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Tag: freight

  • Li & Fung to delist this month

    Li & Fung to delist this month

    The privatization and delisting of Li & Fung Limited is set to proceed this month after 97 percent of shareholders who were not a party to the transaction voted in favor of the move.

    The key vote paves the way for Golden Lincoln Holdings I Limited, owned by the Fung Family and Singapore-based global logistics warehouse operator GLP, to purchase all the shares of Li & Fung. The company expects to delist on May 27 after a court hearing in Bermuda, where the company is registered, which scheduled for May 21. These are the final steps in the process.

    “I am pleased that our shareholders are supportive of the privatization proposal for Li & Fung,” said William Fung, group chairman.

    Li & Fung, which has been listed in Hong Kong for nearly 30 years, will remain under the control of the Fung family, which will hold 60 percent of the voting shares in the business, post-delisting. GLP will hold the remaining 40 percent of the voting shares and 100 percent of the non-voting shares, resulting in the effective economic ownership of 67.67 percent of Li & Fung.

    In a statement, the company said its plan to create “the Supply Chain of the Future remains more relevant than ever” with the digital disruption to retail and the ongoing uncertainties of the US-China trade war, compounded by the dramatic impact of Covid-19 on retail supply chains.

    “With the breadth and depth of its global sourcing and production platform, pan-Asia logistics network, and industry-leading digital product development capabilities, Li & Fung is helping retailers and brands navigate a highly uncertain and ever-changing global environment.”

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  • DHL adds American flights due to COVID-19

    DHL adds American flights due to COVID-19

    DHL Express has seen imports from Asia to the Americas increase substantially as it helps battle COVID-19. Asian imports, coming primarily from China, are up 70% year-on-year, with DHL Express moving more than 168,000 shipments of masks, gloves, respirators, and disinfectant products into the Americas in just one week.

    Air capacity has been reduced with airlines canceling flights, so DHL has increased its services, with additional flights and charters meeting the demand for PPE shipments.

    The America’s hub at Cincinnati/Northern Kentucky International Airport welcomed an extra flight to Canada to transport 45,000 shipments of masks and other items in April. Another flight from London was added and a Cincinnati-Los Angeles-Sydney-Singapore route was added using a Boeing 777 Freighter, bringing the total to seven flights a week.

    DHL Express sent 10,000 shipments to the Americas via Miami, Florida, with 180,000 test kits going to Central America in March.

    Miami has also benefitted from connections to Brussels, Belgium, offering 225 tons of capacity per week.

    DHL Express is working with governments in Central America to transport equipment including 60 valves for digital respirators in Guatemala and test kits in Honduras.

    In South America, the first 5,000 test kits arrived in Quito, Ecuador, two weeks ago followed by another 50,000 last week.

    DHL Express donated 10,000 N95 protective masks to the Northwell Health network of hospitals and healthcare facilities across New York state.

    The masks had been flown in from abroad via the DHL Express Gateway facility at New York’s John F Kennedy airport.

    Mike Parra, CEO of DHL Express Americas, said, “We’re open for business and our operations are being mobilized around the world to deal with this global crisis. We have been largely focused on bringing the much-needed supplies to protect and support frontline employees from all industries, particularly the medical professionals and first responders who continue fighting to keep us safe and essential businesses running.”

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  • DHL helps Australia to Import Goods

    DHL helps Australia to Import Goods

    DHL Global Forwarding has been selected to be part of new air freight network launched by the Australian government to bridge air freight capacity gap.

    The Australian Department of Agriculture has identified supply chain disruptions as the biggest threat to farmers and fishermen in the country, where around 65% of agricultural products are exported, with a majority going to China, Japan, the United States, South Korea and several Asia Pacific countries.

    DHL Global Forwarding Australia reveals that virtually all of its high-value perishables exports, including fruits, vegetables, pre-marinated and fresh meat, seafood and dairy products, are now catered to food retail businesses such as supermarkets. This is in contrast to the pre-COVID supply chain distribution dominated by wholesale networks where some 70% of the company’s food exports typically go to foodservice businesses.

