DHL Acquires Majority Stake in DHL India
29 April 2002 -DHL has acquired a majority stake in DHL India in which it has bought part of the stake of the family owners.
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China Extends Parcel Restriction Deadline
China’s postal monopoly has extended its deadline for express delivery companies to comply with new restrictions on their businesses, in the first sign it may be softening its stance in a regulatory dispute with its competitors. China Post had issued regulations requiring all express delivery companies to stop handling letters and packages under 500 grams, and register with it to continue their other businesses. A notice in Monday’s People’s Daily extended the original May 6 deadline to June 15.
Read MoreDHL Worldwide Express opens delivery service in Barbados
DHL Worldwide Express has started package and freight delivery service in Barbados and has decided to make the former British colony its Eastern Caribbean base, the company said.
The first packages arrived in Bridgetown last week aboard a Boeing 727, the company said in a statement Friday.
Deutsche Post to Invest EU1.5 Billion in China
Deutsche Post AG, Europe’s largest postal service, plans to invest more than 1.5 billion euros ($1.4 billion) in China within the next three years to become the country’s No. 1 logistics company, Der Spiegel said.
Deutsche Post’s DHL Worldwide Express Inc. unit holds 35 percent of the Chinese market, more than U.S. rivals United Parcel Service Inc. and FedEx Corp
DHL to use Shell Belgium petrol stations for package pick up
Deutsche Post World Net AG unit DHL and Shell Belgium have agreed for Shell’s Belgian petrol service stations to be used as centralised local pick-up points for mail and packages distributed by DHL, the companies said.
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