Tag: Courier/Express/Parcels

The big getting bigger – Motor Transport top 100 listing

Posted by | Jan 26, 2006 | |

Motor Transport’s Top 100 listing has proved very popular among our readers, and with good reason: it provides a useful snapshot of the current state of the industry’s leading players. But it really is only a snapshot, as its figures are taken at one point in time – and as accounts are filed throughout the year, the situation can change. So in the first of a regular series of updates, here we look at who has moved up and who has moved down – and we include a few companies which had been omitted from the list.

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New SingPost express courier service shortens delivery time

Posted by | Jan 24, 2006 | |

Delivery time for overseas packages is now shorter and less of a hassle, thanks to a new express courier service by SingPost. Speedpost Express, which taps the delivery network of DHL Express, allows for shorter delivery time and pre-Customs clearance. Under the new service, the delivery times for popular destinations such as Malaysia, Hong Kong and China are on average one to two days faster than other courier services currently provided by SingPost.

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Norwegian DHL Express extends terminal for 2.5 mln Euro

Posted by | Jan 24, 2006 | |

DHL Express Norge has invested over 20 mln Norwegian crowns (USD3.1 mln/2.5 mln euro) in an extended logistics terminal in Bergen, on Norway’s west coast, DHL Express Norge managing director Neel Frankman said on January 24, 2006. The terminal was built to meet the demand from the steadily increasing transport activities in the western region of Vestlandet. Previously, DHL Express Norge operated two logistics terminals. The company will now handle air, land and sea transports from the extended terminal. Moving-in is scheduled for January 28, 2006.

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FedEx Express to acquire express business of Chinese transportation company DTW Group

Posted by | Jan 24, 2006 | |

FedEx Corporation announced today that its FedEx Express unit had signed an agreement with Tianjin Datian W. Group Co., Ltd. (“DTW Group”) to acquire DTW Group’s 50 percent share of the FedEx-DTW International Priority express joint venture and DTW Group’s domestic express network in China for USD400 million. FedEx and DTW Group entered into a joint venture agreement in 1999. JPMorgan acted as exclusive financial advisor to FedEx. PricewaterhouseCoopers acted as exclusive financial advisor to DTW Group. The acquisition will include: DTW Group’s 50 percent share in the International Priority express joint venture, converting the joint venture into a wholly FedEx-owned company; the DTW Group assets used to perform International Priority services; and DTW Group domestic express assets from 89 DTW Group locations.

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