Tag: DHL

Atlas Air Worldwide Holdings and DHL to form strategic partnership

Posted by | Oct 16, 2006 | |

Atlas Air Worldwide Holdings, Inc. (AAWW), leading provider of global air cargo services, announced today that its subsidiary, Polar Air Cargo Worldwide, Inc., has executed a letter of intent for DHL to acquire a 49% equity interest, including a 25% voting interest, in the scheduled-service business of Polar Air Cargo, Inc. (Polar), in exchange for USD150 million in cash.

The proposed transaction includes a strategic 20-year commercial arrangement that will ensure DHL access to aircraft capacity in key global markets, while providing the AAWW companies with a valuable, long-term customer and potential revenue stream in excess of USD3.5 billion over the full-term of the agreement, although there are certain early termination rights at five-year intervals. In addition, DHL will have access to available additional aircraft capacity from AAWW’s subsidiary Atlas Air, Inc. (Atlas).

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DHL expanding operations in Shanghai duty free zone

Posted by | Oct 13, 2006 | |

Express and logistics provider DHL has launched operations at a 3.6 mln usd logistics facility at the Waigaoqiao Bonded Logistics Zone (WBLZ) in Shanghai, as part of the further expansion of its forwarding operations on the mainland, the company said.

The new warehouse and logistics facility boosts DHL Global Forwarding’s current investment in China to 30 mln usd. The DHL group’s total investment in the past few years is around 315 mln, it said.

DHL Global Forwarding will also invest an additional 20 mln usd in the next few years to further enhance the company’s network infrastructure, staffing, products and services to meet anticipated growth in China, it said.

Peter Landsiedel, Asia Pacific chief executive of DHL Global Forwarding, told XFN Asia the company had been experiencing 50 pct annual growth in China in recent years and it expected continued levels of growth this year.

He would not make a longer-term forecast but said: ‘Barring any catastrophic development,’ specifically copncerninfg oil prices, ‘we are pretty optimistic of continuing with double digit growth.’ Greater China accounts for more than half of DHL’s Asia-Pacific revenue from forwarding operations, with the mainland accounting for 24 pct or regional revenue, Hong Kong 23 pct and Taiwan 5 pct. The next two largest zones are Singapore with 10 pct and Japan with 9 pct.

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Interview – Aramex aims to be world's number 5 express operator

Posted by | Oct 9, 2006 | |

Aramex, the Middle East-based independent express company, aims to grow into the world’s fifth-largest express operator through selective acquisitions and by expanding its partner network, a senior executive told CEP-Research.

Although the “Big Four” – DHL, FedEx, UPS and TNT – were clearly “in the premier league”, Aramex wanted to head the “second division” of regional players, Adrian Horsley, Vice-President Express Services, said on the sidelines of last week’s Asia Pacific Mail & Express 2006 conference in Singapore.

The Jordan-based and Dubai-listed company expects its 2006 revenues to grow to US$330 million from USD232 million in 2005, largely due to acquisitions of smaller freight companies in the Middle East and Europe over the last year, Horsley said. In 2005, it generated about 55% of revenues from international and domestic express transport, and about 33% from freight forwarding. The company, whose key markets are the Middle East and India, has some 260 offices in 45 countries in total.

“Our mission is to be recognized as the fifth-largest global distribution player by 2008. With the Global Distribution Alliance, Aramex has a true global international express distribution system that is 95% managed and controlled by us,” Horsley declared.

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DHL Canada and DHL Latin America create powerful regional unit led by Roger Crook

Posted by | Oct 6, 2006 | |

DHL has announced its strategy to combine two regions in the Americas. DHL’s divisions in Canada and Latin America — two successful regions in the global organization — came together to form DHL Express International Americas. Roger Crook was CEO of DHL Latin America when the two regions merged; he is now heading the newly united region as CEO of DHL Express International Americas.

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China's draft postal law angers private firms

Posted by | Oct 6, 2006 | |

Local and foreign express delivery companies have denounced the latest draft of China’s Postal Law, saying it would create unfair competition, violate trade agreements and destroy non-state businesses employing hundreds of thousands of people.

A meeting last week between industry representatives and officials from China’s State Council, or cabinet, and other departments failed to ease fears over the likely impact of the long-delayed law, express delivery company executives said.

They say one clause of the draft would give a unit of state-owned China Post a total monopoly over deliveries of parcels weighing less than 150g, which account for more than 90 per cent of the intra-city business of private delivery companies. The monopoly on small package deliveries would not have any immediate direct affect on international companies, but they would be hit by other provisions favouring China Post, tightening licensing controls and compulsory payments to subsidise universal postal services.

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