Tag: Courier/Express/Parcels

FedEx seeks approval for 100% arm in India

Posted by | Nov 18, 2004 | |

As if in a response to DHL Express acquisition of Blue Dart – which gave the German courier & express company a foothold of the domestic express cargo – Federal Express (FedEx) has now approached the government to set up a wholly-owned subsidiary in the country. This signals FedEx entry into the domestic express cargo segment, which has so far been a reserve for home-grown courier companies. As of now, FedEx operates in India as cargo airline which limits its role to airlifting of carrying export and import cargo from international airports. For domestic pick and delivery, it has enter into an arrangement with a clutch of domestic door-to-door express cargo companies. As a spin off, having a subsidiary in the country will also make it easier for the US express major to expand its footprint in the domestic market by acquiring domestic companies.

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FedEx to expand Kinko’s in Asia, posts China boom

Posted by | Nov 17, 2004 | |

FedEx Corp. is posting explosive growth in China and now plans to expand its Kinko’s copy-chain across Asia, a senior executive said on Wednesday. FedEx, which vies with Deutsche Post’s DHL Express and United Parcel Service Inc in the global courier arena, is trying to muscle in on an insular sector that it says could one day be the world’s top cargo market. Analysts estimate it could be worth USD1.5 billion annually. FedEx’s delivery volumes in China grew 52 percent in the quarter ended Aug. 31, said David Cunningham, FedEx’s Asia Pacific president. He did not elaborate. The US firm does not divulge sales by country or region. Now FedEx also wants to pump up the number of Kinko’s outlets in Asia to incorporate it into its global courier network and bring in more customers.

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China’s courier industry evolving rapidly

Posted by | Nov 17, 2004 | |

China’s courier industry is evolving rapidly as WTO-related legislation prises open the sector and market forces shape its development.

The largest player and former monopoly operator, China Post, has seen its market share erode steadily over the past decade — mostly by the foreign carriers, which have been investing heavily in China since 1984 when UPS started handling international express packages. Now nearly 60 overseas air companies provide cargo services in some 40 cities across the country. According to an analyst with China Merchants Securities, the major global players now control a 62percent of market share in the international express mail sector. This inevitably will increase as China grants unrestricted market access to foreign enterprises in express service by 2005 — by then the market could be worth some Rmb5bn (USD600m).

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Azkar raises FY 2004 sales growth target to 12-13 pct vs previous 10

Posted by | Nov 16, 2004 | |

Transportes Azkar SA said it has raised its full-year 2004 sales growth target to 12-13 pct from 10 pct previously. In a presentation to analysts, Azkar also said it has increased its full-year investment target to 25-30 mln eur from 20-25 mln previously. It reiterated its EBITDA growth target of 12-14 pct, noting that pretax profit growth is expected to decline 2-5 pct, mainly due to the absence of one-time gains compared with 2003. The company also reiterated its 8 pct growth target for routes.

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DHL and Newgistics team up to provide proven consumer returns solution

Posted by | Nov 16, 2004 | |

DHL and Newgistics, Inc., the leader in returns management solutions for direct retailers, today announced a partnership to offer Newgistics’ retail merchandise return solution, SmartLabel(R), for DHL customers. Newgistics’ SmartLabel, addresses the reverse logistics needs of multi-channel retailers, the fastest growing industry segment for logistics providers. “The new DHL has invested USD1.2 billion in its U.S. infrastructure to reach out to a broader consumer market and help all customers do business more quickly, efficiently, and competitively,” said Rich Corrado, Executive Vice President of Business Development for DHL Americas. “We recognize that retail is one of the largest segments in the U.S. express market, and working with Newgistics will help further our commitment to these customers by providing a comprehensive, quality, intelligent returns management program.”

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