The CEO of Deutsche Post's DHL, Frank Appel has given an “unequivocal" denial that the logistics giant is looking to shed its troubled freight forwarding division, dismissing the flurry of reports as nothing more than “false rumours”. In a statement Deutsche Post DHL Group CEO, Frank Appel, said: “To clear up false rumours and to be unequivocal, Deutsche Post DHL Group is not exploring the sale of our Global Forwarding and Freight Division. “We have a market-leading position in this … [Read more...] about DHL chief issues “unequivocal” denial of global forwarding sale
Logistics
DHL chief issues "unequivocal" denial of global forwarding sale
The CEO of Deutsche Post's DHL, Frank Appel has given an “unequivocal" denial that the logistics giant is looking to shed its troubled freight forwarding division, dismissing the flurry of reports as nothing more than “false rumours”. In a statement Deutsche Post DHL Group CEO, Frank Appel, said: “To clear up false rumours and to be unequivocal, Deutsche Post DHL Group is not exploring the sale of our Global Forwarding and Freight Division. “We have a market-leading position in this business … [Read more...] about DHL chief issues "unequivocal" denial of global forwarding sale
SingPost ups stake in Shenzhen e-commerce company
Singapore Post Limited (SingPost) has purchased an additional 17.91 per cent of the equity in eCommerce cross-border solutions provider, Shenzhen 4PX Information Technology Co. Ltd (4PX). The deal worth RMB163.16 million (US$25 million) will see SingPost, through its wholly-owned subsidiary Quantium Solutions International (QSI), increase its equity interest in 4PX from 18 per cent to 35.91 per cent. Headquartered in southern China’s Pear River Delta region, 4PX is one of China’s top … [Read more...] about SingPost ups stake in Shenzhen e-commerce company
Indonesia announces “big bang” opening up including logistics, e-commerce sectors
Indonesia’s President Joko Widodo unveiled plans this week for a "big bang" loosening of restrictions on foreign investment covering nearly 50 sectors of the economy - including the logistics sector - in order to stimulate economic expansion to reach a 7.0 per cent year-on-year gross domestic product (GDP) growth rate by 2019. The changes to Indonesia's Negative Investment List (Dafter Negatif Investasi) - the document that stipulates to what extent foreign investors can own businesses in … [Read more...] about Indonesia announces “big bang” opening up including logistics, e-commerce sectors
BDP expands in Egypt with new Cairo office
BDP International, a leading privately held global logistics and transportation services company, is opening an office in Cairo, Egypt this month. The Cairo office will serve the chemical/ petrochemical, healthcare, energy, retail and automotive sectors with a range of services, including ocean/ air export and import, import/ export customs clearance, project logistics, ground transport and warehousing/ distribution. In addition to the Cairo location, BDP plans to open a second Egypt-based … [Read more...] about BDP expands in Egypt with new Cairo office
CEVA Logistics’ new US Customs Brokerage System up and running
CEVA Logistics has announced it has successfully completed the implementation of a new Customs brokerage system across its US operation. CEVA initiated the move to introduce state-of-the-art systems following a mandate from US Customs which requires all forwarders to file their entries using ACE (the Automated Commercial Environment) by the end of February this year. At that point, ACE becomes the primary system through which the trade community – including forwarders – must report all imports … [Read more...] about CEVA Logistics’ new US Customs Brokerage System up and running
