The finance ministry has cleared a proposal by Deutsche Post World Net AG’s DHL Express Singapore Pte Ltd and the Netherland’s Newfield Holdings to buy up to 100 pct equity in India’s Blue Dart Express courier company. A government statement said the two companies would invest 5.66 bln rupees or 130 mln usd in Blue Dart Express. It did not give any details of the split between Newfield and DHL.
Read MoreThe parcel delivery business of convenience store operator Lawson Inc increased by a third in the first month since teaming up with Japan Post, Kyodo News reported. The number of parcels handled at Lawson’s 7,900 outlets nationwide between November 18 and December 17 totaled about 765,000, with each outlet handling an average of 3.2 per day, up from 2.4 the preceding month, Kyodo reported, citing data provided jointly by Lawson and the state-run postal service. The volume was up 12.7 pct from a year earlier, it said.
Read MorePos Malaysia & Services Holdings Bhd is setting up strategic alliances with private logistics and postal companies in East Asia to tap into the region’s courier market worth an estimated USD1.2 billion (RM4.56 billion) a year, says group managing director Datuk Ikmal Hijaz Hashim. He said the company had identified its potential partners and hoped to seal the alliances and begin transporting packages for them in the first half of 2005. “We are currently looking at Thailand, South Korea, China and Hong Kong,” he said after the company’s EGM in Kuala Lumpur on Dec 16.
Read MoreA committee to monitor four entities to be created by privatizing the state-backed Japan Post will be given various powers including advising Cabinet ministers, government sources said Monday. The committee, whose chairman will be appointed by the prime minister, will be placed under the privatization promotion headquarters consisting of all Cabinet ministers, they said. The committee will consist of several people with expertise and will begin its 10-year work in April 2007. The government intends to include the establishment of the committee in legislation for the privatization of postal services it will present to the ordinary Diet session to be convened in January.
Read MoreUPS today announced an agreement with Sinotrans to take direct control of its international express operations in China’s largest and most important cities by the end of 2005. The agreement, signed on Dec 1, requires a payment of USD100 million by UPS for the transfer of operations in 23 cities across China. Operations in those 23 business centers extend service to an additional 200 cities, which account for more than 80 percent of China’s gross domestic product. Starting in January of 2005, UPS will take direct control of operations in five locations: Shanghai, Guangzhou, Shenzhen, Tianjin and Qingdao. By December 2005, UPS will assume control over its express operations in 18 additional locations, and have a total of 1,700 employees.
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