DHL has acquired a 49 percent minority equity interest and a 24.9 percent voting interest in Miami-based ASTAR Air Cargo. DHL also extended its ACMI contract with the carrier through 2019. The fi nancial terms of DHL’s investment in Astar were not disclosed. DHL has contracted under its current ACMI arrangement with Astar for air transportation services since 2003, when an investment group led by Astar chairman, president, and CEO John Dasburg purchased Astar. Astar operates a fl eet of 44 … [Read more...] about DHL buys stake in ASTAR Air Cargo

DHL has inaugurated its new 5 billion yen (US$41 million) expanded facility at Kansai International Airport, part of the express company’s commitment to invest almost 11 billion yen in Japan in the next few years. The 10,100 sqm DHL Kansai International Airport Gateway, located at the International Cargo Warehouse C, is the largest facility operated by an international express company at the airport. … [Read more...] about DHL opens larger facility at Kansai

Deutsche Post World Net (DPWN) has expressed interest in acquiring Sinotrans’stake in the Exel-Sinotrans Freight Forwarding joint venture, Xinhua news agency reported. This follows a Reuters report that Sinotrans is currently revisiting its corporate strategy and plans to shift key assets into its Hong Kong unit. Industry speculation is further fuelled by reports in April that Sinotrans’ CEO indicated an interest in selling the company’s stake in the joint venture. Half of … [Read more...] about DHL eyes bigger piece of Exel-Sinotrans

Shares of Indian express operator Blue Dart Express surged last month on talk that DHL has agreed to an offer price of Rs 950 per share to acquire the remaining stake in the company. DHL acquired a majority stake in Blue Dart in 2004 and has since then been trying to acquire the residual stake and delist the company. DHL currently holds a little over 81 percent in Blue Dart through DHL Express Singapore, while institutional investors collectively hold 10.34 percent. Individual investors have … [Read more...] about DHL to acquire residual Blue Dart stake

Come the 2007 winter fl ight schedules, Lufthansa Cargo is discontinuing its freighter fl ights into and out of Cologne. Those services will instead be operated through Leipzig-Halle Airport from 28 October 2007. The freighter fl ights are being transferred in conjunction with the opening in Leipzig of the DHL Express Europe hub. In 2008, Leipzig is scheduled to become the DHL Express central hub in its European express network. DHL Express and Lufthansa Cargo have been jointly operating a … [Read more...] about EUROPE: LH Cargo moves freighters to Leipzig