Siemens Logistics has agreed to sell its mail and parcels business to German technology group Koerber for 1.15 billion euros ($1.31 billion). Insider report about the sale of Siemens Logistics’s postal business, which recorded annual revenue of half a billion euros, has circulated since November of last year. The airport logistics business, which produces baggage and cargo handling solutions, will remain with Siemens Logistics, the company said. The deal with Koerber is expected to be … [Read more...] about Siemens Logistics agrees to sell parcel unit for US$1.3b
Logistics
Interview: UPS’ Sebastian Chan on logistics, digitalisation
Small and medium businesses make up the bulk (around 97 percent) of businesses in Asia Pacific, and more logistics players are enhancing their services to tap this ever-growing market. The added effect of e-commerce and at-home consumption is driving growth for most of these enterprises and prompting the need to expand. In our latest issue, Payload Asia got a chance to talk to Sebastian Chan, president of UPS Supply Chain Solutions, on how the company is gearing up with digitalization and … [Read more...] about Interview: UPS’ Sebastian Chan on logistics, digitalisation
Lufthansa joins MSC in bid for Italian airline
Mediterranean Shipping Co. plans to own a controlling stake in new Italian flag carrier ITA Airways in a deal valued somewhere around US$1.4 billion, which would include German airline Lufthansa. Lufthansa would act as an industrial partner and possibly consider up to 40 percent equity involvement, but some analysts think it is unlikely to make an immediate investment. The airline, exiting restrictions on merger activity that came with its 9 billion-euro government bailout, has paid back … [Read more...] about Lufthansa joins MSC in bid for Italian airline
Airbus launches new cargo service with Beluga fleet
Airbus has launched a new air cargo service using its unique BelugaST fleet to offer freight companies and other potential customers a solution to their outsized freight transport needs. The new service—Airbus Beluga Transport—will target a variety of sectors, including space, energy, military, aeronautic, maritime and humanitarian sectors. The first mission took place at the end of 2021 with a delivery from Airbus Helicopters’ manufacturing site in Marignane to Kobe in Japan for an … [Read more...] about Airbus launches new cargo service with Beluga fleet
Cainiao to spend US$47m to serve Chinese New Year rush
Press release Cainiao Network is committing RMB 300 million (US$47 million) in subsidies to incentivize over 150,000 logistics employees and courier personnel in 300 Chinese cities to ‘safeguard’ logistics services ahead of the upcoming Spring Festival holiday in China. For consumers, this means that eCommerce purchases made on Alibaba platforms such as Taobao and Tmall will be dispatched as per normal, both in China and around the world. In anticipation of a surge in consumer demand, … [Read more...] about Cainiao to spend US$47m to serve Chinese New Year rush
B&H sees ‘hand carry’ as answer to urgent AOG shipments
B&H Worldwide plans to enhance its services in US, South America, Asia and intra-Europe as it looks to cater to the demand in on-board courier (OBC) requirements. The aerospace logistics player says customers are turning to OBC as a reliable means of delivering time-critical AOG (aircraft on ground) shipments, becoming an alternative option to traditional freight movements. Also read: B&H Worldwide expands Singapore operations B&H Worldwide adds that it has … [Read more...] about B&H sees ‘hand carry’ as answer to urgent AOG shipments