ULDS & PERISHABLES … [Read more...] about Supplement: ULDS & PERISHABLES
India's Postal Department incurs losses
In the past five years, the Department of Posts’ (DoP) mail traffic has registered a decline of nearly 50 percent due to increased competition from private couriers and other new modes of communication, especially the value-added services in the telecom sector, The Hindureported. According to a recent DoP’s performance audit report, DoP had failed to improve its operational efficiency, reduce staff costs and modernise its operations to render better services to the customer. … [Read more...] about India's Postal Department incurs losses
Japan Post's mail delivery unit to enter direct mail service
The Japan Post group, to be born via privatisation in October, will consist of five companies, including the mail delivery company that plans to enter the direct mail service sector, which is the turf of private home delivery companies. The mail delivery company, which have more than 100,000 employees, expects to record modest profits. Japan Post’s privatisation plan, sent for approval on Friday to internal affairs minister Yoshihide Suga by Japan Post Corp., a privatization … [Read more...] about Japan Post's mail delivery unit to enter direct mail service
EGL accepts Ceva's bid
After months of haggling, USbased logistics provider EGL Inc. has accepted a US$2 billion bid to be acquired by the Ceva Group, which is owned by private-equity firm Apollo Management. Under the agreement, EGL shareholders will receive $47.50 in cash per share of EGL stock they hold at the time of the merger. CEVA also amended the “no-deal” fee, dropping the fee payable by EGL to CEVA from $30 million to $20 million, and increasing the fee payable by CEVA to EGL. The purchase … [Read more...] about EGL accepts Ceva's bid
Global' supply chains often aren't global
Nearly half (48 percent) of supply chain executives at multi-national companies in the chemical, consumer goods, industrial and retail sectors consider their supply chains to be global, yet operating decisions made on behalf of those supply chains would indicate otherwise. Some 60 percent of the executives said supply chain decisions in their companies are regional or local in scope, according to a recent study conducted by BDP International’s Centrx consulting unit and St. … [Read more...] about Global' supply chains often aren't global
China's express market to hit US$5.8 billion
The powerful growth in the Chinese economy is resulting in a massive leap in demand for courier, express and parcel delivery (CEP) services. The volume of timesensitive freight in China is increasing by an average of 28 percent per annum. By comparison, global growth (at 10-15 percent) seems practically modest. According to a study by the international strategy and technology consultants Booz Allen Hamilton, the Chinese express market is already set to break through the US$ 5.8 billion mark … [Read more...] about China's express market to hit US$5.8 billion
