Dutch express company TNT said it will focus on its express parcel and freight operations over the next five years to offset shrinking mail volumes. The group plans to accelerate growth in the US$30 billion-a-year European standard parcels market by targeting next day domestic delivery and economy cross-border shipments. The company outlined its strategy in a five-year plan, dubbed “Vision 2015â€Â, which highlighted the challenges it faces as its domestic and European postal … [Read more...] about TNT foregoes mail for parcels and freight
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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
Good news in harsh times for two HK GSAs
For Pacific Empire International Ltd and OA Cargo Ltd, both units of integrated logistics group ASR Holdings Ltd, the market turbulence worked out to their gain. “We generated 6,000 tonnes in 2008 and expect we can achieve 10,000 tonnes in 2009, which is nearly a 66 per cent year-on-year growth. This year, we were appointed (GSAs) by some new carriers and some airlines increased their frequencies,†says Niki Law, executive director of ASR Holdings Ltd. Among their clients are the … [Read more...] about Good news in harsh times for two HK GSAs