A.P. Moller - Maersk completed its US$3.6b acquisition of LF Logistics in late-August, taking control of the Hong Kong-based contract logistics company which will now be rebranded to Maersk. Maersk will add 223 warehouses to the existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5 million square meters. LF Logistics, part of supply chain manager Li & Fung, employs 10,000 people, operates an extensive pan-Asia network and specialises … [Read more...] about Hong Kong-based LF Logistics now part of Maersk
warehouse management
DHL Express injects €104m into Munich gateway
DHL Express Germany last week held a groundbreaking ceremony for a new 11,000-sqm facility at Munich Airport (MUC) as it looks to expand amidst growing shipment volumes at the Munich gateway. The express integrator will invest €104 million for the new building which will be seven times larger than the warehouse it currently rents at Munich Airport's cargo center. Markus Reckling, Managing Director at DHL Express Germany explained that the bigger facility and its location will translate … [Read more...] about DHL Express injects €104m into Munich gateway
Alibaba’s Cainiao launches US$76.4 million open tender for 2021
Alibaba’s Cainiao has announced an open tender worth US$75.4 million (RMB 500 million) for logistics services in a bid to strengthen its global network in 2021, as it anticipates further growth for cross-border e-commerce and trade. The open tender will be used to expands its network of certified third-party logistics (3PL) partners, which will be segmented into B2C and B2B logistics services. Also read: Alibaba’s Cainiao to ship same day in 11 Asian countries For B2C, the logistics arm … [Read more...] about Alibaba’s Cainiao launches US$76.4 million open tender for 2021
K+N to handle Audi VW logistics in Korea
Audi Volkswagen and Swiss global forwarder Kuehne + Nagel (K+N) have announced a three-year strategic partnership for the car manufacturers’ warehouse management and parts distribution in South Korea. Kuehne + Nagel will handle Audi Volkswagen spare parts for the after market in Korea, including receiving, picking & packing, handling of dangerous goods, shipping and national distribution to Audi Volkswagen dealers throughout the country. K+N is currently building a new … [Read more...] about K+N to handle Audi VW logistics in Korea
