J&T Global Express Limited a global logistics service provider, announced its 2024 interim results for the first half of 2024. In the first half of the year, J&T’s revenue reached US$4.86 billion, representing a year-over-year increase of 20.6%. Revenue of its core business, express delivery services, reached US$4.74 billion, marking a YoY increase of 33.7%. Gross profit showed a YoY increase of 176.8% to US$540 million. In H1 2024, all of J&T’s profit metrics swung to positive. The … [Read more...] about J&T Express turns to net profit in H1 2024
Express
FedEx launches its Surround® monitoring and intervention solution to enhance global supply chain visibility
Federal Express Corporation, one of the world's largest express transportation companies, announced the launch of its innovative FedEx Surround®, an intelligent solution for monitoring and intervention designed to elevate logistics and supply chain management by enhancing control and visibility of shipments for customers. This solution is currently available for customers in Singapore, and Hong Kong SAR, and will soon be rolled out to additional APAC markets including China, Japan, Malaysia, … [Read more...] about FedEx launches its Surround® monitoring and intervention solution to enhance global supply chain visibility
Australia Post announces three-year strategic partnership deal with IKEA
Australia Post and IKEA announced a new strategic partnership, entering into a three-year agreement to further expand IKEA’s delivery footprint in Australia. With ten stores in six states and territories Australia-wide, the Swedish retailer’s focus on omnichannel retailing through e-commerce and remote selling channels has sparked exponential parcel growth over the past five years, with over 500,000 parcel orders being fulfilled in FY24. Under the new multi-million-dollar deal, Australia Post … [Read more...] about Australia Post announces three-year strategic partnership deal with IKEA
DHL extends partnership with Mitteldeutsche Flughafen AG until 2053
DHL Group has extended the framework agreement with Mitteldeutsche Flughafen AG (MFAG) ahead of schedule by a further 15 years until 2053. The company is making a significant contribution to the economic stability and future viability of Leipzig/Halle Airport and the region. In addition, the Group will continue to expand the aprons over the next few years and reaffirm its commitment to the Schkeuditz site. Tobias Meyer, CEO DHL Group said, “The DHL Hub in Leipzig is an important engine for … [Read more...] about DHL extends partnership with Mitteldeutsche Flughafen AG until 2053
FedEx expands International Connect Plus service to the U.S. and Europe, boosting growth opportunities for Asian SMEs
Federal Express Corporation, one of the world's largest express transportation companies, is expanding FedEx® International Connect Plus (FICP), its international, day-definite, e-commerce shipping service. Already available for e-tailers to send shipments within Asia Pacific markets, the expanded service will now connect to destinations in the U.S. and Europe. Initially, this service expansion will be available to e-tailers operating in China, Hong Kong SAR, and Japan, with other Asia Pacific … [Read more...] about FedEx expands International Connect Plus service to the U.S. and Europe, boosting growth opportunities for Asian SMEs
UPS to acquire Estafeta, providing powerful global logistics solutions and trade opportunities for customers in Mexico and beyond
UPS announced that it has entered into an agreement to acquire Estafeta, a leading Mexican express delivery company. This acquisition is a key part of UPS's 'Better and Bolder' strategy, aimed at becoming the world's premium international small package and logistics provider. “Global supply chains are shifting, Mexico's role in global trade is growing, and Mexican SMB and manufacturing sectors are looking for reliable access to the US market. There is no better way to capitalize on these … [Read more...] about UPS to acquire Estafeta, providing powerful global logistics solutions and trade opportunities for customers in Mexico and beyond