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%
Express
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
Blue Dart eyes larger market share
India’s largest domestic courier and integrated air express package distribution company, Blue Dart, is targeting a larger share of the ground express market by focusing on tier-II and tier-III cities, its head of marketing, corporate communications& sustainability, Ketan Kulkarni said recently. “We currently have a 43 per cent share in the domestic organised air express market and our share in domestic organised ground express segment has risen from 5.3 per cent last year to … [Read more...] about Blue Dart eyes larger market share
Nippon Express to cut stake in Japan Post JV
Nippon Express Co said it will reduce its 34 percent equity stake in its parcel delivery service joint venture with Japan Post Service Co to 14 percent and remove it as an equity-method affiliate. The trucking firm said it will sell 20 percent of its shareholding in JP Express Co to Japan Post Service, the mail arm of government-owned Japan Post Holdings Co, Japan Today reported, citing industry sources. The move comes after Japan Post Service said last month it would delay the planned … [Read more...] about Nippon Express to cut stake in Japan Post JV
DHL, Cathay ink cargo security partnership
DHL Global Forwarding and Cathay Pacific Airways have signed a memorandum of understanding (MOU) for a Security Partnership Programme. Under the MOU, DHL Global Forwarding will further enhance the security of high-value freight for customers, including pharmaceutical, fashion or high-technology that are pre-alerted as requiring special loss prevention measures, the company said. The aim of the security partnership programme between two parties is to share the industry best practices in loss … [Read more...] about DHL, Cathay ink cargo security partnership