Tag: China

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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Deutsche Bahn sees future in global freight, logistics arena

Posted by | Sep 26, 2006 | |

Germany might be a country far, far away for most Chinese, but many warehouses and trucks in China’s large cities bear the DB logo of Germany’s state-owned railway operator, Deutsche Bahn AG.

Handling and transporting goods from all over the world is developing into an increasingly important business for the conglomerate.

With the acquisition of the US logistics company Bax Global at the end of last year, the transport firm Schenker, a Deutsche Bahn sister company, has ascended to the top of international freight forwarders and is expected to consolidate its position not only in China.

For Deutsche Bahn chief executive Hartmut Mehdorn, expectations for growth in this transport sector are high and crucial for the company’s planned stock-exchange listing.

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German logistics provider Dachser eyes China market

Posted by | Sep 22, 2006 | |

Leading Germany-based logistics provider Dachser Far East Ltd, a subsidiary of GmbH & Co KG, will add new services to sharpen its competitive edge as part of its five-year development plan in China.

The company said yesterday it had set up a wholly foreign-owned enterprise (WFOE) in Shanghai to monitor its business in North China and is applying for another WFOE based in Shenzhen in South China.

Dachser plans to establish logistics centres in the areas of South China/Pearl River Delta, North and Central China, as well as in Hong Kong, Shanghai, Beijing and Tianjin.

The company also plans to introduce a highly integrated logistics service, Contract Logistics, by 2007. Its Air & Sea logistics service is currently the company’s pillar business in China.

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Postal restructuring shows market is maturing

Posted by | Sep 12, 2006 | |

On September 4, the postal administration was established in four provinces and provincial-level Tianjin. The China Post Group Corp is under preparation. Moreover, banking regulators have nodded approval for the launch of the postal deposit bank.

The move, which splits postal regulation from business in those regions, marks the most substantial postal reform in past years. It has a profound impact on deepening the reform of the sector, and its success will provide valuable lessons for those departments where the regulatory and business functions remain mixed up.

Meanwhile, it also serves as an example for the adjustment of governmental functions, a well-touted idea in current China.

In our maturing financial market, there have been varieties of banking institutions, including domestic banks, share-holding banks and foreign banks. Now the new postal bank will activate the market and help the public enjoy more convenient services. The postal bank, thanks to its far-reaching networks, is able to make full use of its existing advantages to compete with other financial institutions.

The current postal reform, predictably, will have an impact beyond one single department.

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