Tag: China

TNT gears up to ride Asian clinical trial wave

Posted by | Jun 22, 2006 | |

TNT is positioning itself to capitalise on expected 20 per cent annual growth in Asia’s clinical trial market over the next five years.

TNT’s new director of clinical life sciences for Asia, Lim Bee Koong, has been tasked with spearheading TNT’s push. A life sciences industry veteran with more than 10 years experience, Ms Lim will oversee an area that includes China, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand and Vietnam.

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FedEx establishing presence in Sichuan

Posted by | Jun 11, 2006 | |

The Ministry of Commerce has officially approved FedEx to set up a subsidiary in Sichuan province to engage in international express delivery. At the West China Investment Strategy Workshop with Multinationals in Jiuzhaigou in October 2005, FedEx China CEO Tian Changan expressed his confidence in the investment climate of Sichuan province and hope for stronger investment engagement with the province in a bid to extend the industrial chain and to develop modern logistics.

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DHL wins 600 mln usd logistics contract for Chinese nuclear project

Posted by | Jun 8, 2006 | |

DHL Global Forwarding said it will provide transportation services to China Nuclear Power Engineering Company (CNPEC) for the Ling Ao Nuclear Power Station project phase II development in the southern province of Guangdong.

The logistics provider said in a statement that the three year contract, which will be run by its China subsidiary Danzas ZF Freight Agency, is worth over 600 mln usd.

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DHL, FedEx, UPS raise fuel surcharges in China

Posted by | Jun 2, 2006 | |

DHL, FedEx and UPS raise their fuel-related surcharges in China as of June, in a move to offset the increasing operational costs resulting form soaring oil prices in the international market since 2005. DHL-Sinotrans, Brussels-based DHL’s China joint venture, lifted fuel surcharges from 11.5% to 13.5% today, while the two US tycoons FedEx and UPS each announced an increase from 13.5% to a record high of 15%, which will come into effect on June 5. In stark contrast, Express Mail Service (EMS), the express service arm of state-run China Post, did not announce any markup on fuel surcharges or any change in service charges.

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