The global express parcels market will contract by 13 per cent this year according to the latest Transport Intelligence report, Global Express 2010. The international express sector has been even more badly affected by the economic downturn, with revenues expected to fall by 14.5 per cent, hit by the meltdown in world trade at the beginning of the year, and only just recovering. However the report’s author, Joel Ray, expects the magnitude of the fall in 2009 to be a one off and … [Read more...] about Express parcels market to return to growth in 2010
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Courier & Mail
DHL invests in key Kenya gateway facility
DHL announced that it is investing over three million Ksh (US$45,000) to upgrade DHL Express Kenya’s Gateway facility located at Jomo Kenyatta International Airport (JKIA), Nairobi. The enhancements to the JKIA Gateway will make the facility one of the most modern logistics processing units in Sub-Saharan Africa, according to DHL. The investment will increase automation and improve efficiency and speed of DHL Express Kenya’s shipment processing for the 1,000 daily … [Read more...] about DHL invests in key Kenya gateway facility
Private courier companies in China hike rates
A number of Chinese private courier companies have increased the prices of their express delivery services by between one to two yuan (US$0.15-$0.30) per kilogramme to meet increases in oil prices and higher labour costs, according to the China Daily. Domestic operators including: Shentong Express, Shanghai Yuan Tong Express, Yunda Express and ZTO Express have all published statements on their websites. The price hike will directly impact the profits of millions of online store owners, … [Read more...] about Private courier companies in China hike rates
United Parcel Service to hike rates 5%
Express delivery company UPS has said that it plans to raise air and ground freight rates by an average 4.9 per cent in 2010. The company also said it planned to change its fuel surcharges in an effort to “decrease fuel surcharge volatility when fuel prices fluctuate.†In September, UPS’ competitor FedEx Corp announced a 3.9 per cent increase in air freight rates for 2010. … [Read more...] about United Parcel Service to hike rates 5%
Middle East bright spot for DHL Express
DHL Express has performed better in the Middle East than the rest of the world during the downturn, with the company posting an increase in volumes in the region year-to-date, although revenues are down about 6.4 per cent year-on-year, according to the managing director for DHL Middle East. “If we compare the Middle East with the rest of the world, our performance was very good. The year-to-date volumes in the Middle East, other than Iraq, were up around one per cent on a year earlier, … [Read more...] about Middle East bright spot for DHL Express
UPS looking at acquisitions
United Parcel Service Inc (UPS) is looking for acquisitions to bolster its supply-chain and freight-forwarding units, according to its CEO Scott Davis. UPS has made more than 40 purchases in the past decade, and there are “likely to be some more†in the coming year, with China, India and the Middle East at the “top of the list†for expansion, said Davis according to a Bloomberg report. “We’re strengthening ourselves in emerging markets, the Middle East, … [Read more...] about UPS looking at acquisitions
