Courier companies today threatened to raise rates by 30-35 per cent following a 60 per cent increase in baggage rates for on-board couriers by three domestic airlines.
The Express Industry Council of India (EICI), an apex organisation of express and courier companies, said the domestic airlines were trying to make up for the losses due to advanced purchase excursion (APEX) fares by hiking courier baggage rates.
Read MoreUPS Jetair Pvt Ltd — a 60:40 joint venture between United Parcel Service (UPS) and Jetair — is set to introduce an electronic payment facility that promises to simplify financial transactions in international trade.
The trade finance facility called Exchange Collect was developed by UPS — the largest package distribution company in the world. It reduces the risks of dealing with new or unknown customers, and ensures that an exporter receives payment within 10 days of delivery.
Read MoreDHL Worldwide Express (India) Pvt Ltd has received final approval from the Indian customs authorities to establish a dedicated express handling gateway at the Delhi airport.
Read MoreA joint venture between DHL Danzas Air & Ocean and India’s Lemuir group will begin operations on June 1, offering integrated logistics service to a variety of customers. The new venture will address the needs of clients, including small and medium companies, in sectors such as information technology, automotive, healthcare, electronics, and consumer goods, executives said
Read MoreIndia Post is the largest provider of postal services with 1.54 lakh post offices across the country, of which 16,476 are located in the urban areas and 1,38,443 in rural areas. Mail services are provided through 1,38,511 delivery post offices across the country. India Post has introduced Speed Net, which is an online facility to track and trace Speed Post parcels. The service is available in 120 Speed Post Centres across India.
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