Thursday, February 22, 2007

DHL sees strong growth in South Asia

Rising trade within south Asia and Asia-Pacific is boosting growth of express delivery shipments, but a trend toward more local sourcing is a challenge, top regional officials at DHL Express said on Wednesday.
The express delivery arm of Deutsche Post AG has more than half the market for international express in south Asia, and expects growth in shipment volumes to continue in the 'strong double digits'.
DHL Express has invested $1.7 billion in Asia-Pacific in the past six years, with more than half going into greater China and about $300 million in India. It is spending more than $110 million expanding its China business over the next few years.
In India, DHL owns 81 per cent in logistics firm Blue Dart Express Ltd and 47 per cent in Blue Dart Aviation, the sole domestic freighter operator. Blue Dart competes with Gati Ltd and smaller regional firms.
21/02/07 Financial Express