Tag: Courier/Express/Parcels

DHL-Trans cooperates with SDB to fight against rivals in China

Posted by | Sep 8, 2004 | |

Shenzhen Development Bank Co., Ltd., a join stock commercial bank, had approved the application for tens of million RMB loan from a logistics company located in Guangzhou City, in a bid to enlarge the shipping market share of domestic private logistics companies.

Sources said that DHL-Trans, a joint venture between DHL and SinoTrans, had decided to make an additional investment of USD 20 million in Chinese logistics market, mainly in Pearl River Delta, Guangzhou City and Hong Kong.

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DHL to launch new European IT centre in Prague

Posted by | Sep 8, 2004 | |

Logistics firm DHL will in two weeks launch operation of a new Prague-based European computer centre, the largest IT operations centre in the company’s global network, CzechInvest agency spokeswoman Jana Viskova told CTK.

DHL’s investment of over Kc5bn in the project which will offer employment to some 1,000 people is unparallelled in the sector in the past two years, Viskova said.

DHL will gradually shift activities from data centres in Great Britain and Switzerland to the new local centre situated in the southern part of Prague, near the D1 motorway.

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Spanish Azkar Vice Chairman Raises Stake in Company to 5.2 Pct

Posted by | Sep 7, 2004 | |

Jose Antonio Orozco, vice chairman of Spanish transport and distribution company Transportes Azkar SA, has raised his stake in the company to 5.175 pct, the company reported to the Spanish stock market regulator CNMV on September 6, 2004.

The daughters of the chairman Luis Fernandez Somoza reduced their stake to 2.57 pct from 4.0 pct.

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Deutsche Poste more cautious regarding performance of DHL in US

Posted by | Sep 7, 2004 | |

Deutsche Post, the German postal services operator, has revealed that the goal for achieving a breakeven for the US activities is dependent on certain conditions. John Fellows, Chairman and CEO of DHL Holdings Inc. explained that reaching breakeven would depend on the economic situation in the US and that achieving the planned growth rates was paramount. DHL is expecting the current financial year to end in a deficit of around 248m Euros in the US.

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FedEx Freight Expands Operations in Metro Chicago and Midwest

Posted by | Sep 7, 2004 | |

FedEx Freight has opened new, expanded service centers in Aurora, Ill., and Fremont, Ind. The carrier has also increased its capacity at five other locations. “Ongoing investment in our infrastructure has always been a critical component of our success,” said Douglas G. Duncan, president and CEO, FedEx Freight. “Our goal is to stay ahead of the curve by anticipating customer demand for our service and proactively expanding or opening new facilities to add the necessary capacity to our network. These strategically-placed facilities allow us to more effectively handle additional freight from our customers, which has been spurred by a recovering economy and increasing implementation of fast-cycle logistics.”

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