FedEx Corp, the world’s largest air express transport company, increased revenues from China by an annual 40 percent in the quarter to end-February, but said again it was battling on an uneven playing field.
FedEx, which does not normally divulge sales by country or region, fears government legislation now in the works could impede progress and protect China’s postal monopoly, a senior executive said.
Read MoreFedex Corp said that it is still too early for a complaint to be lodged with the World Trade Organization in the ongoing row between foreign parcel deliverers and China Post. Asia-Pacific president David Cunningham said that the company is working to influence the government as it drafts new legislation governing the postal industry – and the controversial role played by China Post.
‘It needs to play out in China before proceeding to a WTO-type environment,’ he said. The upcoming postal legislation marks the latest twist in an ongoing dispute between the Chinese government and foreign express companies over the extent of market access and the dual role of the postal service as both competitor and regulator.
Parceline has extended the range of items that customers can swap using its one-to-one exchange service, swapit. Items that can be replaced via swapit now include computer monitors, DVD players, vacuum cleaners and telephone handsets. Through Parcelines swapit, the replacement is delivered and the original item collected in one single transaction.
Read MorePortugal’s express industry must be arguably one of Europe’s fastest growing sectors.
The express business has grown 20% annually over the past 8 years to some €111 million in total turnover in 2002 even though it employed just over 1,000 people directly that year, according to a study commissioned by express industry body European Express Association.
Read MoreUPS, the US courier group, plans to open 500 branches of its Mail Boxes subsidiary in Spain in three years. The subsidiary, bought three years ago, specialises in postal services and office and stationery products, and has 4,600 outlets worldwide and 97 in Spain. UPS does not provide its profit and turnover figures in Spain, where it has had a presence since 1990. According to the Spanish companies’ register however, sales in 2002 were 114.5m euros, up 12.37 per cent.
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