Tag: Courier/Express/Parcels

Top Korean express firm up for sale

Posted by | Oct 28, 2007 | |

Korea Express, one of the leading express firms in South Korea, could gain a new owner within the next few months. A deal could reportedly be worth as much as EUR 1.4 billion.

The company, which has been in financial receivership since 2000 due to heavy debts, said it has gained court permission for a major capital increase enabling it to issue new shares representing an overall 60 pct holding.

Reuters news agency, giving the company’s market valuation as 1.6 trillion won (EUR 1.1 billion) reported that analysts said the sale could raise up to two trillion won (EUR 1.4 billion). It cited a spokesman as saying the shares would be issued once a buyer had been found.

Korean newspaper Hankyoreh said potential buyers had until December 11 to submit bids and could carry out due diligence until January 4. A preferred bidder would be selected in mid-January and a deal sealed in late February. The sale is being handled by a Merrill Lynch-led consortium.

The company’s major shareholders include Goldman Sachs, Korean financial institutes and shipping firm STX. Media speculation focused on Korean companies as the likely bidders.

Korea Express offers a broad range of freight transport and logistics services, including domestic parcel delivery.

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Mory Group strengthens its positions in North Africa

Posted by | Oct 27, 2007 | |

In order to strengthen its position in North Africa, Mory Group –which is already managing a logistics warehouse in Tunisia- just opened a new warehouse located in Casablanca, Morocco.

The Governor of the Moroccan King as well as numerous local officials was there, in order to inaugurate with the CEO Alain Beau, on the 14th of June, this new tool which is at the state of the art.

It is a real bet on future that is done today, which becomes reality trough the opening of additional 10,000 square meters. This customs-friendly warehouse allows Mory Group to offer its customers (from the textile industry, as well as pharmaceutical and automotive ones) services such as accustoming, transit and goods moving.

Mory Group thus offers its customers, through its Mory LDI subsidiary, a global offer, in the scope of an integrated network, which will guarantee to pursue the 30 to 40 pct growth from latest years.

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Mory Group sets up in Asia

Posted by | Oct 27, 2007 | |

Mory Group strengthens its positioning as a major player in Overseas transportation, by being now settled in Hong Kong, Shanghai and Ningbo.

With common activities of Sea Freight and Air Freight, the Mory Overseas Asia offices also offer you logistics services as well as extra-services (purchase / sale of textile quotas, managed by the Hong Kong office, which is also an accountant centre Hkg / China), and guarantee you an optimal service level (Class A International license).

Mory Overseas Asia also provides you the physical presence of professionals and experts, who perfectly know the cultural and administrative habits of each country, in each of our offices.

You hence have the guarantee that each transportation order is managed by a known contact, who has the expertise of his sector, and who is available and reachable at any time.

Finally, Mory Overseas Asia gathers a whole network of Agents in China, in the main ports and airports.

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FedEx increases overnight prices

Posted by | Oct 27, 2007 | |

The price of sending a FedEx package overnight will take its biggest leap since 2001 when new prices go into effect in early January.

The customers who will notice it most are small businesses and walk-up customers at FedEx Kinko’s who don’t get contract discounts.

FedEx announced a 4.9 percent increase Friday on packages shipping overnight within the United States and to foreign countries.

“These rate increases will allow FedEx to continue making the necessary investments in our business so we can continue to give our customers a superior shipping service,” said FedEx executive Mike Glenn.

Increases and fuel surcharges for FedEx Ground will be announced later.

The company also said customers exporting goods to the United States will pay U.S. dollar rates, removing the uncertainties caused by currency fluctuations.

The hike was higher than analysts expected. Morgan Stanley said it signals that customers are still willing to pay a premium for overnight delivery despite a tide of rising economic concerns.

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FedEx Kinko's Opening 2 More Stores in China

Posted by | Oct 26, 2007 | |

FedEx Kinko’s under the wing of the global express delivery giant FedEx announced on October 24 the establishment of two new stores in Shanghai, Eastern China.

The number of its stores in China has been driven up to 17 now. Another nine stores are scheduled to start service before June 2008 in order to meet the increasing needs of small and midsize corporate customers, James Brigance, vice president responsible for FedEx Kinko’s operations in Asia Pacific, disclosed in an interview.

FedEx Kinko’s has been mainly engaged in the provision of package/envelope and office/print services since it marched into the world’s fastest growing economy in 1997.

Previously, it cast its eye mostly to multinationals, acknowledged the vice president. But its target customers have gradually changed with a spate of small and midsize companies in the country.

Currently, FedEx Kinko’s is focusing on small and midsize companies, whose demand is on the surge these days, the vice president noted.

UPS has also attached great importance to small and midsize corporate users. As early as last August, it set up two UPS Express stores in the Far Eastern metropolis of Shanghai, the first of their kind in China.

The stores, with a simplified delivery procedure, have reportedly offered a full range of shipping options for international shipments, including UPS worldwide express plus, UPS worldwide express, UPS 10-kg box delivery services, and UPS 25-kg box delivery services, in addition to professional consulting services.

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