Tag: Courier/Express/Parcels

FedEx First to launch overnight delivery from India to China

FedEx Express today announced the launch of a new flight offering the first overnight express link between India and China. The flight is part of a new eastbound around the world route–connecting Europe, India, China and Japan with the FedEx U.S. hub in Memphis–that will provide unprecedented access to and from the world’s largest markets. Using a wide-bodied MD-11 freighter, FedEx will double its current capacity between Europe and Asia with the addition of 850,000 pounds per week. “This new route will relieve mounting capacity constraints for international express service across Europe to Asia, especially the two powerhouse economies of India and China,” said Michael L. Ducker, executive vice president-international, FedEx Express. “Furthermore, it is another ‘FedEx first’ as we provide the industry’s first overnight express link between India and China. Our service from Delhi to Shanghai will benefit our customers, whose business is fueling this USD14 billion trade route.”

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GLS Ireland opens Parcel Shops in all depots

GLS Ireland is offering more service and customer proximity with a totally new product range: beginning immediately, private and commercial customers with sporadic shipments can hand in their parcels at one of the six GLS Ireland Depots.

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German Rhenus quashes Red Parcel stake talk

German logistics company Rhenus has denied reports that it might be close to acquiring a 25% stake in domestic parcel service newcomer Red Parcel Post. The new company is searching for investors in order to take up operations by 2007. Former Deutsche Post board member Dieter Seegers-Kr’ckeberg is said to be behind Red Parcel Post. Rumours of a 25% stake were pure invention and Rhenus would not ‘comment further on such rumours’, a spokesman said. The reports come at a time when Rhenus chief executive Hermann Niehues has signalled his willingness to buy into new companies.

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American parcels giant eyes the bid territory for Exel

American parcels giant UPS is working with investment bank Goldman Sachs to explore whether it should enter the fray for Exel, potentially triggering a bid battle for the British supply chain company. UPS, which is valued at USD78billion (pounds 42billion) and has very little debt, has long kept a watching brief on Exel, which on Thursday revealed it had received a preliminary takeover approach from Deutsche Post, the German owner of the DHL courier business. Exel shares slipped 3½ yesterday to pounds 11.75, valuing the business at pounds 3.4billion. UPS has been building up its freight forwarding operations, through 2001’s USD450m acquisition of Fritz and last year’s USD150m purchase of Menlo Worldwide Forwarding but lacks Exel’s strong presence in contract logistics – managing the supply chain for blue-chip companies.
Acquiring Exel would maintain UPS’s leadership in parcels delivery, freight forwarding and contract logistics.

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Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

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