    DHL Global Forwarding, the leading international provider of air, sea and road freight services, has been appointed to be part of the new air freight network established by the government to facilitate international freight as commercial airlines tepidly return to normalcy.  The network will allow the Government’s $110 million International Freight Assistance Mechanism (IFAM) to ramp-up assistance to exporters and re-establish global supply chains, in turn also assisting importers of essential goods, such as healthcare supplies, personal protective equipment, automobile spare parts, and construction and manufacturing materials.

    Bernie Cooney, Perishables and Livestock Manager, DHL Global Forwarding Australia commented: “In perishables logistics, time is of the essence as fresh meats and produce need to arrive with their freshness and quality intact, and that is now possible as we can secure capacity through the air freight network for our customers. We are working towards restoring supply chains for all our customers. We are hopeful that with these measures, we can start to restore some of the pre-COVID volumes for perishable exports, and more if the Asian markets start to open up again once containment measures prove successful.”

    Import of much needed Personal Protective Equipment (PPE) and essentials to keep businesses going

    In addition to the export of high-value perishables, DHL Global Forwarding is supporting the Australian Government IFAM program with the import of critical products like PPE and other essential goods.

    George Lawson, Country Manager of DHL Global Forwarding Australia added: “Trade, which is the lifeblood of our economy, has been heavily impacted by travel restrictions arising from the Covid-19 pandemic. As the market leader in the export of premium agricultural products and the import of healthcare, technology and infrastructure goods, we are uniquely positioned to support the Australian Governments IFAM program in jumpstarting trade activity. With our team of global trade experts, worldwide network and digital solutions, our aim is to improve lives by keeping Australian businesses running.”

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  • Tigers releases business intelligence updates for its SmartHub

    Tigers releases business intelligence updates for its SmartHub

    Global logistics and transportation company Tigers has released new updates for its SmartHub:Connect freight and e-commerce portal, which are designed to help customers during current disruption caused by the Covid-19 pandemic and to support them in the aftermath of the crisis.

    SmartHub:Connect has seen a spike in logins and has been supporting increased e-commerce volumes since the beginning of March.

    The new features, which will help manage rapidly changing customer demands, include streamlined Purchase Order functions, online notification to the customer or operations if a booking needs attention, and bulk upload of order exceptions.

    “In the last month, we have continued to see an upsurge in health-related products and some of the more essential e-commerce items, with conversely B2B and luxury clothing items seeing a dip,” said Mark Gatenby, Chief Information Officer, Tigers

    “At the same time, we are noticing that demand for outdoor leisurewear, while not increasing, is holding steady, and we believe we can reasonably expect a surge as people are more likely to take holidays nearer to home; certainly, interest is there.

    “With the e-commerce and logistics landscape changing so rapidly as these examples demonstrate, Tigers has been working on new SmartHub:Connect features designed to help people get through the crisis and its aftermath.”

    Tigers plans to release real-time alerts for delayed sailings or flights, and is further developing its SmartHub:Connect app as part of the ongoing improvements

    Tigers last week organised the safe transportation of over 1.38 million masks and 53 large ventilators on a charter flight from Shanghai, China, to Rome, Italy to support the Italian Government’s fight against Covid-19

    The medical supplies travelled in the bellyhold and on the passenger deck of a Boeing 777-200 from Shanghai Pudong Airport, to Fiumicino Airport.

    A total of 1,385,000 masks, 53 large ventilators, and a consignment of ventilator accessories were delivered to hospitals across the Italian capital, with more flights expected over the coming weeks.

  • Lalamove partners with Klook in Hong Kong for food-delivery service

    Lalamove partners with Klook in Hong Kong for food-delivery service

    Hong Kong on-demand delivery startup Lalamove and travel-activities booking platform Klook have collaborated to offer a new express food-delivery service to support the local food-and-beverage industry.

    Available on Klook as “A Guide to the Best Meal” until March 31, consumers can order from six partner restaurants with no location restrictions to then arrange a delivery time through Lalamove.

    Klook has also introduced its ‘Grab n Go’ self pick-up takeaway service with its partners, available until May 31.

    “We are now exploring more F&B experiences and looking into leisure activities, to diversify our activities spectrum and bring the most fantastic experiences to our customers,” said Percy Kwan, Klook’s marketing director for Hong Kong.

