FedEx Corp has completedthe purchase of TianjinDatian W. Group's 50 percentshare of the FedEx-DTWInternational Priority expressjoint venture and DTWGroup's domestic expressnetwork in China. FedEx and DTW signedthe purchase agreementmore than a year ago. "China continues to beone of the fastest growingmarkets in the express industryand a key to FedExinternational growth andprofitability," said MichaelDucker, president of FedExExpress International. "With more than … [Read more...] about FedEx completes acquisition
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TNT opens life sciences hub
TNT Express has openedits Life Sciences Express Hubin Singapore - its largest lifesciences regional distributioncentre (RDC) in the world. The RDC spans 65,000square feet, which costs more than S$8 million to develop,is TNT's largest investmentin Singapore. It is expectedto handle at least US$100million worth of medicalequipment every year. Life sciences companiesin Europe and the US willbe able to base their logisticshub in Singapore and deliverproducts to customers in Asiawithin 24 … [Read more...] about TNT opens life sciences hub
FedEx to offer domestic service in China
FedEx Express said that itwill offer next-business-daydomestic express service inChina beginning May 28,2007. The new domestic offeringwill connect businesses bothwithin China and aroundthe world. The new domesticservices, expected to be fullyoperational in June 2007, willserve China's burgeoningmarket with next-businessday,time-definite deliveryservice to 19 cities and aday-definite service to morethan 200 cities throughoutthe country. Real-time packagestatus tracking will letcustomers know … [Read more...] about FedEx to offer domestic service in China
DHL in ‘massive deal’ with LH Cargo
Reports say that DHL andLufthansa Cargo are in thefinal stages of negotiating anew partnership to providelong-haul capacity for thecompany's express services,which insiders believe will bemore extensive than DHL'srecent pact with Polar AirCargo. Emirates SkyCargo, whichtogether with Cargolux andLufthansa Cargo was amongthe airlines, which participatedin the secret tenderprocess, declined to discussthe outcome of the tenderother than by saying that "you win some, you lose … [Read more...] about DHL in ‘massive deal’ with LH Cargo
UPS ditches A380 freighter order
UPS last month cancelledits order for the cargo versionof the Airbus A380 becausethe aircraft would not bedelivered soon enough. The world's largest packagecarrier had been the onlycustomer for the freighterversion after FedEx earliercancelled its order. Originally, 10 freighterswere to be delivered to UPSbetween 2009 and 2012, withoptions for 10 more. After discussions with theEuropean aircraft manufacturerUPS received a reviseddelivery schedule, whichdelayed the first plane until2012. … [Read more...] about UPS ditches A380 freighter order
Airbus
Airbus said that the A320 passengerto-freighter conversion (23 tonne payload)will cost about $4.5million andthe A321(27 tonne payload) will costabout $5million. The joint programmewith Russia is to start in 2010. … [Read more...] about Airbus
