After considerable expansion in TNT’s Don Muang Airport operation, Thailand will officially become the fourth country in the company’s Asia network to be granted hub status. The new 24/7 airport operation, opened in February 2003, is dedicated to Express services covering import, export and trans-shipment consignments.
Read MoreDHL, the world’s leading express and logistics company, has won the highly coveted Express and Mail Operator of the Year Award for the second year running and also clinched the IT Innovation Award at the Asia Logistics Award Ceremony held recently in Singapore.
It said in a statement that it outperformed other competitors on the strength of its coverage in the region, its unique understanding of the markets and the outstanding quality of its service.
Read MoreUnited Parcel Service, the world’s largest shipping carrier, reported a nearly 28% jump in third-quarter profit on strong revenue, citing better domestic business, particularly in next-day air volume. The results beat Wall Street expectations.
Atlanta-based UPS said it earned $739 million, or 65 cents a share, for the three months ending Sept. 30, compared with a profit of $578 million, or 51 cents a share, for the same period a year ago.
Read MoreNet income at United Parcel Service jumped 28% in the third quarter to $739 million, up from $578 million a year ago. Revenue was up 7.2% to $8.3 billion, compared with $7.8 billion.
The Atlanta-based logistics provider attributed the gains to a strengthening U.S. package business and record performances by its international and non-package businesses, as well as the sale of its aviation technology business and a favorable tax ruling.
Read MoreFedex Corp, the largest overnight shipping company, will fly to an additional 100 Chinese cities in the next five years as air cargo volume in Asia increases, said Chief Operating Officer Michael Ducker. Air cargo volumes are expanding at 9% a year in Asia compared with 3 percent globally, Ducker said.
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