    The latest government figures indicate a 14.3-per-cent year-on-year drop in fourth-quarter Hong Kong restaurant receipts. The partnership between the two local unicorns aims to help food establishments open up new sales and promotional channels by offering consumers convenience along with discounts and food packages.

    As citizens opt to stay-in and employees work from home during the coronavirus crisis, a dramatic surge in online food deliveries has created new business opportunities for other local players as well, including Foodpanda, which has launched a 15-minute express-delivery service.

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  • Vietjet to venture into cargo business in Malaysia

    Vietjet to venture into cargo business in Malaysia

    In order to enhance and further develop its cargo network, the new-age carrier Vietjet is pleased to announce that its subsidiary and cargo arm, Vietjet Cargo is opening a tender for a cargo General Sales Agent (GSA) in Kuala Lumpur and is inviting companies to bid for the first time in Malaysia on February 2020.

    The GSA will be responsible for all the commercial activities for sales, marketing and promotion on Vietjet’s flight network connecting to over 400 flights daily covering more than 140 destinations across Vietnam and internationally such as Malaysia, China, Japan, Korea and Taiwan, etc. which includes a daily flight from Kuala Lumpur to Ho Chi Minh City.

    The GSA will also be actively controlling the pricing policy and space management, working with the cargo warehouse and ground handling agency, supervising the operations, maximizing the uplifted cargo and securing the service level commitment to clients directly.

    Nguyen Thanh Son, Vietjet Vice President, said: “At Vietjet, we believe in diversification to create sustainable business prospects. Following the establishment of Vietjet Cargo in 2014, we have independently and strategically developed and grown demand for air cargo services in Vietnam in addition to our main function as a commercial airline. Today, we have grown internationally, taking the necessary steps to expand our cargo business to the Malaysian market.

    To-date, Vietjet has transported nearly 100 million passengers in Vietnam with a fleet of 80 Airbus aircraft, comprising the Airbus A320/A321 aircraft, a world-class high-tech airplane in the aviation industry, with a capacity of four to five tons of cargo per flight and more.

    Moving forward, Vietjet will continue to work towards the establishment of its subsidiaries in the aviation industry worldwide, bringing a wide range of services and business opportunities to potential partners not only in Malaysia, but also in other countries while expanding Vietjet’s flight network globally.

  • Tigers Australia boosts e-commerce processing capacity with new omni-channel facility in Sydney

    Tigers Australia boosts e-commerce processing capacity with new omni-channel facility in Sydney

    Tigers has opened a new omni-channel facility in Yennora, Sydney, Australia to meet rising demand in domestic and cross-border e-commerce for B2B, B2C fulfilment and retail scan pack.

    The omni-channel warehouse is fitted with Tigers’ Automated Transport Sortation System and SmartHub: Connect (SH:C) technologies that enable customers to manage orders and view their inventory remotely.

    “The way we all shop is changing and will continue to change,” said Frank Cafasso, Managing Director (MD) Tigers Australia.

    “The Yennora facility, with its state-of-the-art systems, will keep Tigers agile in adapting to the evolving e-commerce market.”

    “The new warehouse’s upgraded capabilities will allow us to facilitate a variety of storage mediums, and with its centralised processing area, the facility will offer increased scalability as the market grows.”

    The new facility expands Tigers’ processing capacity at its Sydney operations to 17,000 pallet locations.

    “E-commerce in Australia will increase not only for domestic but also international (cross-border) trade, and our new Sydney facility is expected to handle an initial 20 percent of our B2C e-commerce traffic, with predicted yearly increases,” added Cafasso.

    The facility will process a range of consumer goods including, cosmetics, apparel, giftware, manchester and homeware among others.

    The new facility is part of Tigers’ two-year strategy to invest in e-commerce and B2B verticals, and similar facilities are planned for construction in Sydney and Melbourne.

    SH:C is the world’s first combined freight, e-commerce, and logistics portal, which gives customers end-to-end visibility of the supply chain globally, from transport, to e-commerce fulfilment delivering cost-effective and customisable solutions.

    The Sydney hub is part of an ongoing global expansion plan for Hong Kong-headquartered Tigers, and the facility was developed by Fife Capital.

