Sumitomo Corp. and Sagawa Express Co. said Tuesday their joint venture with a Chinese concern will start door-to-door parcel delivery services in Shanghai on Wednesday.
The venture, Shanghai Dazhong Sagawa Logistics Co., China’s first door-to-door parcel delivery company, was set up last summer with the Chinese company, Shanghai Dazhong Transportation Co.
Read MoreThe Asahi Shimbun The Postal Services Agency says it will begin selling envelopes at post offices in and around Tokyo, Osaka and Nagoya in April. The move is aimed at boosting the profitability of the postal mail business, which will be transferred to a new public postal corporation to be established on April 1. The agency had refrained from selling mail-related goods at post offices, citing a desire to steer clear of criticism it was muscling in on the business of stationery shops and other private businesses
Read MoreThe outstanding balance of postal savings at the end of 2002 decreased 1.9% from a year earlier to 235,817.6 billion yen, marking the third consecutive year of contraction, the Postal Services Agency said Monday.
The balance began to decline in 2000 when the huge redemption of fixed-amount “teigaku” savings, contracted in the period of high interest rates a decade earlier, started.
Read MoreJapan’s state-run postal mail service will incur losses of 37.9 billion yen in the year to March 2003 due to a slump in corporate demand, against the initial estimate of a profit of one billion yen, the government said Friday.
Postal mail revenue in the year is now projected to fall 4.1 pct from the previous year to 1,966.6 billion yen, said the Ministry of Public Management, Home Affairs, Posts and Telecommunications. This is down from the initial estimate of 2,052.3 billion yen.
Read MoreU.S. auto giant General Motors Corp. (GM) and U.S. delivery service firm FedEx Corp. will launch a joint project in Tokyo next June in which fuel-cell powered vehicles will be used for package deliveries, GM said Tuesday.
The project, to be conducted on a test basis, will last for one year, the U.S. carmaker said.
It will be the first time in Japan that fuel-cell vehicles have been used for commercial purposes.
Fuel-cell vehicles are pollution-free as they are powered by electricity generated through chemical reaction between hydrogen and oxygen.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
