Chinese e-commerce giant JD.com is eyeing to list its shipping business JD Logistics in Hong Kong as it looks to ride on China’s post-coronavirus e-commerce boom. The IPO is expected to raise around $5 billion, which would value the logistics unit at about $40 billion, Bloomberg earlier reported. If the public offering pushes through, JD.com is poised to become China’s second-most valuable delivery company after Shenzhen-listed SF Express, according to South China Morning Post. The move … [Read more...] about JD.com eyes US$5 billion IPO for logistics unit
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Asia Pacific leads top emerging markets for logistics
Asia-Pacific nations led all emerging logistics markets as China, India and Indonesia took the top three spots in the Agility Emerging Markets Logistics Index, a broad gauge of competitiveness based on logistics strength and business fundamentals. Among ASEAN countries, Vietnam climbed three spots to end up at eighth, whilst the Philippines inched up a spot to 21. Indonesia, Malaysia and Thailand remained strong to claim the third, fifth and 11th spots, respectively. Also read: Forwarders … [Read more...] about Asia Pacific leads top emerging markets for logistics
Eva Air’s cargo revenue up in January
EVA Air’s cargo revenue continued the uptrend in the first month of 2021, sustaining its growth momentum despite weak passenger traffic. Cargo revenue soared 150 percent year on year to US$171 million (TW$480.2 million) in January, with cargo yield up 86.2 percent to TW$13.21. Also read: EVA Air inks cargo handling deal with WFS in Seattle On the passenger side, revenue plummeted 91.9 percent to US$31.1 million (TW$870.2 million) for the first month of the year as restrictive travel … [Read more...] about Eva Air’s cargo revenue up in January
Forwarders to benefit with ASEAN customs transit system
It is no secret that import clearance in customs is a cumbersome process in most countries and even so in developing markets like Southeast Asia. Whilst member states in the ASEAN have the basic transport infrastructure, regulatory bottlenecks and inadequate intermodal connections pull them back from fully utilising the region's transport capacity, which results in higher transport costs and long, unpredictable waiting times for forwarders and shippers. A study by ASEAN and EU experts, … [Read more...] about Forwarders to benefit with ASEAN customs transit system
Antonov Airlines uplifts 54-tonne powergen rotor
Antonov Airlines drafted its AN-124 to complete an urgent order to carry a 54-tonne rotor, used in power generation, from Ghana to India for repairs and back to Ghana in good condition. Forwarder Rhenus Project Logistics USA, which specialises in heavy-duty transport services, chartered the flight to carry the 10.50m x 3.89m x 4.13m rotor from Accra in Ghana to Mumbai in India, including the return trip. Also read: Antonov Airlines drafts world’s largest freighter to do the … [Read more...] about Antonov Airlines uplifts 54-tonne powergen rotor
B737-800 conversions pick up as lessors bank on potential
Orders for 737-800 converted freighters are picking up as aircraft fleet operator ASL Aviation Holdings (ASL) exercised options to convert 10 of the aircraft for cargo use, following an original agreement with Boeing for 10 firm orders and 10 options at the Paris Air Show in June 2019. ASL said the 737-800BCF aircraft will be operated mainly by its European airline partners and will be introduced to meet the requirements of its express integrator customers like DHL, Amazon and FedEx. The … [Read more...] about B737-800 conversions pick up as lessors bank on potential