Speed Post Leads the Race in Express Mail
Speed Post has emerged as a market leader in the express mall category with a `27.55%` volume share, a study commissioned by the Department of Post (DoP) and government of India shows. According to the study, almost `46.67%` crore articles were sent by express mail in `05-06`. The study values the express mail industry alone (excluding logistics and cargo which account for almost `35-40%` of private firm's turnover) at around `1500rs` crore. In volue terms, while Speed Post is the leader, Blue Dart is a close second with a `20%` market share, followed by DTDC with a `11.91%` share and First Flight with a `10.89%` share. "This has been possible because of our competitive pricing. We are offering the same services as other private couriers do, with the same efficiency but at half the rates", added Mr. Samuel. In fact, Speed Post claims that its volumes have increased by almost `30-40%` after the introduction of the One India One Rate scheme. Express companies are hope ful that the market is going to groq further with the setting up of SEZs and greater economic activity in the country fuelled by the increasing through out from the manufacturing sector.
Mention the type of product provided by Speed Post.

Explanation

Services