Major parcel delivery company Yamato Transport Co. said Tuesday it expects its group net profit in the year to next March will rise 12.0 pct from the previous year to 30.8 billion yen, thanks to cost cutting. Sales are projected to rise 3.2 pct to 962 billion yen, as the company’s efforts to broaden its customer base and to gain orders online are beginning to bear fruit.
Read MoreThe Board of Directors of UPS (NYSE:UPS) opened its regular quarterly meeting today in China, marking the first time the group has formally met at a site in the increasingly important Asia Pacific Region. UPS recently announced plans to open 20 new representative offices in China by the end of 2003 and in the past month, opened three offices in the eastern cities of Xiamen, Shenzhen and Qingdao.
Read MoreDHL announced recently that they would prompt the business development in China by means of brand promotion. It expected to enhance commercial development and competitiveness of the company. With this new market orientation and value, DHL expected to maintain its leading position in the large potential and competitive market in China.
Read MoreChina will make effort to promote its postal service so that it is more market-oriented while ensuring universal postal service, according to Liu Andong, Deputy Postmaster General of State Post Bureau of China here Tuesday
Read MoreSingapore Posts postal service SingPost has bought the remaining 29% in dropbox firm First Cube, making it the sole owner of the company. SinPost paid about S$474,000 for the stake and said the acquisition would allow it to integrate First Cubes infrastructure operations into its own business.
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