United Parcel Service Inc has reached an agreement to buy out Yamato Transport Co, Japan’s largest door-to-door parcel delivery service, from their Japan joint venture, as the US firm moves to develop its own delivery network.
UPS will buy Yamato’s 49 pct stake in UPS Yamato Express Co by the end of March at an undisclosed price, turning the joint venture into a wholly owned subsidiary.
Read MoreBrussels International Airport Company (BIAC) has refuted claims from environmental and residents’ groups that it has overstated the benefits of DHL’s planned expansion.
DHL expects its European hub to be handling 781,000 tonnes by 2012, compared with 312,000 tonnes today. There would be 4,200 extra staff at an expanded hub, compared with a loss of 3,900 jobs if Brussels was only a sub-hub, BIAC has claimed.
“DHL relocation would significantly affect the airline companies as they carry almost 30% of the parcels forwarded by DHL, ” BIAC said.
Extrapolated figures on DHL’s likely future contribution to the Belgian economy and the growth in airport-related economic activity and indirect employment have angered interest groups, but BIAC has accused them of slander.
Read MoreHellmann and Stinnes forge intermodal cooperation
Read MoreWith a gleaming new sign out front and more small packages than ever coming through his doors, these should be the best of times for UPS Store owner John Kelley.
But a blizzard of boxes in December — the peak holiday shipping month — masked what Kelley says is a troubling fact for him and some other UPS Store owners: The franchises are less profitable now than when UPS bought their parent company in 2001.
The problem for UPS Store owners, however, is that UPS capped store shipping rates — a boon for consumers who get lower prices but a hardship for store owners accustomed to steep markups.
Read MoreThe ‘remarkably close partnership’ between Lynx Express and its customer, fork lift truck manufacturer the Jungheinrich Group, has been singled out for praise in helping the German company win two major categories in the European Supply Chain Excellence Awards.
Jungheinrich took the award in the Engineering and General Manufacturing category and capped this success by being awarded the Overall Winner of the 2003 Awards.
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