Tag: Courier/Express/Parcels

Indian courier AFL wants to take to the skies

Indian air express operator AFL plans to launch its own flights in the latest move by specialist companies to cash in on the booming Indian express market, according to reports from India. The express airline would compete with DHL-owned Blue Dart Express, First Flight Couriers and passenger airlines offering freight capacity on domestic routes.
Managing director Cyrus Guzder told online news site Mint that he planned to take a minority share in a new cargo airline that would operate with jet freighters. Capacity would be used by AFL but also rival operators.

“We have received in-principle approval from the government for the venture and will start with two narrow-bodied jets,” Guzder said. “We plan to operate a cargo service that would service the domestic market for time-sensitive cargo in India, doing a round robin of all the six major cities between 10.30pm and dawn, and then fly regional routes to the Gulf and South-East Asia during the day.”

AFL, owned by the Guzder family, had revenues of some eight billion rupees (EUR 145 million) in 2006/07. The company, founded in 1945 and now with some 1,800 employees, is active in air express under the AFL WIZ Express brand and has a freight logistics joint venture with Germany’s Dachser.

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UPS updates sustainability report

UPS today released its fourth annual Corporate Sustainability Report tracking progress on the company’s economic, social and environmental objectives.

The report is based on 2006 data. UPS reports annually on its progress meeting five-year goals for employment, safety, environmental and philanthropic initiatives. UPS was the first company in its industry to issue a sustainability report.

Achievements cited in the new report include:

– Employees contributed nearly 1 million volunteer hours to community projects around the globe.
– UPS achieved one of its safety goals a year ahead of schedule, cutting lost-time injuries by 28 pct last year.
– The company maintains the largest alternative-fuel fleet in the industry and shaved more than 28.5 million miles by using technology to streamline delivery routes.
– UPS recycled more than 2.7 million pounds of electronic equipment from its operations.

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India Post to open forex counters in select metros

Post offices in metros are set for a major change with the Government deciding to introduce new facilities like forex counters, cargo services, access to instant money order and other revenue generating services.

“We have got the license from the RBI to start the foreign exchange business in some post offices in selected metros. We are finalizing the deal which would be operational soon,” S Samant, Chief General Manager, Business Development, Department of Post (DoP), told PTI.

The department is acquiring an Air India flight to operate a dedicated cargo service carrying parcels, mails and couriers to north eastern states which will swift the delivery of mails in the region, Samant said.

The cargo flight would take off from Kolkata every morning and return in the evening after delivering the services at Agratala and Imphal, he said.

The Postal department recently signed and MoU with the Railways to sell train tickets in some of the post offices. Besides, it has undertaken the task of verifying pre-paid mobile subscribers in some areas, Samant said

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FedEx officer sells shares

The President and Chief Executive of a division of package delivery company FedEx Corp. sold 9,800 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, David F. Rebholz reported he sold the shares Tuesday for USD 109 to USD 109.38 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.

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