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
Express
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
Yusen Air & Sea Service (HK)
Yusen Air & Sea Service (HK) has successfully obtained the first China Air Transport Association (CATA) air cargo agency certificate. … [Read more...] about Yusen Air & Sea Service (HK)
Guangzhou airport to get hub status
Construction of a new runway at Guangzhou Baiyun International Airport will commence early next year, bringing the airport in southern China a step closer to becoming an international aviation hub, according to a China Daily report. The runway, the third at the airport, is scheduled to be ready in 2010, when Guangdong’s provincial capital will hold the 16th Asian Games. Its nearest rival Hong Kong International Airport only has two runways. With the runway’s completion, … [Read more...] about Guangzhou airport to get hub status
SHIA urged to restrict cargo and cabin luggage
Following several aircraft accidents in Indonesia, the operator of Soekarno Hatta International Airport has boosted the inspection of cargo and hand-carried materials especially liquids such as aerosol or gels. Kasmin Kamil, the manager of SHIA, said the airport restricted hand-carried liquids since March 31. The policy is in line with the instructions of Transport Minister Hatta Radjasa on the importance of safety and security of passenger and cargo flights. “Airport operators … [Read more...] about SHIA urged to restrict cargo and cabin luggage
Cargo grows 4% at world’s airports
The Airports Council International said that airports worldwide reported that 2006 cargo traffi c increased by 4 percent, while passenger traffi c rose 5 percent, as compared to 2005. International passenger and freight results rose even more fi rmly by 7 percent and6 percent respectively. Beijing was a top performer in the Asia Pacifi c region with increases of 18 percent in passenger traffi c, 32 percent in cargo and 10 percent in aircraft movements. Several major hubs across Asia Pacifi c … [Read more...] about Cargo grows 4% at world’s airports