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  • Kerry Logistics a five-time winner at the Quamnet awards

    Kerry Logistics a five-time winner at the Quamnet awards

    Kerry Logistics Network Limited was a proud winner at the Quamnet Outstanding Enterprise Awards (‘QOEA’) 2019 for the fifth consecutive year, clinching the Outstanding Global 3PL title for the third year running.

    Presented in Hong Kong last night by leading Hong Kong financial news platform Quamnet, the title secured Kerry Logistics’ reputation as a global 3PL with expanding worldwide presence.

    With the QOEA, Kerry Logistics was commended for its distinction in products and services, brand

    reputation, philosophy of operation, marketing strategies, sustainable development strategies, accomplishments, corporate social responsibility and unique business philosophy or development.

    Alex Ng, Executive Director of Kerry Logistics, said: “We are grateful to Quamnet for its recognition of our constant dedication to excellence. To receive the Outstanding Global 3PL title for the third time is a great encouragement as we extend our international footprint across diverse regions.

    “We will continue to enhance our service capabilities while growing our geographical coverage in order to accommodate the changing needs of our customers around the world.”

    Organised annually, the QOEA is judged by a committee made up of the Quamnet editorial team, the Quam research team and independent financial analysts to identify and compliment the remarkable performance of Hong Kong enterprises.

    Prior to winning the Outstanding Global 3PL title in 2017 and 2018, Kerry Logistics was named Outstanding Global Logistics Network and Outstanding Logistics Solution Provider in 2015 and 2016, respectively.

    Kerry Logistics has recently deepened its reach in the Middle East by setting up a new office in Bahrain and opening a new bonded logistics facility in Dubai, in addition to acquiring a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi to further the expansion of its global network and strengthen its international freight forwarding capabilities.

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  • Kerry Logistics secures accolades at the Asset ESG Awards

    Kerry Logistics secures accolades at the Asset ESG Awards

    Kerry Logistics Network Limited has for the second consecutive year secured the Platinum Award, the highest honour of The Asset ESG Corporate Awards (the ‘Awards’, formerly known as The Asset Corporate Awards), as well as the Best Investor Relations Team Award for the first time.

    Kerry Logistics won the Platinum Award for its laudable efforts in achieving corporate sustainability, with strong management acumen and stringent governance reflected in its financial performance.

    It also received the Best Investor Relations Team Award in recognition of its investor relations team in new initiatives launched, facilitating outreach and enhancing communication with investors and analysts.

    William Ma, Group Managing Director of Kerry Logistics, said: “We are grateful to The Asset for acknowledging Kerry Logistics’ dedication to the environment, to social responsibilities and to upholding the highest standard of corporate governance. To be included among our distinguished peers for the second year running is a testament to our continued efforts.

    “We are also encouraged by the appreciation on the efforts of our investor relations team. In the face of a changing economic and business environment, we will keep maintaining transparency and active communication with our investors while creating value for our stakeholders.”

    Inaugurated in 2000, the Awards are the longest-running and the most prestigious ESG awards program in Asia. Organized by the regional financial magazine The Asset, the Awards are assessed according to financial performance, management, corporate governance, social and environmental responsibility and investor relations.

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  • DHL to Invest more in Sustainability and Tech

    DHL to Invest more in Sustainability and Tech

    DHL Express recently unveiled its Strategy 2025 putting digitalization, e-commerce and sustainability in focus as it aims to further expand sustainably.

    John Pearson, CEO DHL Express, made the announcement at the opening of DHL’s €123 million (US$135 million) state-of-the-art hub at Cologne-Bonn Airport saying the “many new technologies” at its Cologne hub shows the basis of our new Strategy 2025.

    “By investing more than €1 billion (US$1.1 billion) annually in technology and infrastructure and by putting the new green logistics center into operation, DHL clearly demonstrates its ambitions,” the international courier said in a statement.

    In particular, it noted the ice energy storage system with over 1.3 million liters holding capacity and 18 kilometers of piping that ensures the hub stays cool in the summer and warm in the winter in its facility and the heat pump and solar panels on the roof making it “an entirely emissions-free solution.”

    “As the experts in export and import, we can only grow by ensuring top quality, which is why we invest more than a billion euros each year in employee training, infrastructure, and digitalization. The main goal here is to increase our transport and delivery capacity for time-sensitive TDI shipments to meet the ever-growing customer demand in the area of e-commerce. At the same time, we’re continuously improving on process efficiency,” Pearson said, noting that its recent quarterly results “show pretty clearly that we’re on the right track.”

