Tag: Asia

Blue Dart arm sale cleared

Posted by | Nov 23, 2004 | |

Following DHL Worldwide’s proposal to acquire 68 per cent equity stake in Blue Dart Express, the company is hiving off its aviation business into a separate entity to avoid violation of foreign equity investment norms. According to foreign equity participation norms, foreign airlines are not permitted to pick up equity, directly or indirectly, in domestic air transport services. Courier and express company Blue Dart Express has approved the sale of its 100 per cent subsidiary Blue Dart Aviation to its promoters Tushar Jani and Khushroo Dubash.

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Multinational express companies aim at Shanghai

Posted by | Nov 22, 2004 | |

Latest Customs’ statistics show that Shanghai has become an air express (AXPS) hub in China, and even in Asia and the Pacific region. Multinational express companies are one after another increasing their investment and shifting their regional business focus to Shanghai.

Shanghai is an aviation hub port and a leading city in the development of the Yangtze River Delta area. Since this year, the amount of both inbound and outbound express delivery handled by Shanghai Port has grown over 50 percent over the same period of 2003, and the port even ranked first in China in terms of amount of air express handled, which had reached 8 million pieces by the end of September this year.

The world’s largest express operator, UPS of the United States, after shifting its Grand-China-Area headquarter from Hong Kong to Shanghai, plans to construct an Asia-Pacific area transshipment center in Shanghai, and then centering on Shanghai, to develop international through express business in Qingdao, Guangzhou and Xiamen. Several other international express giants, including DHL and TNT, are also planning such operation system in China.

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FedEx seeks approval for 100% arm in India

Posted by | Nov 18, 2004 | |

As if in a response to DHL Express acquisition of Blue Dart – which gave the German courier & express company a foothold of the domestic express cargo – Federal Express (FedEx) has now approached the government to set up a wholly-owned subsidiary in the country. This signals FedEx entry into the domestic express cargo segment, which has so far been a reserve for home-grown courier companies. As of now, FedEx operates in India as cargo airline which limits its role to airlifting of carrying export and import cargo from international airports. For domestic pick and delivery, it has enter into an arrangement with a clutch of domestic door-to-door express cargo companies. As a spin off, having a subsidiary in the country will also make it easier for the US express major to expand its footprint in the domestic market by acquiring domestic companies.

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FedEx to expand Kinko’s in Asia, posts China boom

Posted by | Nov 17, 2004 | |

FedEx Corp. is posting explosive growth in China and now plans to expand its Kinko’s copy-chain across Asia, a senior executive said on Wednesday. FedEx, which vies with Deutsche Post’s DHL Express and United Parcel Service Inc in the global courier arena, is trying to muscle in on an insular sector that it says could one day be the world’s top cargo market. Analysts estimate it could be worth USD1.5 billion annually. FedEx’s delivery volumes in China grew 52 percent in the quarter ended Aug. 31, said David Cunningham, FedEx’s Asia Pacific president. He did not elaborate. The US firm does not divulge sales by country or region. Now FedEx also wants to pump up the number of Kinko’s outlets in Asia to incorporate it into its global courier network and bring in more customers.

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Four Japan Post spinoffs projected to be in black in FY 2008

Posted by | Nov 16, 2004 | |

The government projects that the four entities that will take over mail delivery, postal savings, postal insurance and post office network management from Japan Post after its privatization starting in fiscal 2007 will all be in the black in fiscal 2008, government sources said Tuesday. The government’s preparatory office for postal privatization projects that only the postal insurance company will be in the red in fiscal 2007, when the 10-year privatization process begins, they said. The office is scheduled to report its 10-year projections of earnings by the four units from fiscal 2007 at a meeting of experts to be held Wednesday, the sources said.

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