China Post marches to logistic industry
The State Postal Bureau (China Post) needs to restructure management systems and business operations in order to become a modern logistics provider, industry experts say.
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Post office to deliver express mail to mainland (Taiwan-China)
The Ministry of Transportation and Communications (MOTC) recently
approved for the Directorate General of Posts (DGP) to deliver
express mail on behalf of Chung-hwa Express Co., Ltd. to mainland
China.
FedEx slashes costs amid traffic and earnings fall
Like most aviation and logistics companies around the world, Federal
Express (FedEx), is feeling pressure from the global economic slump. Traffic is down and, with it, earnings.
In the face of this adversity, FedEx is cutting costs. It is
discarding 29 ageing cargo aircraft and trimming expansion plans.
There is also a hiring freeze and employees know enough not to
expect a bonus from the company’s profit-sharing programme at the
year-end. But growth in China has exceeded the company’s expectations.
TNT seeks to soar above Asia rivals in four years
TNT, the Dutch express parcels, logistics and mail company, has
thrown down the gauntlet to arch rivals Federal Express, UPS and DHL
with ambitious plans to be the market leader in Asia by 2005. Ken McCall, TNT Asia chief executive, said the company is aiming for
fourfold growth overall in the next four years. He said that within this overall growth figure, TNT wants to grow
its express business threefold and its logistics business by more
than 10 times by 2005.
K&N acquires Vendor Management Hub business
Kuehne & Nagel has acquired 60% of the Vendor Management business of Rusgen Holding of Canada.
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