    DHL completed the upgrade of its air hub at Cologne-Bonn Airport in August 2019 following a two- year building and renovation phase. In the hub’s 15,000 m2 sorting center, with its 12,000 m2 warehouse and 3,000 m2 office space, several new technologies allow DHL Express to process up to 20,000 shipments per hour on its 2.5-kilometer-long conveyor belt. A number of other additions, including 3D scanners and vacuum lifters, help make life easier for the hub’s 340 employees, who hail from 34 different countries.

    “The €123 million (US$135 million) investment in our new hub clearly shows our commitment to the Cologne-Bonn region and ensures the future of a lot of jobs here,” says Detlef Schmitz, Managing Director of the DHL.

    “This also makes the hub an even more important part of DHL’s international network. With the new direct route between Hong Kong and Cologne, 28 daily flight movements, and our use of state-of-the-art technologies, we are proud to be contributing – sustainably – to the worldwide growth of DHL Express,” he added.

    DHL Express has a presence in over 220 countries and territories. It transports over 400 million shipments per year with 22 hubs worldwide and over 260 dedicated aircraft, 17 partner airlines, and a capacity for over 3,000 flights daily to over 500 airports.

    Fleet modernization

    “We expect continued growth in the coming years, especially in cross-border e-commerce trade,” says Travis Cobb, EVP DHL Global Network Operations.

    “By modernizing our air fleet, we can increase our intercontinental connections and do so with reduced carbon emissions and less fuel consumption. Next year, we will deploy another six brand-new planes from our Boeing order.”

    In 2018, DHL announced its plans to add 14 new Boeing 777 aircrafts to its own fleet.

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  • M&G Acquires Second Logistics Facility In Asia

    M&G Acquires Second Logistics Facility In Asia

    M&G Real Estate, the real estate fund management arm of M&G Investments, has acquired a $131 million (155.5 billion Won) modern logistics center close to Seoul on behalf of its core Asian property strategy managed by Richard van den Berg.

    Located south of Seoul, Yongin Baegam Logistics Centre is in an established logistics cluster close to the city’s major highways. The approximately 100,000 square-meter four-story asset comprises all the characteristics of a high specification logistics center, catering to all the demands of modern occupiers. The new building tenants include established third-party logistics operators and retailers.

    We are positive about the fundamentals in Asia Pacific’s logistics sector, particularly in Korea, where supply is limited and demand is strong. The relentless demand for faster delivery will push third-party logistics companies to larger, more centralized distribution centers near key transport hubs and highway interchanges, such as ours, said Richard van den Berg in a media statement on Monday.

    The location will remain a key requirement as transportation typically accounts for at least half of logistics providers’ total costs. Yongin Baegam Logistics Centre will provide stable and core income to our investors said Berg.

    This is the second logistics facility for the M&G Asia Property Fund in Korea after Homeplus Hub Logistics Centre, the 64,250 square-meter distribution center acquired in 2017. This purchase coincides with an uptick in consumer spending with expectations for online retailing to grow in Asia Pacific markets from 14 percent to 23 percent by 2023.

    As the logistics sector matures and attracts more interest from investors, spreads between logistics and other asset classes in developed markets have narrowed and Korea is expected to follow the demand for modern well-located facilities.

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  • Amazon Hub launches to meet rising demand for flexible delivery

    Amazon Hub launches to meet rising demand for flexible delivery

    Amazon has launched a new service in Australia that allows customers to collect their parcels from hundreds of locations in shopping centres and on high streets in a bid to improve its delivery offer before the biggest online shopping days of the year.

    First launched in the US in 2011, Amazon Hub allows shoppers to ship parcels to convenient third-party locations, rather than their home address. The service includes a “counter” option, where shoppers can collect parcels from bricks-and-mortar retail partners such as convenience stores, and a “locker” option, where they can collect parcels from self-service kiosks in shopping centres, banks and other places.

    The marketplace has now partnered with more than 100 Commonwealth Bank of Australia branches, Victorian Authorised Newsagents Association locations and Stockland shopping centres to bring the service to Australia.

