Tag: Courier/Express/Parcels

Japan Post in talks for comprehensive tie-up with China Post

Posted by | Jul 10, 2007 | |

Japan Post is in the final stages of talks to form a comprehensive business tie-up with China Post, the Nikkei business daily reported Tuesday.

Japan Post President Yoshifumi Nishikawa was scheduled to meet his China Post counterpart Liu Andong in Beijing today with the aim of signing a memorandum of understanding on the deal, the report said in its evening edition, citing sources familiar with the matter.

If a deal is signed, it will be Japan Post’s first comprehensive alliance with a major overseas postal service provider or shipping company. The public corporation is to be privatized in October, splitting into four different entities, including a postal delivery unit.

As a first step under the planned alliance with China Post, Japan Post will increase the weight limit for its Express Mail Service — an international delivery service for letters and packages — by 10-20 kilograms from the current 30 kilograms, the Nikkei said.

It will also expand the areas of next-day delivery from Shanghai at present, to Beijing and other major cities, the daily said.

Japan Post is also considering acquiring a stake in a distribution subsidiary of China Post or creating a new joint venture for such operations, the report said.

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Courier service introduced by New Zealand Post

Posted by | Jul 10, 2007 | |

A Courier service introduced by New Zealand Post looks set to boost trans-Tasman air cargo and to increase traffic on several other routes. The new product has been developed in response to the boom in internet trading and recognizes that some customers are not in a rip-roaring hurry to receive their consignments.

Called International Economy Courier, it offers a rate discount of around 30 per cent on equivalent premium services.

Consignments from New Zealand are delivered to Australian customers in two to three days and to those in 10 other countries within a maximum of six days at the greatest geographic reach.

Studies by the Nielsen research group had shown that many parcels and documents “don’t have to be on someone’s desk in Sydney the next day,” she said. “The Nielsen research showed that many organizations — particularly exporters – would be more than happy for a parcel to take two to three days to cross the Tasman if it meant they’d make big cost savings.”

Kernot explained that New Zealand Post wanted to fill “a major hole in the market – between the low cost international mail services and the high-cost courier services offered by most international courier companies”.

A key factor in developing the economy product was, she said, the “astonishing number” of people in other countries buying products from New Zealand websites. This includes both innovative commercial traders and the hyper-active TradeMe online auction house which is now Australian-owned.

Kernot compared the NZD 53.75 (GBP 20.75) charge for a 5 kg package sent from New Zealand to Sydney using the new product with the NZD 76.79 (GBP 29.71) cost of utilizing the company’s premium product.

Other countries covered by the economy service are Canada, China, Hong Kong, Japan, Singapore, South Korea, Taiwan, the United States, Ireland and the UK.

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Air Canada drops Shanghai service

Posted by | Jul 9, 2007 | |

China’s boomtown has turned sour for Air Canada Cargo. At the end of June, the airline returned a leased MD-11 freighter to World Airways and scrapped its all-cargo flights between Shanghai and Toronto.

Withdrawing the all-cargo service marks the culmination of Air Canada’s retrenchment on the Pacific. The airline launched Shanghai freighter service in spring 2005 with two leased MD-11s, operating five days a week between the Chinese city and Toronto. Last October, however, the disappointing peak season prompted management to return one MD-11 to World and scale back the other two to three flights a week.

This April brought another step back from Air Canada’s Asian ambitions when the carrier canceled an order for two 777 cargo aircraft. Scheduled for delivery in the second half of 2009, those planes were earmarked mostly for trans-Pacific operations.

A major reason has been the increase in freighter operations between Shanghai and North America. U.S. carriers Polar Air Cargo, UPS and FedEx have used new traffic rights this year to step up their Shanghai flights. Moreover, Chinese carriers are increasingly targeting the North American market.

Since last fall, Shanghai Airlines and Yangtze River Express commenced U.S. flights with 747 freighters, and Jade Air Cargo is poised to start a 747-400 freighter operation from Shenzhen through Shanghai to Vancouver and Houston this month.

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FedEx could lure private equity interest

Posted by | Jul 9, 2007 | |

FedEx Corp. could become a target for private equity buyers because of its modest valuation and turnaround potential, Barron’s reported in its July 9 issue.

With an enterprise value of USD 35 billion, FedEx is valued at about six times expected fiscal 2008 earnings before interest, taxes, depreciation and amortization, or Ebitda.

The attraction for buyout firms would be the potential to cut capital expenditures to help finance a deal as well as the opportunity to turn around ailing retail unit FedEx Kinko’s.

Even without a buyout, which Barron’s said may not be imminent or even likely, FedEx shares should perform fine on their own, the investor weekly said.

FedEx shares, which are essentially flat this year, closed on Friday at USD 110.84.

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DHL’s new ‘A.M.ERICA Campaign’ promotes speedy delivery between Japan and America

Posted by | Jul 9, 2007 | |

DHL launched its ‘A.M.ERICA Campaign’ to promote the advantages of using DHL for deliveries between Japan and America.

The campaign seeks to raise awareness of the convenience and quality of DHL services from Japan to America, which include timely next-morning delivery to major U.S. cities. The campaign will be launched via newspapers, magazines, and the Internet, focusing on the catchphrase “A.M.ERICA”- a combination of “A.M.” and “America.” Conducted in conjunction with the ‘A.M.ERICA Campaign’ will be an prize campaign offering customers the chance to win a trip to this year’s National Basketball Association (NBA) All-Star Game in New Orleans. In May this year, DHL concluded a logistics partner agreement with the NBA covering Asia Pacific region.

In response to sharply increasing demand for air cargo transport between America and Asia, DHL has invested in excess of US$1.2 billion since 2004 to reinforce its American infrastructure, opening new air and ground hubs and expanding existing facilities.

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