Tag: Courier/Express/Parcels

Indian express industry set for sizzling growth

Posted by | Jan 15, 2007 | |

India’s express industry is expected to register a growth of at least 20 per cent per annum during the next five years and more than double its size by 2012, according to a study by rating agency Credit Analysis & Research (CARE). Opening of banking, insurance, retail, aviation and telecom sectors and their penetration to smaller cities would be the major growth driver.

According to CARE, the size of India’s courier industry currently stands at around Rs 7,100 crore and is estimated to have grown at a CAGR of around 33 per cent over the past decade. At its current estimated size, the courier industry is larger than the tea industry and close to the size of paper and shipping industries in India.
The industry is highly fragmented with more than 2500 express players and a few large sized players account more than half of the industry revenues.

The industry contributes more than Rs 1000 crore to the government revenues by way of service tax, income tax and other levies and it offers employment opportunity to about a million people.

Amongst domestic players Blue Dart, DTDC, First Flight and Overnite Express are leading express services companies in India while UPS, FedEx, DHL and TNT are leading international players presence in the country. According to the CARE survey, the industry players earn about 52 per cent of its revenues from document parcels.

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Fedex Israel has inaugurated drop shipments service

Posted by | Jan 15, 2007 | |

The new service which will be offered throughout Fedex global network will focus on multinationals and subcontractors producing products in the Far East and sell them to worldwide distributors

Yossi Aton, Fedex Israel director general announced last week the inauguration a new drop shipment service enabling fast delivery of parcels between countries.

Drop shipment is an arrangement between a business and the manufacturer or distributor of a product the business wishes to sell in which the manufacturer or distributor–and not the business–ships the product to the business’s customers.

Aton added that the new service which will be offered throughout Fedex global network will cater for a large range of businesses and will focus on multinationals and subcontractors producing products in the Far East and sell them to worldwide distributors.

Aton noted that full real time operational as well as financial control over the movement of the parcels is available through Fedex internet web.

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DHL launches WEEE Roadshows

Posted by | Jan 15, 2007 | |

DHL Environmental Compliance Solutions is holding a series of seminars to help businesses get to grips with the new WEEE (waste electrical and electronic equipment) legislation introduced to the UK earlier this month.

The WEEE regulations affect retailers, importers and brand owners of electrical products, forcing them to take responsibility for the safe and responsible treatment of disused electrical products and appliances.

DHL is concerned that while big businesses understand the new regulations and have put processes in place to fulfill their WEEE obligations, many smaller companies have not even heard of the new legislation. And with the 15th March deadline fast approaching for businesses to register with an approved compliance scheme, companies need to act quickly.

DHL is holding free seminars in the UK in nine cities in February and early March.

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Emirates Group Security joins DHL strategic air cargo partnership

Posted by | Jan 13, 2007 | |

As one of DHL’s preferred air carriers, Emirates Airline is one of the first airline partners to join this programme.

The aim of this security partnership programme is to work together and to agree on standard operating procedures (SOP) for high-value and high-risk air cargo, to share best practices and information on crime trends and to partner in lobbying towards authorities.

Emirates Group Security and DHL Global Forwarding have signed a memorandum of understanding (MoU) in Strategic Air Cargo Security Partnership, a DHL Global Forwarding initiative.

Commenting on the new partnership programme, Dr. Abdulla Al Hashimi, Divisional Senior Vice President Emirates Group Security said: ‘The Emirates Group has always been committed to strengthening security throughout the handling chain. Incidentally, it was Emirates and DHL that were among the first in the UAE and Middle East that attained the TAPA (Technology Asset Protection Association) certification.

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Vietnam accedes to the World Trade Organisation

Posted by | Jan 12, 2007 | |

Vietnam has finally been admitted to the World Trade Organisation, bringing its total membership to 150. The General Council of the WTO approved Vietnam’s membership on 7 November 2006, and it acceded 30 days after the agreement was ratified. The decision ends over 11 years of preparation, including eight years of negotiation.

“Vietnam has shown how anchoring domestic reforms in the WTO can yield dramatic results. Vietnam’s economic growth topped 8% last year, foreign direct investment rose steeply to over USD6 billion, and exports surged by over 20%. More must surely follow with the new laws, administrative measures, and commitments on goods and services that are in Vietnam’s membership package,” WTO Director-General Pascal Lamy said at the time of the membership approval. According to the latest WTO data, Vietnam’s merchandise exports were USD26.5 billion in 2004, and its imports were USD32.0 billion.

Many companies have not waited for the accession to commence their investment in the market. In 2006 both DHL and FedEx made agreements with the Vietnamese Post and Telecommunications Group and the Ministry of Planning and Investment to establish alliances. Also last year NYK Lines committed to sinking USD200 million into a number of shipping and logistics projects. These will include port and shipbuilding initiatives. TNT is extending its Asia road network to Vietnam, scheduled for the first half of this year, and in the last few months APL, MOL, Aramex, Kintetsu, DHL have all announced initiatives.

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