Tag: Courier/Express/Parcels

FedEx may acquire local partner Datian soon

FedEx Express may acquire its local partner Tianjin Datian W Group soon, becoming the second US express service provider to go solo in China as the market opens up, the Economic Observer reported.

The newspaper said FedEx Express China chief Eddy Chan denied that any such plans were being considered but it quoted sources as saying that FedEx has hired Baker & McKenzie as its legal adviser for a possible takeover.

The newspaper did not give any timeframe for the deal or provide possible financial details.

FedEx rival United Parcel Service Inc has already bought out its local partner Sinotrans, paying 100 mln usd to end a 16-year relationship.

China will allow freight forwarders to set up wholly-owned units by December of this year in accordance with its commitments to the World Trade Organization.

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DHL announce outstanding results for new suite of Bahrain time definite products

‘The launch has been an absolute success’, says Mr. Nour Suliman, DHL Bahrain Country Manager, ‘and the feedback from our clients and partners could not be more encouraging. The fact is that now they can finally make the most convenient choice of service according to their specific needs. Furthermore, as the premium system has disappeared and the prices are clearly structured, managing their own costs has become much easier.’

‘We have more than doubled -almost tripled- our expectations regarding established clients using the new products. We are very satisfied with the results so far.’

One month after the global launch of their new suite of Time and Day Definite products in Bahrain, DHL has proceeded to the first business review of the new services with outstanding results.

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Federal Express allots USD450mln for Philippine hub

FedEx has alloted USD450 million to relocate its hub in Asia by 2007 to the Diosdado Macapagal International Airport (DMIA) from its present site at the Subic Bay International Airport (SBIA).

FedEx has a 12-year lease contract with the Subic Bay Metropolitan Authority (SBMA). Though its contract has yet to expire in 2007, the firm needs to start constructing its new hub in Clark this year to ensure smooth transition of its cargo operations.

Adelberto Yap, president and chief-executive-officer of Clark International Airport Corp. (CIAC), said FedEx has yet to maintain Subic for two years after 2007 for scaling down operations.

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Garant Post- number one in Russia

Demand for GEP services is growing strongly in Russia, in particular in the Moscow and St Petersburg metropolitan areas. Not only the well-known international CEP service providers are benefiting from these developments, but national companies too. Russia is currently one of the most interesting growth markets in Europe for express service providers too. Number one in the domestic market is Garant Post, a joint venture founded around 15 years ago by the Russian national airline Aeroflot, the French national airline Air France, the French express service provider Chronopost (a subsidiary of the French post office), Sodexi (the Air France CEP subsidiary) and a Russian bank. The Russian post office withdrew from the enterprise last year.

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FedEx launches industry’s first direct connection between mainland China and Europe

FedEx Express has launched the express air cargo industry’s first direct flight from mainland China to Europe. The flights, which will provide daily service from Shanghai, China to Frankfurt, provide numerous benefits for FedEx customers worldwide. “Again, FedEx leads the express industry in connecting our global customers with the world’s fastest growing market, China. The new flights emphasize the importance of China on the world business stage and the flourishing trade and political ties between China and the European nations,” said Michael L. Ducker, executive vice president-international, FedEx Express. “This past year, Europe became China’s number-one trading partner, and this new flight strengthens our leadership in facilitating trade between Asia, Europe and North America. These trade benefits are the direct result of the liberalization of China’s aviation market and support our belief that the elimination of trade barriers encourages global economic growth.”

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