Deutsche Post World Net AG’s logistics unit DHL said it has invested 3.3 mln eur in a new storage and sorting centre in Breslau, Poland.
This is one of five DHL logistics terminals that have opened in Poland this year.
The terminal has a capacity to handle 15,000 letters or parcels every day.
Read MoreDHL is investing USDollars 110M to double the capacity of its cargo-handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.
The move, announced yesterday and due to be completed in 2007, will make Hong Kong DHL’s largest hub outside the US, with capacity to move 75,000 pieces an hour. Scott Price, DHL Express chief executive for Asia-Pacific, called the expansion a “very significant, long-term commitment to Hong Kong”.
DHL’s investment is the latest development in an increasingly fierce competition between the world’s largest express carriers in China. In July, FedEx announced plans to spend USDollars 150M to move its Asia-Pacific hub from Subic Bay in the Philippines to Guangzhou, 174km north of Hong Kong. United Parcel Service announced plans to build a hub in Shanghai the same month.
Read MoreA source from China Railway Express Co., Ltd. said that it would complete incorporation with China Railway Parcel Express Co., Ltd. within this year.
The incorporated company will be still named China Railway Express Co., Ltd. with a registered capital of CNY 2 billion. China Railway Express wants to obtain revenues of CNY 6 billion in 2006.
China Railway Express and China Railway Parcel Express are transportation companies under the lead of the Ministry of Railways of China. China Railway Parcel Express is controlled by 15 shareholders and China Railway Foreign Service Corp. takes a 51percent stake and Harbin Railway Bureau, Shenyang Railway Bureau, Beijing Railway Bureau, and Guangzhou Railway Group Corp. hold the rest 49percent.
Read MoreRoyal Mail has launched an initiative to support the customer publishing industry by offering a 15 percent discount on customer magazine mailing costs. The promotion is designed to encourage clients planning to publish a title to favour mailing, rather than “pick-up” titles. To qualify, companies must sign up by December and commit to at least two mail-outs before August 2006.
Read MoreFedEx has announced a 5.5 per cent increase in its express shipping rates for next year to take account of record fuel prices and robust demand.
The bigger-than-average increase reflects continued strength in the package delivery services as global trade expands.
Analysts said United Parcel Service, the largest US parcel courier, is likely to follow with a similar rate rise in the next few weeks.
The increase will ease fears among investors that mounting competition between FedEx, UPS and their German rival DHL could weaken pricing.
For customers, however, the higher prices will add to upward pressure on supply chain costs, amid record fuel prices and transportation bottlenecks.
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