The Holland International Distribution Council (NDL/HIDC), a private non-profit organisation representing around 500 companies and organisations in the Netherlands’ logistics industry, celebrated the offi cial opening of its Hong Kong branch in early September. Speaking at a seminar organised for the offi ce opening, NDL/HIDC President Dirk ‘t Hooft emphasized the importanceof having a presence in Asia. “Due to its excellent connections to the world’s major economic … [Read more...] about Holland comes to Hong Kong
Menlo takes over Cougar
Menlo Worldwide has announced completion of the acquisition of Southeast Asia freight forwarder and logistics company Cougar Holdings Pte Ltd. Cougar and its subsidiary Cougar Express with operations in Singapore, Malaysia and Thailand, was acquiredfor US$33.9 million. The acquisition adds 12 operating locations in the region and a client base of nearly 200 businesses. In its most recent fi scal year, Cougar Express recorded US$23 million in revenues.“The completion of this transaction … [Read more...] about Menlo takes over Cougar
New Shanghai park for ProLogis
ProLogis , the world’s largest owner, manager and developer of distribution facilities, announced today that it will develop a new distribution park near Shanghai Hongqiao International Airport, one of China’s primary aircargohubs. The park, to be called ProLogis Park Hongqiao West, will total over 1.8 million square feet (170,000 square meters) at full buildout on a 48-acre parcel. Total investment at the site will be approximately US$60 million.“We expect strong growth in … [Read more...] about New Shanghai park for ProLogis
US$60 million China expansion for Menlo Worldwide
Menlo Worldwide, LLC, the global logistics subsidiary of Con-way Inc. announced today the signing of an agreement to purchase Chic Holdings Ltd. and its wholly owned subsidiaries Shanghai Chic Logistics Co. Ltd. and Shanghai Chic Supply Chain ManagementCo. Ltd. Menlo said it is acquiring privately held Chic Holdings Ltd., a corporation registered in the Cayman Islands, and all of its assets and subsidiaries for a cash payment of US$60 million plus an undisclosed future earn-out … [Read more...] about US$60 million China expansion for Menlo Worldwide
World Courier expands China logistics network
World Courier has extended its network in China to 36 major cities, enabling the company to offer cold chain transport services for biological specimens, investigational drugs and supplies to every clinical trial location currently approved by the ChineseState Food & Drug Administration. According to Henning Voss, World Courier’s director, North Asia, China is poised to become the fourth largest pharmaceutical market by 2012. “China presents many infrastructure challenges … [Read more...] about World Courier expands China logistics network
Associations demand logistics law
Aiming to boost competitiveness and preparedness for liberalisation of the Indonesian logistics sector, at least 10 domestic associations have asked the government to create special logistics law. The associations said the sector hasnot been properly regulated. Chairman of Indonesian Air Cargo Agents (ICAC) Mufti Syafei said in the associations’ meeting in August all expressed the need to have specifi c law that will assure the growth of this sector. Rapid growth and an influx of … [Read more...] about Associations demand logistics law
