Deutsche Post World Net AG’s express mail courier DHL is close to launching a joint venture with New Zealand’s NZ Post, Die Welt newspaper reported. It said DHL’s new head John Mullen – who replaced Uwe Doerken three weeks ago – hopes to complete the deal by the end of the year. New Zealand-Australian express mail has a sales potential of about 185 mln aud per year.
Read MoreSankyu Inc. and Japan Post plan on Thursday to start jointly operating a small-lot parcel delivery service from Hong Kong to Japan using marine freighters, The Nihon Keizai Shimbun learned Monday. The new service will be the first of the joint international logistic services by the two firms. Sankyu will pick up parcels in Hong Kong, ship them, then complete their customs clearance in Japan. Japan Post will deliver them using its Yu Pack parcel delivery service network. The two partners expect it to be used for shipping machine and electronic parts as well as mail-order purchases.
Read MoreThe Brazilian postal service company Correios (Empresa Brasileira de Correios e Telegrafos) is launching two express delivery services in Rio de Janeiro, Sedex Hoje (local deliveries in the same day) and Sedex Mundi (deliveries to 215 countries), investing RD30mil resources in equipment. Those two new services are included in the Sedex line, with Sedex, e-Sedex and Sedex 10.
Read MoreWilliam Armsted Robinson founded Document Handling Limited, one of the nation’s first courier services, and sold it for USD57 million last year. Competitors United Parcel Service and Federal Express, which fought the sale, wanted Robinson to testify that he was merely a financial front for the minority owner, Germany’s Deutsche Post. The US Department of Transportation eventually ruled against their claim and allowed the sale. In a transcript of his sworn confidential deposition, obtained by The Associated Press, Robinson said he had no idea how he came up with his USD60 million asking price for the company. But when he was offered $37 million, he said he responded, “Just forget it, we’re going fishing.” He testified he disregarded a financial analysis that valued the company at up to USD118 million _ more than double its ultimate sale price. And Robinson couldn’t explain why he was paid USD51 million for his 55 percent share of the company, while Deutsche Post was paid USD6 million for the remaining 45 percent.
Read MoreThe head of DHL express delivery in Asia is applauding efforts by Thailand and Singapore to speed up economic reforms in Southeast Asia, but he warns that if the region doesn’t work better as a group, less developed nations will lag farther behind. John Mullen, chief executive officer for DHL Express America, Asia Pacific and emerging markets, said in an interview Saturday with The Associated Press that Southeast Asia has to make it easier for foreign companies to invest in the region. Faster customs procedures are also needed, Mullen said at the Association of Southeast Asian Nations summit in the Laotian capital, Vientiane. “Singapore and Thailand have been really aggressive in leading the charge” for freer markets, he said. “But the disadvantage of that is that if you end up with a two-speed ASEAN, that tends to marginalize the slower-paced countries even further.”
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