Tag: Mail Services

DHL wins GBP 9 million contract with UK's leading single-price retailer

Posted by | Mar 18, 2008 | |

DHL Exel Supply Chain today announced that it has won a new three year contract worth GBP 9 million (11.8 million euro), with Poundland, the UK’s largest retailer of GBP 1 products. DHL will be importing consumer products from China and transporting them to stores across the UK, utilizing the expertise from its extensive global network.

DHL will transport a variety of products for Poundland from UK outbases in Billingham, Hatfield and Belshill and will provide deconsolidation center services at ports in Felixstowe and Southampton. The inward freight from China will be managed by DHL’s specialist International Supply Chain team, which provides end-to-end supply chain management expertise.

DHL’s solution will significantly reduce transport costs by the introduction of double-deck trailers and by revising store delivery schedules. DHL’s ability to provide transport outbases and deconsolidation centers in key areas played an important part in securing this contract.

Poundland has 167 stores throughout the UK, each receiving up to five deliveries a week. DHL’s deconsolidation centers will be handling between 3,000 and 4,000 containers each year, transporting a range of products for Poundland covering: food and drink; health, baby and beauty; household; homewares; toys; DIY and petcare products.

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DHL to step up India investment

Posted by | Mar 17, 2008 | |

DHL Express plans a major expansion in India to take advantage of the growth and penetration of retail business in the country, by increasing its exclusive outlets and strengthening road network.

The company is set to open 1,000 retail points across the country by 2010, up from the 150 centres that currently offer its products. DHL, which owns an 81.03% stake in Mumbai-based air express and transportation company Blue Dart Express Ltd, will also start at least 100 transportation hubs to help link the company to smaller towns and non-metro cities and towns.

The Indian logistics market is expected to reach USD 122 billion by 2015 from USD 45 billion today, according to market estimates. Most firms would like to capitalize on this growth potential by offering complete solutions, but such an effort would be difficult as they would need sizeable fleet and investment, said a Mumbai-based transport analyst, who didn’t wish to be identified.

The strengthening of road network would include creating small and large cargo collection centres and adding more vehicles. DHL serves 17,500-plus cities and towns through Blue Dart. In February 2007, it had announced a restructuring of business in India and South Asia.

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Deutsche Postbank CEO calls for speedy sale of bank

Posted by | Mar 17, 2008 | |

Deutsche Postbank AG’s Chief Executive Wolfgang Klein said he wants the German retail bank to be sold by the end of this year, or even sooner, according to an interview in Frankfurter Allgemeine Zeitung.

The newspaper also cited sources close to parent company Deutsche Post World Net AG as saying an investment bank, likely to be Morgan Stanley, will soon be commissioned to find a buyer for the company.

Klein said the bank should be sold to a company that can create the most value in the long term through lifting synergies and boosting market share to 20 pct, according to the newspaper.

‘I know who my favourite partner is,’ Klein said, adding: ‘But first of all I’m not the one selling, and second, I would weaken my position if I said who it is.’ Deutsche Post holds a 50 pct plus one share stake in Postbank.

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Indian Department of Posts Enters Foreign Exchange Market

Posted by | Mar 17, 2008 | |

An agreement was signed between Department of Posts and Centurion Bank of Punjab here today to provide foreign exchange services to the public. Although the Department has full fledged money changing licence this is the first time that the Department is entering the foreign exchange market.

To start with the foreign exchange services is to be run as a pilot project covering the 31 Post Offices spread across 23 large cities, towns and villages in 11 states. The project will facilitate both the encashment of foreign exchange and transfer of money in foreign currency. While the main foreign exchange business will be operated by the Centurion Bank of Punjab, the Department of Posts officials will operationalise the scheme after training imparted by the Bank.

An agreement was signed today by Shri J. Panda of the Department of Posts and Shri Sudarshan Motwani of Centurian Bank of Punjab in the presence of Shri Anil Jaggia, Chief Operating Officer of the Bank and Shri I.M.G. Khan, Secretary, Department of Posts launching the services.

Speaking after the launch of the project Shri Anil Jaggia described this project as “one more step towards financial inclusion of our rural population”. Depending on the success of the pilot project the bank hopes to reach out this scheme to thousands of cities and towns across the country. The select Post Offices will be hubs around which the bank hopes to sensitize rural population about the liberalized foreign exchange norms.

Shri I.M.G. Khan, Secretary, Posts emphasized the initiatives taken by the Department of Posts to leverage the great strengths which lies in the network of Post Offices and the knowledge of people by postal departmental staff. He said with the induction of the new technology plan and the strengths available with the Postal Services they would be able to open up partnerships with all types of organizations which will be of great benefit to the people.

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