Tag: China

DHL prepares for next decade with USD850m Asian plan

Posted by | Oct 7, 2005 | |

DHL, Asia’s biggest express operator by sales, is to double the size of its parcel handling centre at the airport as part of an USD850 million expansion which the carrier expects to satisfy demand for the next decade.

The expansion, to be completed by 2007, will build in a higher level of automation at its Central Asia hub, increasing the speed at which the European express firm can process the millions of packages it handles each year in Hong Kong.

“The expansion will create the first fully automated facility of its size in the Asia-Pacific region,” said Scott Price, chief executive (Asia-Pacific) for DHL Express. “It will be built to handle our projections of 90 million shipments a year by 2015 and should satisfy the capacity needs of even our most aggressive growth scenario. It is a long-term commitment to the Hong Kong area.”

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China Railway Express to Incorporate Railway Parcel Express

Posted by | Oct 7, 2005 | |

A source from China Railway Express Co., Ltd. said that it would complete incorporation with China Railway Parcel Express Co., Ltd. within this year.

The incorporated company will be still named China Railway Express Co., Ltd. with a registered capital of CNY 2 billion. China Railway Express wants to obtain revenues of CNY 6 billion in 2006.

China Railway Express and China Railway Parcel Express are transportation companies under the lead of the Ministry of Railways of China. China Railway Parcel Express is controlled by 15 shareholders and China Railway Foreign Service Corp. takes a 51percent stake and Harbin Railway Bureau, Shenyang Railway Bureau, Beijing Railway Bureau, and Guangzhou Railway Group Corp. hold the rest 49percent.

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DHL plans USD100M Hong Kong expansion

Posted by | Oct 4, 2005 | |

DHL International plans to double its express cargo terminal capacity at Chek Lap Kok with a new USD100 million (HKD780 million) building to deal with the relentless stream of high-value manufactured goods from factories in Guangdong. DHL, owned by Deutsche Post World Net, plans to build another terminal close to its existing express cargo terminal which was awarded by Airport Authority’s franchise in 2002. The original plan was to expand to three terminals over an 11- or 12-year period. “We’re full,” said Kelvin Leung, DHL’s regional vice president. “We had envisioned a three-phase expansion of the hub, but the second two phases will be rolled into one now. ” The existing terminal’s peak handling capacity is about 20,000 shipments per hour, with plans to raise that to 45,000 by 2018 once all three phases are completed. The existing terminal handled about 440 tonnes per day in 2004, with an ultimate capacity of 900 tonnes per day expected by 2014. The new terminal will be of similar size to the existing 18,200-square-meter terminal, with building costs not expected to exceed USD100 million investment, Leung said.

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Logistics giant DHL scaling up investment in China

Posted by | Sep 30, 2005 | |

DHL is scaling up its investment in the Asia’s second biggest economy China. As the first global express giant entering the nation, DHL is confident in this promising market. In recent years, DHL has seen its businesses grow there at an annual rate of 35% to 45%, and the figure was even as high as 50% to 60% in 2004, said Wu Dongming, managing director of DHL-Sinotrans, a joint venture of DHL and Sinotrans. In 2003, the company announced a plan to invest USD 200 million in five years there, and the ambitious plan is now going on smoothly, according to the managing director.

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Fedex opens 5 additional branches in China’s Guangdong province

Posted by | Sep 19, 2005 | |

Fedex Corp said it has opened five additional branches in China’s southern province of Guangdong to further expand its service network in the country. The company said in a statement that the new branches are located in Zhongshan, Foshan, Huizhou, Zhuhai and Jiangmen. Fedex did not provide details on each branch’s operations. The express service provider now has 18 branches in China, including the five new branches, with service to over 200 cities across the country.

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