DHL’s united road freight network between Asian countries will be profitable for future economic initiatives to stimulate trade.
DHL Global Forwarding is providing air, sea and road freight services in Europe and Asia. DHL has turned out a united road freight network that connects five Asian cities that are Singapore, Penang, Bangkok, Hanoi and Shenzhen. This road freight service between five cities of Asia hits the speed of road freight growth in Asia, which is estimated at an expected compound annual growth rate of 8.3 percent from 2014-2019 and anticipated to move the sector to a value of US$822 billion by the end of 2019.
Road freight
service is more rapid than other modes of transportation
Road
freight is a good alternative then other shipping methods. Road freight service
is providing a more profitable alternative
than air and sea freight. Moreover, the shipping time for sea freight between Shenzhen and
Bangkok takes thirteen days while the road freight service only takes five days. The road freight service
takes less time as compared to sea freight and it is less expensive than sea
and air freight. There are regular departures from five cities and an example
of the transportation time is as, shipping time from Singapore to Penang is one
day, Bangkok to Hanoi is three days, Shenzhen to Hanoi two days, Shenzhen to
Bangkok five days and from Penang to Shenzhen six days. According to CEO, DHL
Asia Kelvin Leung that the company is confident that the trade in Asia Pacific
region will continue to increase and the road freight network is also ready to
help in the expansion of trade.
DHL’s integrated
road freight network will be profitable and trade stimulating
DHL’s
road freight service is a profitable service and also helpful in stimulating the
economy.
This
road freight network will be useful for coming
financial initiatives supporting trade, having laid the foundation that already
connects crucial Asian markets. For example, the ASEAN Economic Community
(AEC) aims to build a single ASEAN market. The plan covers cross-border collaboration
in many areas comprising capacity building, improved groundwork and
communication connectivity, and the improvement of electronic dealings. For
good results, AEC will direct a prosperous ASEAN region among the free movement
of imports, services and investment. According to CEO, DHL Global Forwarding
ASEAN and South Asia Thomas Tieber, that Thailand has a striking chance to make
itself as a strong logistic hub in ASEAN.
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