European Union (EU) has replaced US as the biggest market for outbound traffic from India for Fedex Corp. EU now accounts for 27 per cent of Fedex Corps total outbound business from India while the US has slipped to 23 per cent. Earlier, the US shares was 27 per cent while EU was 23 per cent.
Read MoreFederal Express Corporation of the US has signed an operational agreement with Prakash Airfreight Pvt Ltd following Blue Dart’s recent alliance with DHL Worldwide Express. The agreement to cooperate in India becomes effective from October 1, when Federal Express’ prior contract with Blue Dart expires.
Read MoreTNT India Ltd hopes to venture into the logistics segment to expand its express and mail services’ portfolio. It expects to earn 45 percent of its overall revenues from logistics and express services by 2007.
Read MoreTNT India , the 100 per cent subsidiary of the global distribution major TPG N V, has drawn up plans to shift focus from corporate cargo handling to retail customers. The company is all set open up 40 retail outlets across the country by December.
Read MoreThe Top Asia Pacific IATA Agents 2001
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