Tag: China

TNT in advanced negotiations to acquire Hoau, China’s leading domestic freight & parcels operator

Posted by | Dec 7, 2005 | |

TNT announced today it is in the process of acquiring China’s leading freight and parcels transportation operator, Hoau Logistics Group, based in Heilongjiang. The deal is expected to be completed in the course of next year. Both companies have signed a Letter of Intent for this purpose. Through this acquisition, TNT will become the largest privately owned transportation network for freight and parcels in China. TNT already operates the largest distribution infrastructure in China with 140 operating facilities, covering 2.4 million square metres of warehouse space across 600 cities.

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TNT launches Asia road express service

Posted by | Dec 1, 2005 | |

TNT yesterday launched an Asia road express service which by 2007 will be able to truck small cargo from Singapore to Chinese cities. The new service may also see shippers beginning to opt out of both sea and air freight for some cargo with a more cost effective road transport option. This may result in some losses for both shipping lines and airfreight operators in Asia but TNT, however, sees the service as complementing the region’s well developed air and sea freight routes with the potential of significantly cutting logistics costs for businesses. It has launched what is claimed to be Asia’s first and only integrated network spanning Singapore, Malaysia and Thailand, and plans to expand it to link up more than 120 cities across 4,000 kilometres when Vietnam and Cambodia are added in the first half of next year. The global express forwarder hopes to extend the road links eventually to China by 2007.

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China’s Sinotrans to buy stake in local courier for 360 mln yuan

Posted by | Nov 28, 2005 | |

Sinotrans Air Transportation Development Co Ltd (SHA 600270) is expected to acquire a controlling 51 pct stake in Shanghai STO Express Co Ltd for 360 mln yuan, The Economic Observer reported. The newspaper cited unnamed sources as saying that the two companies have signed an agreement which is pending approval by the State-owned Assets Supervision and Administration Commission.
Officials at both companies declined to comment.

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Sinotrans in logistics push as express business wanes

Posted by | Nov 25, 2005 | |

Sinotrans, China’s largest freight forwarder, plans to spend HK$800 million to HK$1 billion annually over the next three years to strengthen its logistic business as margins of its express business have been shrinking.

Sinotrans’ management said it expects to establish regional logistics services centers in Shanghai, Qingdao, Tianjing and Nansha. The company currently doesn’t run any such center. Sinotrans also plans to use more than 50 percent of the planned investment for storage, warehouse facilities and terminal services, analysts said.

“Unlike the express business, the company’s other logistics businesses are more integrated and can therefore be run as a whole [to cut cost],” South China Brokerage analyst Ben Yang said.

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TNT China to launch Database Project Jan 2006

Posted by | Nov 24, 2005 | |

The Chinese postal service business of Dutch mail and logistics company TNT NV said on November 24, 2005 it would expand its activities from January 1, 2006 through the launch of a data collection programme, aimed at servicing advertisers and investors. TNT China’s postal service division will collect data for advertisers in the large Chinese cities of Beijing, Guangzhou and Shenzhen. TNT has already started earlier in 2005 a data collection project in Shanghai.

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