U-Freight: A stake in China
The globally operating US transport and logistics group U-Freight has acquired a 50% stake in Shanghai Rijin International Freight Co. Ltd., thereby strengthening its presence in China.
Read MoreThe globally operating US transport and logistics group U-Freight has acquired a 50% stake in Shanghai Rijin International Freight Co. Ltd., thereby strengthening its presence in China.
Read MoreChen Jialiang, the CEO of FedEx in China and Asian-Pacific Region said recently that they would transfer their headquarter from HK to Beijing in Feb. this year, which marked that FedEx attached more importance to the Chinese market than ever.
Read MoreDHL-Sinotrans Ltd, a unit of DHL World wide Express, a leading international express delivery company, launches two new products recently.
Industry analysts predict the move will sharpen the already cutthroat competition in China’s delivery services market.
They said the two products, Jumbo Box and Jumbo Junior, are 40 to 50 percent cheaper than similar services provided by Chinese deliverers and those in the European and US markets.
Chinas postal sector has ended decades of profit loss by recording profits of about JPY160 million for September 2001 said the head of its State Post Bureau, Liu Liqing
Read MorePresentation of the postal markets in Asia. Countries explored are China, Hong Kong, Japan, Korea, Philippines, Taiwan, Thailand, Vietnam.
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