regional logistics services centers in Shanghai, Qingdao, Tianjing and Nansha. The company currently doesn’t run any such center. Sinotrans also plans to use more than 50 percent of the planned investment for storage, warehouse facilities and terminal services, analysts said.

“Unlike the express business, the company’s other logistics businesses are more integrated and can therefore be run as a whole [to cut cost],” South China Brokerage analyst Ben Yang said.

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TNT China to launch Database Project Jan 2006

Posted by | Nov 24, 2005 | |

The Chinese postal service business of Dutch mail and logistics company TNT NV said on November 24, 2005 it would expand its activities from January 1, 2006 through the launch of a data collection programme, aimed at servicing advertisers and investors. TNT China’s postal service division will collect data for advertisers in the large Chinese cities of Beijing, Guangzhou and Shenzhen. TNT has already started earlier in 2005 a data collection project in Shanghai.

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