Australia Post last week announced record group revenue of $8.27 billion for FY21, up 10.3 percent, and a profit before tax of $100.7 million. The company's revenue was boosted by continued growth in e-commerce, with strong parcel growth. Parcels & Services revenue grew 17.7 percent to $6.48 billion, on the back of a 27.1 percent increase in Australia Post branded parcels, with StarTrack volumes up 12.1 percent. AP Global continued to grow the company's cross-border e-commerce … [Read more...] about Australia Post delivers record revenue on e-commerce
e-commerce
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
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
Cainiao bolsters air network from China to Americas
Cainiao Network has reached a special prorate agreement (SPA) with Atlas Air and LATAM Airlines as the company aims to address the limited cargo space between China and the Americas to deliver e-commerce parcels. The agreement will allow connection flights linking Hong Kong to Bogota, Colombia and Lima, Peru via Santiago, Chile or Sao Paulo, Brazil, where Atlas Air currently operates charter flights for Cainiao. The agreement is Cainiao’s first SPA on the Latin America route and carries … [Read more...] about Cainiao bolsters air network from China to Americas
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
Air cargo makes profit for Asia’s smaller airlines
Whilst most carriers in Asia suffered dismal numbers for 2020 after witnessing the collapse of international airline operations brought about by the COVID-19 pandemic, there were some who banked on air cargo to rake in profits despite a challenging year. For the quarter ended 31 December 2020, Indian express operator Blue Dart posted ₹937.83 million (US$12.8 million) in profit after tax, from the previous year’s ₹330.80 million (US$4.5 million) loss, whilst revenue from operations stood at … [Read more...] about Air cargo makes profit for Asia’s smaller airlines
