Damco expands Zhengzhou operation to capture growing market HONG KONG — Fresh from a dismal third quarter, freight forwarding and logistics provider Damco is expanding its multimodal presence in China’s electronics manufacturing hub of Zhengzhou. The logistics unit of the Maersk Group has opened a new commercial office in the Henan Province city that is […]
Read More →SingPost, UPS pour investment into e-commerce infrastructure
on November 17, 2014in Uncategorized
SingPost, UPS pour investment into e-commerce infrastructure HONG KONG — China’s e-commerce business catches the headlines because of the sheer scale of internet shopping in the country, but the growing trend towards ordering goods online is seeing huge investment in infrastructure and technology being made outside its borders, both in Asia and in the U.S. […]
Read More →Retailers turn to air cargo and disclose higher West Coast-related costs
on November 15, 2014in Uncategorized
Retailers turn to air cargo and disclose higher West Coast-related costs Retailers are on the losing end of U.S. port congestion, forced to make costly, last minute transportation decisions because of clogged West Coast ports. Women’s clothing retailer Ann Taylor CEO Kay Krill said the company has been forced to convert some shipments to airfreight […]
Read More →As They Said It: Nov. 3-8, 2014
on November 9, 2014in Uncategorized
As They Said It: Nov. 3-8, 2014 Notable quotes from JOC.com, Nov.3-8. “We are at the mercy of the carriers, the port workers and the truckers. The holiday season is not looking pretty for anyone.” — Anonymous shipper surveyed by JOC.com in “Shippers in JOC survey expect LA-LB congestion to worsen,” Nov. 3. […]
Read More →Fraud reports send wary Sinotrans investors racing for the exits
on November 6, 2014in Uncategorized
Fraud reports send wary Sinotrans investors racing for the exits HONG KONG — Jittery shareholders of China logistics operator Sinotrans frantically off-loaded shares following mainland media reports that its subsidiaries were involved in making multiple pledges of the same inventory as loan collateral. Sinotrans shares plunged almost 30 percent on the Hong Kong Exchange before […]
Read More →Expeditors International to expand into Asia-Europe market
on November 6, 2014in Uncategorized
Expeditors International to expand into Asia-Europe market Expeditors International of Washington, the largest non-vessel operating common carrier in the trans-Pacific eastbound market, will expand into the Asia-Europe market The announcement, which was highlighted by investment research firm Stifel in a research note, was made during the Expeditor’s third-quarter earnings report, in which the company saw […]
Read More →With $500 million Contrans deal pending, TransForce builds trucking revenue
on November 4, 2014in Uncategorized
With $500 million Contrans deal pending, TransForce builds trucking revenue Canada’s largest trucking operator got larger in the third quarter, increasing revenue 27 percent in the third quarter thanks to the cumulative effect of multiple acquisitions. What could be the company’s largest acquisition — the nearly $500 million purchase of Contrans, a $573.2 million Canadian company […]
Read More →Logistics developers keep China foot on expansion pedal
on November 4, 2014in Uncategorized
Logistics developers keep China foot on expansion pedal HONG KONG — Foreign logistics property developers continue to beef up their business in China’s fast growing inland provinces, with Australia’s Goodman Group and Singapore-listed Global Logistics Properties (GLP) this week adding almost 900,000 square feet of combined leased space to existing customers. Goodman signed a second […]
Read More →Logistics developers keep China foot on expansion pedal
on November 4, 2014in Uncategorized
Logistics developers keep China foot on expansion pedal HONG KONG — Foreign logistics property developers continue to beef up their business in China’s fast growing inland provinces, with Australia’s Goodman Group and Singapore-listed Global Logistics Properties (GLP) this week adding almost 900,000 square feet of combined leased space to existing customers. Goodman signed a second […]
Read More →Survey: Retailers set earlier holiday shipping deadlines this year
on November 2, 2014in Uncategorized
Survey: Retailers set earlier holiday shipping deadlines this year One year after extreme holiday shipping volumes resulted in millions of missed deadlines, retailers are seemingly backing off last-minute deals in order to guarantee delivery, a new survey shows. A survey of major retailers done by Shop.org, a division of the National Retail Federation, showed nearly […]
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