Germany’s Deutsche Post has emerged as a potential bidder for a stake in Britain’s Royal Mail, as the UK government attempts to partially privatise the stateowned postal company. The parent of express and logistics giant DHL has joined a short list including TNT and CVC, a private equity company already active in the European postal industry. The government says indicative bids are due in April and firm offers are expected in the summer. Business minister Peter Mandelson said a … [Read more...] about Deutsche Post potential Royal Mail bidder
asia cargo news
TNT and Con-way strike new partnership
TNT and Con-way Freight announced a partnership to link their respective road networks in Europe and the US, in what they say will translate to cost-effective, high quality express freight services between both sides of the Atlantic. The agreement establishes Conway Freight as TNT’s primary road transportation partner for deliveries of ‘Economy Express’ parcels and freight across the US. Similarly, Conway Freight’s network will be linked to TNT’s global air … [Read more...] about TNT and Con-way strike new partnership
FedEx pulls 14 aircraft from service
FedEx Corp is pulling capacity as the ongoing downturn hits its global express business, with the US-based carrier announcing in a notice to the Securities and Exchange Commission recently that it will remove 10 Airbus A310-200s, four Boeing MD10-10s from service between now and the end of the quarter ending May 31. … [Read more...] about FedEx pulls 14 aircraft from service
Jade Cargo focuses on future
The speed with which the air cargo industry unraveled stunned everyone, and left in tatters the best laid plans of most cargo carriers. “At the end of last year our networkplan and budget was history,” says Kay Kratky, CEO Jade Cargo International,as he describes the rapid plunge of themarket. “There was overcapacity in the market by at least 50 per cent, load factors on those routes that used to be the cash cows for the industry were declining dramatically and as a result, … [Read more...] about Jade Cargo focuses on future
China tightens grip on airline approval rules
As the global economic crisis has plunged the aviation industry into turmoil, China’s aviation watchdog, the Civil Aviation Administration of China (CAAC), has stopped accepting applications for new airlines until 2010. Approval for airlines to set up new units has also been tightened as CAAC moves to beef up the industry’s efficiency and safety, while stressing that it will treat cargoand regional units exceptionally. CAAC has released a new set of rules entitled ‘Opinion … [Read more...] about China tightens grip on airline approval rules
Northern China less affected by crisis
The relative economic stability around Beijing, Tianjin and Shenyang is a result of a wide spread industrial mix ranging from producers of machinery and consumer goods, electronics, chemical and pharmaceutical firms, the fast growingaerospace sector and logistics service providers that have established branchesthere. Instead of exporting everything – in southern China’s Guangdong 90 per cent of the goods are shipped or flown to foreign markets - many of these northeastern China … [Read more...] about Northern China less affected by crisis