DHL Worldwide Express intends to expand its operations in the express and logistics market in India. The company has nearly 65% of the express market in India and is growing at the rate of 35%. DHL Worldwide intends to operate out of its own facility in Delhi by Oct 2003 and is planning to set up own facilities in Chennai, Mumbai and Bangalore.
Read MoreBy Thanksgiving, FedEx Ground will announce the location of its Memphis hub, president and CEO Dan Sullivan said. It is the last hub FedEx plans to build by 2005. Six more hubs are slated to be up by 2009, Sullivan said, in an expansion Pittsburgh-based FedEx Ground expects to will cost USD1 billion. This week, FedEx announced the purchase of 96 acres in rural northern Kentucky for a hub that will serve the Cincinnati area. In mid-July, it bought 115 acres in a Hagerstown, Md., business park, well outside the urban centers.
Read MoreLeading B2B carrier TNT Express has announced that it will launch new air linehaul connections between its European Hub in Liège, Belgium and the
Italian cities of Naples and Florence. This expansion brings the number of
airports served by TNT’s European Air Network to 62.
TPG NV unit TNT Express will launch new connections between its European hub in Liege, Belgium, and Naples and Florence in Italy on Sept 9, said Christian Drenthen, managing director of TNT Express Worldwide Networks.
Speaking at a news conference, he said the new routes will bring the number of Italian airports in TNT Express’s network to eight, five more than rival DHL, a unit of Deutsche Post World Net AG, and four more than United Parcel Service Inc.
Read MoreThe French union organisation FO has confirmed that TAT Express, an airmail subsidiary of French national postal services group La Poste, will present plans to cut 500 jobs on September 1 during an extraordinary meeting of the works council. These jobs represent one third of the total workforce. The union says several hundred straight redundancies could take place, and has expressed concern that the plan will jeopardise the company’s survival.
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