    Hundreds more Amazon Hub locations are due to launch by the end of the year, and thousands more will launch across the country in 2020, the company said in a statement.

    Patrick Supanc, global director of Amazon Hub, said the new service would extend Amazon’s “exceptional customer service” to the delivery experience.

    “Since launching Amazon.com.au in 2017, we’ve committed to making e-commerce rooted in low prices, vast selection and convenience a part of everyday life for Australian customers,” he said.

    “We’re excited now to partner with large and small businesses in Australia to extend Amazon’s exceptional customer service and innovations in delivery by offering a quick and simple pick-up experience.”

    Parcel pick-up on the rise

    The launch comes just one week before Black Friday and Cyber Monday, which are now the biggest online shopping days of the year in Australia.

    E-commerce purchases by volume were up more than 28 per cent year on year during Cyber Week in 2018, according to an annual online shopping report by Australia Post. The five weeks from November 11-December 15 accounted for 15 per cent of all e-commerce transactions that year.

    Australia Post on Monday announced the expansion of its own parcel pick-up service in partnership with fulfilment company Doddle. Booktopia and Peter’s of Kensington are among the first retailers to use the service, which lets customers send their online orders to IGA supermarkets, Priceline pharmacies, shopping centres and other locations.

    Nathan Huppatz, co-founder of ReadyToShip, a shipping platform that lets retailers select the best delivery options for each order and print labels, says parcel pick-up is gaining traction, though it’s not exactly new. Major retailers, such as eBay, The Iconic and Glassons, have offered it as a delivery option for some time through ParcelPoint.

    But Huppatz says consumer demand for flexible delivery times and advancements in the technology that allows retailers to integrate different delivery options at checkout is contributing to arise in pick-up services.

    Until recently, most of the volume going through ReadyToShip has been standard delivery, Huppatz said. But in the last 12 months, there’s been greater uptake of Australia Post’s new on-demand delivery options, including same-day evening and Saturday delivery.

    “There’s definitely a demand out there from consumers to have flexibility, and these days there are more and more solutions to enable that,” he said.

    Integration can be a hurdle

    This is mostly good news for retailers, though Huppatz says parcel pick-up can present problems if the carrier’s integration requires retailers to make too many changes.

    “As soon as a retailer has to start modifying the checkout process or their order or warehouse systems, that’s where it can be a hurdle to overcome,” he said. “If the integration is simple, or you can use an existing carrier, it becomes much easier.”

    Still, he expects to see more retailers offering parcel pick-up in the coming months and is considering how he can stay on top of consumers’ changing preferences.

    “We think over the next 12-24 months, we will see growing demand for access to crowdsourced delivery options, especially for local metro areas,” he said.

    But Huppatz, who also owns the e-commerce site Costumes.com.au, believes there’s another reason Amazon may have launched its parcel pick-up service in Australia.

    “EBay and Amazon are competing with each other quite strongly and are looking to plug any holes they can find in their customer experience,” he said, noting the marketplaces’ recent partnerships with Afterpay and Zip, respectively.

    “Amazon has a ruthless customer focus. Everything is designed to make buying, searching, basically anything to do with their platform better for the customer. If they see a need for customers to pick up their products, you can bet they’ll work on that.”

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  • UPS enables Asian businesses to capture growth opportunities with more service enhancements

    UPS enables Asian businesses to capture growth opportunities with more service enhancements

    UPS announced a series of service enhancements that will benefit up to 1.4 million postal codes across 41 countries and territories in the Asia Pacific region, opening opportunities for businesses to develop more resilient supply chain strategies as they look within the region for growth.

    “Asia is an incredibly dynamic, evolving region, and trade in the region is helping to power the global economy—whether it’s through increased consumption in emerging economies such as Vietnam and the Philippines, or through supply chains that weave their way through the region and around the world,” said Ross McCullough, President, UPS Asia Pacific Region.

    “Businesses need greater agility to respond to the needs of customers and the market with more precision than before, and UPS is helping them to achieve this with faster transit times, a broader service footprint and a balanced portfolio of services.”

