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
SF Express
SF Express Cargo network expands from Nanjing to Osaka
As an Osaka-bound Boeing 737-300 lifted off at Nanjing International Airport, SF Express and SF Airlines entered a new chapter in the development of its international air cargo network. The new Nanjing-Osaka route is SF Express first international route to have a daily chartered flight that leaves every business day at the exact same time. The launch ceremony took place at Nanjing Lukou International Airport and was attended by various government officials from Jiangsu province and … [Read more...] about SF Express Cargo network expands from Nanjing to Osaka
S.F. Express to build Asia’s largest air freight hub in China
Chinese private logistics giant S.F. Express Co Ltd has pledged to build the busiest air cargo hub in Asia, reaching areas accounting for 80% of the country’s Gross Domestic Product within two hours, including major cities like Beijing and Shanghai. The firm said it would construct an airport in Ezhou city, Hubei province in central China, that could handle more than 2.6 million tonnes of freight and 1.5 million passengers by 2025. The airport would be the fourth busiest in the … [Read more...] about S.F. Express to build Asia’s largest air freight hub in China
YTO Express looks to widebody freighters for int’l expansion
Alibaba-backed Shanghai YTO Express (Logistics) Co, China's third largest express-delivery company is planning to introduce at least three widebody freighters to its fleet in 2018 as it seeks to expand its international delivery operations, its chairman said on Monday, according to a China Daily report. YTO Express chairman,Yu Weijiao said the freighters will support the company's overseas parcel delivery service, cross-border e-commerce business and temperature-controlled supply-chain … [Read more...] about YTO Express looks to widebody freighters for int’l expansion
SF Express gets CAAC approval on Wuhan air hub
SF Express, the largest private express logistics firm in China, is set to build cargo air hub in central China after an airport site-selection report was approved by Civil Aviation Administration of China (CAAC). A freight airport is expected to be built at the town of Yanji, about 75 km east of Wuhan, the capital of central Hubei province, according to a China Daily report. The choice of the airport in Yanji enables it to cover most of the mainland within one-and-a-half hours of air … [Read more...] about SF Express gets CAAC approval on Wuhan air hub
SF Express gets CAAC approval on Wuhan air hub
SF Express, the largest private express logistics firm in China, is set to build cargo air hub in central China after an airport site-selection report was approved by Civil Aviation Administration of China (CAAC). A freight airport is expected to be built at the town of Yanji, about 75 km east of Wuhan, the capital of central Hubei province, according to a China Daily report. The choice of the airport in Yanji enables it to cover most of the mainland within one-and-a-half hours of air … [Read more...] about SF Express gets CAAC approval on Wuhan air hub