Which corner is ABX in?

[abxaviator]

ANA in challenge to DHL and FedEx
By Jonathan Soble, Financial Times, Wednesday December 19, 2007


All Nippon Airways plans to challenge DHL and Federal Express in Asia by joining forces with two Japanese transport groups to launch a door-to-door express parcel service. The airline will take a 34 per cent stake in the venture, targeting business-to-business customers, according to a memorandum of understanding signed yesterday. Nippon Express, the general transport company, and Kintetsu World Express will each take a 28 per cent share while other forwarding groups will take the remaining 10 per cent.
The venture is to begin operating next April. The name and total investment have not been decided. The business will use a freight hub developed by ANA on Okinawa, close to mainland China. ANA will provide aircraft, while Nippon Express and Kintetsu will contribute ground-based logistics. European and US delivery groups dominate the Asian express parcel market and are adding infrastructure. Germany's DHL, which leads with about a one-third share, said last month it would build a $175m north-east Asian hub in Shanghai.
Second-ranked Federal Express opened a Chinese domestic hub this year and plans to shift its Asia-Pacific centre from Subic Bay in the Philippines to a larger facility in Guangzhou in 2009. Satoru Aoyama, analyst at Fitch Ratings, said a challenge for the ANA venture would be to draw custom from outside the three partners' roster of Japanese clients. "To challenge the big companies they will need to invest heavily," he said.

 

[§kyye Candy]

ANA in challenge to DHL and FedEx
By Jonathan Soble, Financial Times, Wednesday December 19, 2007


All Nippon Airways plans to challenge DHL and Federal Express in Asia by joining forces with two Japanese transport groups to launch a door-to-door express parcel service. The airline will take a 34 per cent stake in the venture, targeting business-to-business customers, according to a memorandum of understanding signed yesterday. Nippon Express, the general transport company, and Kintetsu World Express will each take a 28 per cent share while other forwarding groups will take the remaining 10 per cent.
The venture is to begin operating next April. The name and total investment have not been decided. The business will use a freight hub developed by ANA on Okinawa, close to mainland China. ANA will provide aircraft, while Nippon Express and Kintetsu will contribute ground-based logistics. European and US delivery groups dominate the Asian express parcel market and are adding infrastructure. Germany's DHL, which leads with about a one-third share, said last month it would build a $175m north-east Asian hub in Shanghai.
Second-ranked Federal Express opened a Chinese domestic hub this year and plans to shift its Asia-Pacific centre from Subic Bay in the Philippines to a larger facility in Guangzhou in 2009. Satoru Aoyama, analyst at Fitch Ratings, said a challenge for the ANA venture would be to draw custom from outside the three partners' roster of Japanese clients. "To challenge the big companies they will need to invest heavily," he said.

ANA has been ramping up for quite some time now, and has obvious plans in the works for a US venture as well. I'm curious if they may not be trying to sign their own contract with ABX in lieu of the DHL relationship ABX has currently. There was also an agreement signed recently via the WTO to give more international business to DHL in the U.S. as a trade concession... it will be interesting to see how that all happens. ANA has been ramping up in Asia for quite some time now and I noticed that South Korea is the latest hub acquisition for DHL. Things are getting very interesting in the freight forwarding biz.

 

[§kyye Candy]

DHL to wholly control Sinotrans Air Transport

http://www.tradingmarkets.com/.site/news/Stock News/922858/


STOCK NEWS

DHL to Wholly Control Exel-Sinotrans Freight Forwarding
Tuesday, December 18, 2007; Posted: 05:04 AM

SHANGHAI, Dec 18, 2007 (SinoCast via COMTEX) -- DHL, one of the world's largest express services providers, has signed an agreement with Sinotrans Air Transportation Development Co., Ltd. (600270, SH) on buying a 50% stake in Exel-Sinotrans Freight Forwarding Co., Ltd. from the latter.

Exel-Sinotrans Freight Forwarding is a 50-50 joint venture between China National Foreign Trade Transportation (Group) Corporation, parent of the listed company, and Exel, which was bought by Deutsche Post World Net, parent of DHL in 2005. The venture, which deals in international freight forwarding operations of ocean-shipped and air-transported cargo, had CNY 74.1429 million net profits in 2006.
The listed company sold its 50% stake in the venture at the China Beijing Equity Exchange with a reserve price at CNY 628.5 million. DHL, which holds most of the customers of the venture, eventually signed for the equity.
DHL, which has three main operations in China, namely express, transport logistics and supply chain management, will has speed up investing in China, for instance, it announced this November to invest its North-Asian hub in Shanghai by USD 175 million.

From dycj.ynet.com, Page 1, Monday, December 17, 2007 [email protected]