Tag: Courier/Express/Parcels

ARAMEX acquires a leading Egyptian freight forwarding company

Posted by | Feb 11, 2006 | |

ARAMEX has announced that it has acquired Egypt-based Freight Professionals, a leading freight forwarding company specializing in air and sea freight.
With this acquisition, ARAMEX will consolidate its presence in Egypt as a major player providing a full, multi-modal transportation link to every country in the world as well as full coverage of the domestic local market. Operational since 1995, Freight Professionals employs 86 people and has offices at Alexandria’s and Cairo’s Airports as well as at Port Said, in addition to its main offices in Cairo. The company also provides customs brokerage services in the respective ports. Mr. Fadi Ghandour, President and Chief Executive Officer of ARAMEX, said: ‘The decision to acquire this excellent freight forwarding company fits perfectly within our strategic direction of solidifying and expanding our presence in the region. Freight Professionals provides us with a clear competitive advantage in the Egyptian market, adding new expertise, specifically in Sea Freight. The synergy of Freight Professionals with ARAMEX in Egypt is strong and will help us provide the market with complete supply chain solutions.’

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Sagawa, Kintetsu dissolve business alliance

Posted by | Feb 10, 2006 | |

Sagawa Express Co. and Kintetsu World Express Inc. said Friday they have dissolved their business alliance on Thursday. The major delivery firms, which agreed on Jan. 29, 2001 to cooperate in domestic and international cargo operations, found after five years that the partnership was not providing the benefits expected, the two said.

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GeoPost to complete acquisition of Exapaq in France

Posted by | Feb 10, 2006 | |

La Poste group’s Board of Directors today announced that it has given authorisation for GeoPost – the holding company for the group’s parcel and express subsidiaries– to complete its acquisition of the Exapaq network, currently managed by 15 partners in the transport and parcel delivery sectors. This operation is subject to the agreement of France’s Directorate-General for Competition, Consumption and Fraud Control (DGCCRF).

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FedEx sees steady global growth in '06

Posted by | Feb 9, 2006 | |

Global economic growth prospects appear to be in good shape heading into 2006, FedEx chief economist Gene Huang said Thursday. Global growth should be slightly above 3% this year, after growing at a 3.3% rate in 2005, Huang said.
Huang has an enviable vantage point for an economist – a front row view of the global supply chain management system. ‘I get to watch traffic flows in every sector of every economy in the world on a real time basis,’ Huang told reporters at a briefing. The global business cycle is still determined by trade in goods, Huang said, as the services sector remains constant. Huang said 2006 will be a ‘typical mid-cycle year’ for the global economy, with continued demand and improvement in labor markets. ‘A mid-cycle environment is all about sustainability,’ Huang said. The durable goods and industrial sectors remain strong and there will be ample opportunities in merchandise trade supported by inventory restocking and pent-up demand in capital spending. The United States and China continue to be the global growth engines, Huang said.

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UPS expands 2nd day air options

Posted by | Feb 8, 2006 | |

UPS has accelerated the guaranteed commit time for the industry’s only 2nd Day Air A.M. delivery service to 10:30 a.m. from 12 p.m. and added a Saturday delivery option for UPS 2nd Day Air. The moves are part of an overall expansion of the UPS 2nd Day Air portfolio that also includes the addition of 9,300 ZIP codes to the 2nd Day Air A.M. delivery service area.

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