Tag: China

TNT and Cosco enter strategic partnership to jointly develop China and Asia Pacific logistics business

Posted by | Nov 14, 2005 | |

Cosco Group together with TNT unveil a strategic partnership, with the formation of a Joint Venture (JV). The announcement is made jointly by Captain Wei Jiafu, President of Cosco Group and Mr Peter Bakker, CEO of TNT. The partnership will enable Cosco to further penetrate into the Asia Pacific logistics market, and it will enable TNT to expand its presence in China as well as its China-linked logistics business. As a first step in this strategic partnership, both industry leaders today signed the Letter of Intent for the establishment of a logistics JV. The JV aims at becoming the world’s recognised leader in supply chain management in the Asia Pacific region. The combined strengths of both companies will create more comprehensive service offerings and geographical coverage to customers. The new 50/50 JV is expected to be operational in 2006.

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FedEx eyes China’s potential logistics market

Posted by | Nov 14, 2005 | |

FedEx Corp is training eager eye on China. Frederick W. Smith, founder, chairman, and CEO of FedEx, said on November 9 that the fast-growing Chinese market draws global attention at present, and the company had achieved great development in recent years thanks to the Asian market, especially China.
Therefore, FedEx aims to expand its business in the potential country. However, it has no intention to set up a wholly owned enterprises but joint ventures in the near future. The US based company plans to set up its Asia Pacific distribution center in the new Baiyun Airport of Guangzhou, and the construction work is expected to be finished by 2008.

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FedEx is set to wholly run its joint venture in China

Posted by | Nov 11, 2005 | |

Federal Express Corporation has reach an agreement with its Chinese partner Tianjin DTW Group Co Ltd. to buy up Federal Express-DTW Co Ltd, a Beijing-based 50-50 express joint venture between both sides, a source disclosed on November 8. The acquisition will be announced at the end of November or the beginning of December, according to the source. After UPS paid up to USD 100 million to end a marriage with Sinotrans Ltd, FedEx is believed to also want a divorce from Tianjin DTW Group because it has long been eager to become a player that wholly owns its operations in China. For now FedEx has two acquisition solutions: to buy a 50% stake in the venture from Tianjin DTW Group or to buy both the stake and DTW Express Co Ltd, a service under its Chinese partner. FedEx inclines to the first one while Tianjin DTW Group to the second one. FedEx wants to buy the stake at a low price in order to gain the venture’s service network in China and not to additionally buy a repeated service network from Tianjin DTW Group, the source said.

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Global mail services seen as new frontier for RFID

Posted by | Nov 10, 2005 | |

Postal and courier mail services are expected to become the second largest market for radio frequency identification item-level tagging following the retail sector, according to a research firm.

The technology already is being deployed at carriers to secure access to vehicles, trailers, and sorting and shipping areas. “We see a strong move toward revamping total postal systems to make it much easier to send and receive the correct package more promptly with better cost and security control,” said Peter Harrop, chairman at research firm IDTechEx on Thursday. “That is why Arabia is rolling out smart post boxes, and Korea is looking to change its receiving and shipment to a holistic system with near real-time traceability.”

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TNT links China to Europe with two Boeing 747-400ERFs

Posted by | Oct 31, 2005 | |

TNT N.V. today announced that its Express Division will lease two B747-400ERF freighters to start up a new direct service between Europe and China in 2006.
The 100 tonnes capacity aircraft will be leased for a period of ten years from the US-based aircraft leasing company Guggenheim Aviation Partners and will provide TNT with its own dedicated capacity between China and Europe. Two years ago, TNT successfully launched its Integrated Direct Express (IDE) service between China and Europe in response to the rapid growth of its global high-tech client base. And TNT is now able to offer its clients up to 1,000 to 1,250 tonne of dedicated controlled air linehaul capacity per week, connecting TNT’s European hub with the main gateways in China.

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