Latest News

Kerry Logistics buying spree extends global network HONG KONG — Kerry Logistics Network’s acquisition drive has continued into the new year, as the company added majority stakes in two Canadian forwarding companies barely a week after acquiring a Dubai-based logistics operator. The Hong Kong-listed company acquired majority stakes in Total Logistics Partner Ocean Consolidators Inc. […]

Kerry Logistics and Japanese duo set to win China courier approval Hong Kong’s Kerry Logistics could soon be operating in the China domestic courier market.HONG KONG — The door to China’s domestic courier market is about to be opened a little wider for foreign service providers, as the State Post Bureau prepares to green light […]

UPS buys Polish healthcare logistics firm United Parcel Service has agreed to the acquisition of Polish pharmaceutical logistics firm Poltraf from Poland-based investment fund Ortie Capital Investment.  The U.S. delivery giant did not release financial details of the transaction, which it expects to complete in the first half of 2015. The acquisition will add three […]

Asia Development Bank loans $100 million for Myanmar projects HONG KONG — Singapore-listed Yoma Strategic Holdings will receive a $100 million loan from the Asian Development Bank (ADB) to build up Myanmar’s transport and logistics infrastructure urgently needed to create sustainable economic growth. “Investment in connectivity infrastructure is a key factor in creating better access […]

African inland infrastructure woes cost shippers dearly Railworkers built rail line in Mozambique. Photo courtesy of the African Development Bank.Africa’s inland freight network is so troubled that it costs roughly seven times more to ship a container from Mombasa, Kenya, to Burundi, in central Africa, than it is to ship a container from Shanghai to […]

With GENCO acquisition, FedEx turns to returns With the acquisition of GENCO, everything old is new again for FedEx — or at least resellable. FedEx is expected to make bigger inroads into retailer supply chains and overseas e-commerce markets through its acquisition of GENCO, a leading reverse logistics specialist. The deal opens a new market […]

Logistics benefiting from China’s rapid e-commerce growth Online sales are soaring in China as shopping over the internet enters mainstream behavior.HONG KONG — A compound annual growth rate of 24.7 percent is welcome in any business sector, but when that business is e-commerce in China, the numbers being generated quickly reach incredible levels. Last year, […]

SingPost buys Aussie courier for last mile expertise HONG KONG — The $80 million acquisition of an Australian courier company by SingPost subsidiary Quantium Solutions (Australia) last week was all about securing last mile capability in a fast growing market, a critical component of the e-commerce operation. Quantium Solutions bought Australian small parcel delivery company […]

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, […]