Teleport, the logistics venture of airasia digital, is further reinforcing its position as a main air logistics player in Asia with the operation of its first freighter, a dedicated 737-800F, as well as two converted A320 passenger planes, with seats removed for increased capacity. The 737-800F will start operations starting the third quarter of this year and will operate out of the hub in Bangkok. Teleport says the additional capacity will strengthen its route network between China, India … [Read more...] about Teleport bolsters network with full and converted freighters
Logistics
JD Logistics raises US$3.1b in IPO, launches charter flights
Chinese e-commerce giant JD has opened an air cargo route to Thailand and will operate all-cargo charter flights between Shenzhen and Bangkok starting 28 May, marking its first in the Asia Pacific region. The move comes after the company successfully listed on the Hong Kong bourse, with the IPO raising an estimated HK$24.11 billion or around US$3.1 billion. The charter flights will run between Shenzhen Bao’an Airport and Bangkok Suvarnabhumi Airport three times a week with same-day return … [Read more...] about JD Logistics raises US$3.1b in IPO, launches charter flights
Asia Pacific to take lead in ecommerce logistics
The global e-commerce logistics market grew 27.3% in 2020, according to the latest data from Transport Intelligence, reflecting a surge in e-commerce demand, exacerbated by the coronavirus pandemic. With a market share of 41.6% globally, Asia Pacific represents the world’s largest market, with China leading the way. 2020 growth The Asia Pacific e-commerce logistics market grew 22% in 2020. Valued at around €153b, it is the largest regional market, accounting for 41.6% of the global total. In … [Read more...] about Asia Pacific to take lead in ecommerce logistics
PLG: Turning market gaps into opportunities
When the first wave of coronavirus cases prompted Singapore to implement a circuit breaker, Pacific Logistics Group was in charge of storing the country’s food supply. As one of the leading homegrown logistics companies in the city state, PLG is playing a crucial role in supply chains across Southeast Asia. Operating across 20 locations in 11 countries, the company handles air freight for perishables and livestock and provides warehousing solutions for frozen and chilled food. With limited … [Read more...] about PLG: Turning market gaps into opportunities
YCH: Pushing Asia’s supply chains to new frontiers
Technologies like AI, data analytics, IoT and blockchain are pushing the boundaries of what supply chain and logistics companies can do to significantly improve their operations. As supply chain management continues to increase in complexity, more industry players will depend on new technologies to better understand where their business stands. Singapore-based YCH Group knows its business and is putting innovation at the heart of its development and growth. Located at Supply Chain City, … [Read more...] about YCH: Pushing Asia’s supply chains to new frontiers
JD Logistics IPO in Hong Kong moves back on track
JD.com, China's number 2 e-commerce company, has filed the draft prospectus to list its logistics unit with the Hong Kong’s stock exchange. A timing for the IPO was not disclosed but according to reports the company is eyeing to raise at least US$4 billion. Late last year, the company got $4.5 billion in June via a secondary listing and listed its online healthcare unit JD Health International Inc. and raised over $3.4 billion. It expects $40 billion valuation for JD Logistics. If … [Read more...] about JD Logistics IPO in Hong Kong moves back on track
