Category Archives for Uncategorized

Rising sales see GLP customers adding China warehouse space HONG KONG — Growing domestic consumption in China has seen four companies expanding their Global Logistic Properties warehousing space by 700,000 square feet in six locations across the country. The existing GLP customers have signed lease agreements and will use the facilities to handle the domestic […]

Three firms appear on shortlist to buy APL Logistics HONG KONG — APL Logistics is moving closer to the checkout queue with three companies reportedly on the shortlist to buy the NOL Group logistics unit, one based in Korea and two U.S. firms. So far CJ Korea Express, South Korea’s largest transport and logistics company, […]

CEVA expands Singapore warehouse footprint HONG KONG — CEVA Logistics has become the latest global supply chain company to expand its warehouse presence in Singapore with the a new facility at Jalan Buroh near Jurong Port in the west of the city state. The 57,000-square-yard warehouse and office will be the company’s largest facility in […]

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. […]

Online solutions key to handling GRIs, surcharges, CargoSphere head says HONG KONG — Keeping track of the constantly changing rates and amendments in the container booking system is complex and an exercise in frustration for forwarders, beneficial cargo owners (BCOs) and NVOCCs, but crucial to establishing a bottom line cost, believes CargoSphere president Neil Barni.  […]