Parcel delivery firm SF Holding is set to acquire a majority stake of Kerry Logistics as it aims to improve its international logistics capacity in a proposed ‘strategic investment and cooperation’ between the two companies, a press release confirmed. The proposed takeover will see the Chinese courier take a 51.8 percent stake in Kerry Logistics at HK$18.8 (US$2.43) per share, with the deal valued at US$2.3 billion. News broke of a potential deal last week as trading for both companies was … [Read more...] about SF Holding takes over Kerry Logistics in $2.3b deal
Logistics
CSafe expands in China as logistics sector sustains growth
Ohio-based CSafe Global, a leader in temperature-controlled container solutions for the transport of pharmaceuticals, continues to expand with two new hub operations in Beijing (PEK) and Guangzhou (CAN), brining its total station count to 11 in the Asia Pacific region. The facility in Beijing will provide 500 square metres of warehouse space to clean and store CSafe RKN and RAP containers, whilst the Guangzhou hub occupies 400 square metres. CSafe partnered with 3PL company C.H. Robinson … [Read more...] about CSafe expands in China as logistics sector sustains growth
Logistics automation platform Slync.io raises $60m in funding
Shipping and logistics process automation company Slync.io last week raised $60 million after closing its series B funding round led by Goldman Sachs Growth. The Dallas-based company said it will use the investment to expand its physical presence in Asia and Europe and develop its core team. Logistics service providers face a major challenge in driving alignment between shippers, forwarders, carriers, and information systems, and whilst enterprises can’t afford to stop and wait for digital … [Read more...] about Logistics automation platform Slync.io raises $60m in funding
No shutdown for Cainiao Network during CNY holiday
Cainiao Network, the logistics arm of e-commerce giant Alibaba, will invest HK$5 million (US$645,000) to keep logistics operations running during the upcoming Lunar New Year festivities, which typically lasts two weeks. The logistics provider of Taobao and Tmall explained that this ‘value-added’ service means businesses in Mainland China and Hong Kong will be able to continue their sales and deliveries even during the traditional Lunar New Year shutdown, and Hong Kong consumers will be able … [Read more...] about No shutdown for Cainiao Network during CNY holiday
CEVA Logistics opens new warehouse in Vietnam
CEVA Logistics has further expanded its reach in Southeast Asia with the opening of a new warehouse located in Bien Hoa City, Dong Nai Province in Vietnam. Strategically located near Ho Chi Minh City’s Tan Son Nhat International Airport (SGN), this new facility will provide connections to Vietnam’s eastern economic zone and is expected to address the storage and distribution needs across various industries. The multiuser distribution centre, spanning 10,000 square metres, was designed … [Read more...] about CEVA Logistics opens new warehouse in Vietnam
AirAsia’s Teleport enters digital forwarding business
Teleport Commerce Malaysia Sdn Bhd has been licensed as a forwarding agent by the Malaysian Customs Department, allowing the company to issue digital customs clearance for its bulk or e-commerce delivery services. The logistics arm of AirAsia Digital will use in-house technology ‘built to replace the traditional manual processes’ to provide Customs with ‘accurate, fast and reliable’ declarations for all types of shipment. Serving as a digital forwarder between customers and the Malaysian … [Read more...] about AirAsia’s Teleport enters digital forwarding business
