Tag: China

TNT eyes new mail, express partnerships with China

Posted by | Sep 15, 2005 | |

TNT NV said it hopes to expand its express parcel services with China Post and develop a new partnership in its mail division to service a planned national direct marketing operation. TNT chief executive officer Peter Bakker told XFN-Asia that he believes that express or parcel freight operations have the greatest growth potential in China for the Dutch company, which provides logistics, express and mail services. ‘The biggest opportunity will be in express operations, the parcel freight operations,’ he said in an interview, predicting it will eventually overtake the firm’s current business leader — logistics – in importance. TNT’s express service in China was a stand-out performer in the group’s interim results for the second quarter 2005, growing at over 27 pct compared to 12.8 pct recorded for express services across the rest of the world excluding Europe. Bakker said that until now the company has not had its own international parcel service for China.

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PWC Buys GeoLogistics

Posted by | Sep 12, 2005 | |

PWC Logistics strengthened its position in the Middle East with the USD454 million acquisition of global freight forwarder and third-party logistics provider GeoLogistics of Santa Clara, Calif. GeoLogistics will continue to operate under its own name as a wholly owned subsidiary of Kuwait-based PWC. Senior management will remain in place. “Freight forwarding is a service that will continue to grow at impressive rates and one where strong market participants will continue to distance themselves from their midsize competitors,” said PWC Chairman Tarek Sultan. “GeoLogistics will significantly increase PWC Logistics’ global forwarding capabilities, especially within, to and from the Middle East.” It’s PWC’s third acquisition of 2005.

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TNT accelerates its China business

Posted by | Sep 8, 2005 | |

TNT logistics supply chain solutions and mail services, is to adopt a cooperation form to expand its service network in Mainland instead of a franchise form it announced at the end of 2004, a source said on September 4.
Indeed, its previous franchise development plan has been replaced by the alliance-based cooperation development plan, according to the TNT headquarters.
The company changed the earlier plan because there has not yet been a franchise act in the mainland, an executive at the cooperation development division of TNT told reporters. For the moment, scores of Chinese agents are responsible for TNT’s China express business and its 25 branch companies for its international express business. In the cooperation form, its Chinese partners operate under the TNT brand and their sales rely on TNT, while its Chinese agents do not operate under brand in the franchise form and just take some fees.

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FedEx First to launch overnight delivery from India to China

Posted by | Sep 7, 2005 | |

FedEx Express today announced the launch of a new flight offering the first overnight express link between India and China. The flight is part of a new eastbound around the world route–connecting Europe, India, China and Japan with the FedEx U.S. hub in Memphis–that will provide unprecedented access to and from the world’s largest markets. Using a wide-bodied MD-11 freighter, FedEx will double its current capacity between Europe and Asia with the addition of 850,000 pounds per week. “This new route will relieve mounting capacity constraints for international express service across Europe to Asia, especially the two powerhouse economies of India and China,” said Michael L. Ducker, executive vice president-international, FedEx Express. “Furthermore, it is another ‘FedEx first’ as we provide the industry’s first overnight express link between India and China. Our service from Delhi to Shanghai will benefit our customers, whose business is fueling this USD14 billion trade route.”

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FedEx Express likely to set up wholly-owned subsidiary in China

Posted by | Sep 2, 2005 | |

FedEx Express is likely to terminate cooperation with partner Tianjin DTW Group Co., Ltd. in a move to set up its wholly-owned subsidiary in China. An insider close to FedEx Express and DTW Group disclosed that both sides were expected to reach an agreement in the near future. FedEx Express is said to have two schemes to part from DTW Group. FedEx Express will probably pay CNY 100 million for another 50% stake in their joint venture named Federal Express- DTW Co., Ltd., which was formed in Beijing in 1999, or it will spend CNY 240 million to CNY 320 million on the other 50% stake in Federal Express-DTW and the express unit of DTW Group.

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