Malaysia’s GD Express Carrier (GDEX) has offered its 10 per cent stake to Japan-listed Yamato Group through its proposed private placement exercise. In a filing with the Kuala Lumpur Stock Exchange, GDEX said Yamato has the intention to acquire additional shares in GDEX for up to a total shareholding of 23 per cent in the future from the existing shareholders. Yamato Group operates six main business segments, namely business-logistics, delivery, e-business, home convenience, financial, … [Read more...] about Japan’s Yamato to buy into Malaysia’s GD Express
Logistics
Air Partner delivers Romanian artefacts to Beijing
Air Partner, working on behalf of TNT Romania for the National Museum of Romanian History (MNIR), successfully helped to deliver a precious cargo of 445 treasured Romanian artefacts to China for the Treasures of Romania exhibition at the National Museum of China in Beijing. The shipment was flown from Bucharest Otopeni airport to Beijing on 12 January aboard a B777 freighter, which was operated by Emirates. Due to the nature of the cargo, all flight clearances had to be secured through … [Read more...] about Air Partner delivers Romanian artefacts to Beijing
Jan de Rijk Logistics acquires De Rooy Logistics
Jan de Rijk Logistics has announced it has acquired Netherlands-based De Rooy Logistics, a specialist in transport, distribution and value added logistics for the spare parts & automotive industry. The company also assembles for the truck manufacturing industry. Jan de Rijk said De Rooy Logistics is a strategic fit which allows it to further expand its current services for the automotive industry. Jan de Rijk Logistics, based in the Netherlands, is a leading provider of transportation … [Read more...] about Jan de Rijk Logistics acquires De Rooy Logistics
Logistics execs fear “economic shock” from China contagion
Supply chain industry executives see a slowing China and fluctuating oil prices as the top threats to emerging markets growth in 2016 and are bracing for more volatility in the global economy. In a new survey of more than 1,100 global logistics and supply chain executives, respondents identified the possibility of an “economic shock” as the leading risk for the Asia-Pacific region, reflecting concern that a slowing China could have a ripple effect on the region. Seven of the 11 Asia-Pacific … [Read more...] about Logistics execs fear “economic shock” from China contagion
Logistics execs fear "economic shock" from China contagion
Supply chain industry executives see a slowing China and fluctuating oil prices as the top threats to emerging markets growth in 2016 and are bracing for more volatility in the global economy. In a new survey of more than 1,100 global logistics and supply chain executives, respondents identified the possibility of an “economic shock” as the leading risk for the Asia-Pacific region, reflecting concern that a slowing China could have a ripple effect on the region. Seven of the 11 Asia-Pacific … [Read more...] about Logistics execs fear "economic shock" from China contagion
Kerry Logistics wins inland port concessions in Myanmar
Kerry Logistics Network Limited has announced that its subsidiary, KLN (Singapore) Pte Ltd, has been awarded concession to operate inland ports in Yangon and Mandalay, two major commercial cities in Myanmar. In a bid to seize new opportunities for cross-border trade upon entering the Association of Southeast Asian Nations (ASEAN) Economic Community, the government of Myanmar has committed to developing the railway transportation potential and promote mass cargo transportation in the … [Read more...] about Kerry Logistics wins inland port concessions in Myanmar
