DHL Express/PT BirotikaSemesta continues to be theleader in express and logisticsindustry in Indonesia,according to DHL's nationaloperations manager, MariaChristina, who said that thecompany is enjoying doubledigitgrowth and will increaseshipments by 20 percent in2007. "We have invested $70,000in a high technology systemto achieve higher growth,"Christina said, adding thatthe company is the marketleader in Indonesia with over50 percent market share. To achieve the … [Read more...] about DHL targets 20% growth in Indonesia
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MIDDLE EAST: Emirates plans to expand in Americas
Emirates airlines is expected tomake major inroads into North andSouth America this year, Gulf Newsreported, citing sources familiar withits expansion plans. The Dubai-based carrier, whichrecently announced several enhancementsto its existing network as wellas new routes it would add in 2007, islikely to launch commercial servicesto Sao Paolo, Brazil, in October, andis also working hard to fly to BuenosAires, Argentina. Additionally, Emirates is said tobe discussing landing fees for a … [Read more...] about MIDDLE EAST: Emirates plans to expand in Americas
Impractical security bill unlikely to survive in US Senate
There are hopeful signs that a bill, which calls for intensified screening of aircargo on passenger aircraft heading toward the US, which already passed by theDemocratic-controlled Congress last month, is unlikely to survive in the Senate. The provisions were part of a House bill that was promoted as the first legislationto pass in Congress this year with the approval meant to signal new leadership'spriorities in pushing through security recommendations of the commission thatinvestigated the … [Read more...] about Impractical security bill unlikely to survive in US Senate
EGL’s CEO bids to acquire the company
EGL's largest shareholder, the company'sfounder and chief executiveofficer James Crane, along with privateequity company, General Atlantic, havesubmitted a proposal to acquire all ofthe outstanding equity interests of EGLfor $36 per share in cash. Crane is Houston-based EGL'sbiggest shareholder, with 18 percent.EGL's board of directors has formeda Special Committee of independentdirectors to review and evaluate theproposal. However, the company hasmade it clear that no decision has beentaken … [Read more...] about EGL’s CEO bids to acquire the company
Indian express industry set to grow
India's express industry isexpected to register a growthof at least 20 percent perannum during the next fiveyears and more than doubleits size by 2012, accordingto a study by rating agencyCredit Analysis & Research(CARE). Opening of banking,insurance, retail, aviationand telecom sectors and theirpenetration to smaller citieswould be the major growthdriver. According to CARE, thesize of India's courier industrycurrently stands ataround Rs 7,100 crore andis estimated to have grownat 33 … [Read more...] about Indian express industry set to grow