Monthly Archives for December 2014

Despite loss, new CEO says UTi Worldwide is past 'turning point' Less than a day after CEO and board member Eric W. Kirchner resigned, logistics operator UTi Worldwide posted weaker-than-expected results for its third quarter, reporting a $34 million net loss on a 6.6 percent year-over-year drop in revenue to $1.08 billion. The CEO resignation […]

GLP makes giant move into US. logistics real estate HONG KONG — Singapore-based Global Logistic Properties took a break from its rapid China expansion to partner with GIC in acquiring one of the largest logistics real estate portfolios in the US for $8.1 billion. The transaction provides immediate scale in the U.S., growing GLP’s fund […]

Distribution issues hold back India’s e-commerce business HONG KONG — India’s fast growing e-commerce market is facing some formidable challenges, with nation-wide distribution among the key issues logistics services providers must overcome. “Logistics is where the promise of online gets the offline reality check,” is how Citi Research put it in a recent report on […]

China auto logistics giant links with UTi to unlock global market HONG KONG — UTi Worldwide Inc. has created a strategic partnership with the largest auto logistics provider in China in a move that will position both companies for an expected increase in the exporting of finished vehicles to overseas markets. The UTi partnership with […]

Consolidation coming to China’s price driven courier market HONG KONG — Low barriers to entry and soaring demand are stimulating fierce competition in China’s domestic courier business, but for half the companies in the market it will be a race to the bottom. Because of the intense price competition, China Express Consulting Network estimates over […]

Vietnam grows factory market share at China’s expense, HSBC index shows HONG KONG — Manufacturing of labor intensive products has been migrating away from China in the past few years, much of it to neighbouring Vietnam, but that process appears to be speeding up, according to the latest reading of the HSBC purchasing manager’s index. […]