Others News
- Shanghai News
Date: 27-Nov-2007 Sources: (People's Daily)
DHL, the world's leading express and logistics company, inked a deal with the Shanghai Airport Authority on Monday to invest 175 million U.S. dollars on a new north Asia cargo hub at the Shanghai Pudong International Airport.
The move followed the announcement UPS to establish an international cargo hub at the airport on April 12 this year. Pudong airport is to be the first airport in the world with two international cargo hubs, said sources with the airport.
'The investment of DHL signals that Shanghai has become an international center for cargo transportation,' said Wu Nianzu, board chairman of the Shanghai Airport Authority.
'After both hubs go into operation, the Pudong airport might become the world's top three in terms of cargo transportation,' he said.
Freight volume handled at the airport stood at 2.16 million tons last year, making the airport world's sixth biggest cargo transporter, according to an earlier report by China News Service.
The north Asia cargo hub increased DHL's total investment in the Asia-Pacific region to 2.2 billion U.S. dollars, and would improve DHL's network in the region, where it has 50 ports and gateways.
The first stage of the project is due to be finished by 2010, when an express service center covering 88,000 square meters will come into use.
Owned by Germany's Deutsche Post, DHL provides express service, air parcel, ocean shipping, inter-continental transportation, logistics and international postal service to more than 220 countries and regions. Its revenue in 2006 exceeded 60 billion euro.
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