Pos Malaysia Bhd plans to invest as much as M$230 million to boost its efficiency and the bulk will be spent on a new mail processing centre. Managing director and chief executive officer Datuk Ikmal Hijaz Hashim said Pos Malaysia, whose mail and parcel delivery services makes up about 70 percent of group revenue, will spend M$69 million to buy a building, sprawled over 10ha in Kuala Lumpur's district of Shah Alam, from MT Picture Display (M) Sdn Bhd. The building will house Pos … [Read more...] about Pos M’sia to invest on efficiency improvement
Leading industry players endorse Air Freight Asia 2007 Exhibition
The 13th Air Freight Asia 2007 Exhibition (AFA2007), which is now fully integrated within Asian Aerospace 2007 International Expo & Congress in Hong Kong in September, has received a strong endorsement from the global air cargo industry with close to 50 percent of the available exhibition space already booked for this trade event. One month after the AFA2007 exhibition was announced, following the acquisition of the event by Reed Exhibitions, leading players in the air cargo industry … [Read more...] about Leading industry players endorse Air Freight Asia 2007 Exhibition
More networking at AFA2007 Conference
The format of the Air Freight Asia Conference, which was previously structured on two full days of five sessions each, has undergone some changes to give delegates more time for networking. "Based on feedback, which we received after the event in Shanghai last year, we felt that the original format of the conference, which included cocktail receptions and buffet dinners in the evening, was no longer appropriate," said Air Freight Asia organiser Nol van Fenema. … [Read more...] about More networking at AFA2007 Conference
Airport CEO to deliver AFA 2007 keynote address
The keynote address at this year's Air Freight Asia Conference will be delivered by the recently-appointed Chief Executive Officer of the Hong Kong Airport Authority, Stanley Hui. "As chief executive of Dragonair Airlines for many years, Stanley has been at the forefront of promoting the air cargo industry in general and the role of Hong Kong as a crucial air cargo hub in North Asia in particular," said Air Freight Asia 2007 organiser, Nol van Fenema. "With his background and … [Read more...] about Airport CEO to deliver AFA 2007 keynote address
Cargo-Partner unveils Indian subsidiary
Austria-based Cargo-Partner AG, one of Europe's privately owned global logistics company with activities in eastern and central Europe, has launched its wholly-owned Indian subsidiary, Cargo Partner Logistics India Pvt Ltd (CPLI). Headquartered in Kolkata, CPLI has opened nine branches in different locations in the country, employing 60 professionals. "We have plans to open five more branches and recruit another 80-90 people and hope to post a turnover of Rs 100 crore in … [Read more...] about Cargo-Partner unveils Indian subsidiary
General Atlantic withdraws from EGL deal
General Atlantic has pulled out of a proposed equity purchase deal with EGL due to an expected shortfall in EGL's fourth quarter 2006 results. General Atlantic has withdrawn as an equity sponsor from the offer made to acquire all outstanding equity interests in EGL by James Crane, the company's largest shareholder, CEO & chairman of the board, and General Atlantic. EGL expects to release its Q4 results on February 28, 2007. Although the company has not completed the preparation of … [Read more...] about General Atlantic withdraws from EGL deal