    The following enhancements are poised to deliver increased flexibility for businesses and support greater demand in the region:

    • Day-definite guarantee with one day faster transit time for UPS Worldwide Expedited service within Asia, enabling the majority of businesses in the region to enjoy delivery in two business days with a guaranteed delivery date
    • Improved geographic reach of UPS Worldwide Express® services with time-definite deliveries for international shipments to 205 new postal codes in Indonesia, Korea and Taiwan
    • Reduced transit time by one day for businesses exporting from Northern Malaysia to major territories in Asia, Europe and the US; from Northern Thailand to Europe and the US; and from major territories in Asia to China with UPS Worldwide Express® Saver service
    • Expansion of UPS Marketplace Shipping to 10[1] additional Asian markets, offering businesses an automated way to process their e-marketplace orders by streamlining the order management and shipping processes, and reaching more end-customers in other parts of the world

    “With service improvements such as guaranteed delivery timing and shorter transit time for UPS Worldwide Expedited®, most businesses shipping within Asia will now have their shipments delivered in as little as two business days,” McCullough added. “This offers an end-to-end service alternative for freight forwarding shippers in the region looking for a scalable solution as they venture into new markets.”

    These enhancements build upon a number of major investments UPS made in its network across the region earlier this year, including: increasing its Shenzhen Asia Pacific Air Hub’s processing capacity by 50%; expanding the reach of UPS Worldwide Express® morning services to reach Australia, Hong Kong, Japan, Singapore, and South Korea; extending pick-up times by up to five hours for export shipments from China, Japan, Taiwan, and South Korea; and commencing Saturday pick-up services in the U.S., enabling import shipments destined for eight markets in Asia to be delivered one day earlier than before.

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  • Alibaba increased stakes in Cainiao Smart Logistics Network

    Alibaba increased stakes in Cainiao Smart Logistics Network

    Alibaba has invested an additional RMB23.3 billion (US$3.3 billion) to increase its equity stake in Cainiao Smart Logistics Network from approximately 51 percent to about 63 percent.

    The investment was made by subscribing for newly issued Cainiao ordinary shares in its latest financing round and purchasing some equity interest from an existing Cainiao shareholder. Other existing shareholders also participated in the fundraising.

    “Logistics is a key pillar of the Alibaba Business Operating System. It allows us to offer the best service to customers and to effectively advance our New Retail strategy,” said Alibaba Group executive chairman and CEO Daniel Zhang.

    “Cainiao strives to enhance service and user experience for merchants and consumers through superior technology and digital solutions, both within China and around the world. We are committed to supporting its ongoing development, to realizing greater synergies throughout the entire Alibaba Economy and accelerating the digitisation of the logistics industry.”

    With more financial resources, Cainiao will be able to continue its investment in technologies and logistics infrastructure services to strengthen its smart logistics network and enable innovations in

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  • Kerry Logistics wins two awards in Singapore

    Kerry Logistics wins two awards in Singapore

    Kerry Logistics has won the titles of “Asia Pacific Logistics Service Provider of the Year” and “Asia Pacific Road Freight Service Provider of the Year” at the 2019 Frost & Sullivan Asia Pacific Best Practices Awards (the ‘Awards’), presented in Singapore. This marked the third consecutive year that Kerry Logistics has been honoured by the Awards.

    Organised annually by global business consulting firm Frost & Sullivan, the Awards recognise best-in-class companies in the Asia Pacific and identify outstanding businesses in the automotive, energy, building & environment, healthcare, information communication technologies and logistics sectors.

    Award recipients were chosen using rigorous measurements based on actual market performance indicators such as revenue growth, market share and its growth, strong capability in leading new product introduction and innovation, breadth of products and solution offering, new major customer acquisition and business strategy.

    William Ma, Group Managing Director of Kerry Logistics, said: “We are delighted to receive the recognition again and are thankful to Frost & Sullivan for acknowledging our determination in always making our best efforts. The global supply chain is currently undergoing transformative changes, the role in which the logistics industry plays is more important than ever. At Kerry Logistics, we will continue to adhere to industry best practices to facilitate the shifts and enable our customers to swiftly adapt to the adjustments in the supply chain.”

    Sustained by its expanding global network and diverse range of businesses, Kerry Logistics is well-equipped to capitalise on a fast-changing logistics environment. It will maintain its resilient position by further enhancing its service capabilities, expanding its network presence and enlarging its business scale.

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