DHL makes major move in India

DHL said a deal by its parent company will position it as the leader in international freight forwarding, supply chain management and customs brokerage in India.
Plantation-based DHL said the consolidated joint venture will combine the businesses of DHL Danzas Lemuir Pvt. Ltd. and Exel India Private Ltd., which recently acquired the contract logistics and customs house brokerage operations for general cargo from Lee & Muirhead Pvt. Ltd.
The consolidated logistics business is to trade under the DHL brand as DHL Global Forwarding for the freight forwarding business and DHL Exel Supply Chain for contract logistics.
The combination is to have more than 2,000 employees and 150 facilities.
DHL estimated the Indian logistics market as worth at about $45 billion today. By 2015, the company said it expects that market to be worth almost $122 billion.
25/05/07 South Florida Business Journal, US

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Categories: Cargo May 2007, Foreign May 2007