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
Air & Cargo Services
HKIA’s cargo volume up 14 percent in January
Despite the unprecedented challenges brought by the pandemic, Hong Kong International Airport’s cargo throughput in the first month of the year grew 14.1 percent year on year to 409,000 tonnes. The Lunar calendar may have a lot to do with the increase, as HKIA explained the year-on-year growth recorded was mainly due to a low base for comparison, given that last year’s Chinese New Year period was in January, when most factories in China were closed. Cargo imports and exports at HKIA jumped … [Read more...] about HKIA’s cargo volume up 14 percent in January
QR Cargo entrusts its communications to Lemon Queen
Qatar Airways Cargo has partnered with PR agency Lemon Queen to drive its communications, as the airlines aims to use its reputation to defend the strongly held values of innovation, performance, sustainability, people, future and planet. The two have been working on the airlines WeQare sustainability programme and are looking to build on this relationship moving forward. Also read: Qatar Airways pledges free ride home for wildlife Lemon Queen will cover all aspects of Qatar Airways … [Read more...] about QR Cargo entrusts its communications to Lemon Queen
CEVA Logistics extends rapid LTL service to Southeast Asia
CEVA Logistics has further expanded its rapid less than truckload or LTL services from China to Southeast Asia as it adjusts to serve SMEs, large local companies and multinational corporations who may not have sufficient volumes for full truckload shipments. The new service will operate twice a week on Tuesday and Friday and will allow an express lead time of seven days from Shanghai to Singapore through optimised routing. The rapid LTL connects China’s regional hubs via Shenzhen to key … [Read more...] about CEVA Logistics extends rapid LTL service to Southeast Asia
Warwick Brady lands CEO role at Swissport
Swissport International AG has appointed Warwick Brady as president & CEO. He will succeed Christoph Mueller, who has been acting as the interim CEO since 1 January 2021. Christoph Mueller will become chairman of the board of directors once Warwick Brady assumes the CEO role in Spring 2021. Brady is currently the CEO of Esken Limited, formerly Stobart Group, a British infrastructure, aviation and energy company with operations in the UK and Ireland. He has transformed Esken from a … [Read more...] about Warwick Brady lands CEO role at Swissport
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