Tag: Courier/Express/Parcels

FedEx plans to add more India flights

Posted by | Jun 15, 2007 | |

FedEx will increase flights to India in response to growing demand as the country’s air express and cargo markets take off, a senior executive said.

The US integrator expects manufacturing industries such as cars, telecoms and pharmaceuticals to grow in India, foresees rising demand for consumer goods, and believes that improved transport infrastructure will boost the express sector, Michael Mühlberger, FedEx vice president operations Central and Eastern Europe, told the Air Cargo Europe conference at the Transport Logistic fair in Munich this week.

Mühlberger pointed out that poor road connections were playing a role in driving the domestic air express market, but even as road infrastructure improved, air express flights would remain necessary to the distances between the sub-continent’s economic centres.

Ram Menen, head of Emirates Cargo, told the conference that Dubai and Singapore would continue to act as air cargo gateways to India in the future with multiple services to Indian cities due to the poor condition and insufficient capacity of the country’s road and air infrastructure. The USD 14 billion Indian logistics market is growing at about 7% a year, and had excellent growth prospects due to the country’s strong economic growth and demographic structure, he added.

Tom Hoang, Boeing regional director, said that Europe, the Far East and the Middle East were the main air cargo import and export destinations for India. The Indian domestic air cargo market would grow at about 9% a year over the next 20 years, he predicted.

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FedEx unveils new Canadian headquarters, service center

Posted by | Jun 15, 2007 | |

FedEx Freight Canada, unveiled on Thursday its Canadian headquarters as part of an aggressive growth plan.

FedEx Freight Canada also officially unveiled a 48-dock Toronto service center.

“This new facility establishes a strong base from which FedEx Freight Canada will quickly expand its operations across the country,” FedEx Freight Canada vice president and general manager Grant Crawford said in a statement. “From British Columbia to Nova Scotia, we offer (less-than-truckload) customers the service excellence and reliability they’ve come to expect from the FedEx brand.”

FedEx Freight Canada began operations in February offering less-than-truckload and cargo services both within Canada and across the U.S. border.

The subsidiary of the Memphis-based shipping and package service was created from an acquisition last year of Watkins Motor Lines and Watkins Canada Express.

FedEx Freight Canada already operates pickup and delivery services in Vancouver, Winnipeg, Calgary, Montreal and London, Ontario, with plans to add service centers in Ottawa, Cambridge, Edmonton, Halifax and Quebec City.

FedEx Freight Canada also plans to expand facilities in Winnipeg and Calgary.

The corporation already operated a Canadian small package delivery service not related with its freight division.

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Deutsche Post rumored to buy Sinotrans joint venture

Posted by | Jun 15, 2007 | |

Reports from the Xinhua news agency suggest that Deutsche Post World Net is moving to buy out Sinotrans from its Exel-Sinotrans Freight Forwarding joint venture. The reports cite the CEO of Sinotrans indicating in April that he would be interested in selling the Chinese logistics company’s stake in the joint venture.

The reports also quote the president of DHL China and South Korea as saying that the DHL is in negotiations with Sinotrans about the holding, but that a deal has not been reached.

DPWN already owns 50% of the business which has revenues of more than €300m.

Exel-Sinotrans was established before DPWN bought Exel. Although it is described as a freight forwarder, it aims to offer a complete suite of logistics services including contract logistics. It focus is orientated towards southern China and serving traffic between Hong Kong and the Pearl River Delta.

Sinotrans is at present engaged in complex manoeuvres to restructure its capital base and to re-align its corporate strategy. It is moving much of its assets into companies quoted on the Hong Kong stock exchange in order to raise capital and be less reliant on loans from state banks.

DHL has announced a string of investments in China both for its logistics business and its Express operations. It now has wholly owned Express operations, but its logistics businesses are a mixture of wholly owned companies and joint-ventures. Of the latter its Danzas-ZF Freight forwarder is probably the most important.

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First group extends Royal Mail contract to move mail by rail until 2010

Posted by | Jun 15, 2007 | |

FirstGroup-owned rail freight company FirstGBRf said it has extended its contract with Royal Mail to transport post until 2010.

The deal will see the freight haulier move more than 1 million items a day on two return services between Willesden in London, Warrington and Wishaw in Scotland.

FirstGBRf started carrying post for Royal Mail at the end of 2004, marking a return to the railways for the postal service following the end of its contract with previous postal train operator English, Welsh & Scottish Railway due to a disagreement over costs.

FirstGBRf did not disclose the value of the contract.

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Poste Italiane's long-term issuer credit rating upgraded to 'A'

Posted by | Jun 14, 2007 | |

Standard & Poor’s Ratings Services said it has raised its long-term issuer credit rating on Italian Poste Italiane Group (Poste) to ‘A’ from ‘A-‘, reflecting Poste’s increasing orientation toward commercial activities.

The ratings agency also affirmed its ‘A-1′ short-term issuer credit rating on Poste, and added the outlook is stable.

The ratings reflect Poste’s strong state backing due to the group’s social importance and its economic role in the domestic market, the state’s grandfathering of almost all Poste’s financial debt, and Poste’s gradually improving stand-alone creditworthiness,’ S&P credit analyst Myriam Fernandez de Heredia said.

S&P said the ratings remain burdened, however, by Poste’s financial profile, and by uncertainties around the envisaged market liberalisation, which may result in a more competitive environment.

It added a weakening of the state’s support, along with a deterioration of the group’s financial profile, could put the ratings under pressure, but this is unlikely in the next 2-3 years.

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