Brazilian Express services market heats up
The battle for the express delivery services of international mails in Brazil will heat up over the next months due to the increasingly demand for such service in the country. After an increase of 7% in 2002 the sector predicts 10% growth this year – with an annual income of US$120mil. Sky Postal – authorized by United State Postal Services – entered Brazil in January 2003 and spent six months developing its logistics. It currently has 100 agents and forecasts a 10% stake of the market until late 2004.
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