Post Tagged with: "Cross border"

YTO Express acquires OTEL to use as springboard for international expansion

YTO Express acquires OTEL to use as springboard for international expansion

May 17, 2017 at 10:58 am 0 comments

On 8 May, Shanghai-headquartered courier, YTO Express announced its intention to acquire a 61.87% stake in Hong Kong-based forwarder and logistics specialist, On Time Logistics (OTEL), and establish its international business headquarters in Hong Kong. The acquisition will support YTO’s efforts to go global by leveraging OTEL’s international business expertise,Read More

China’s number-two e-tailer launches 3PL division

China’s number-two e-tailer launches 3PL division

May 1, 2017 at 9:43 am 0 comments

Last week, Beijing-based JD.com announced it was moving forward with plans to formalize a logistics division, “JD Logistics” in support of the growing demand for express delivery services for its booming e-tailing business. Similar to Amazon’s Fulfillment by Amazon (FBA) program, the new division will provide third parties access toRead More

UPS reports strong all-round growth

UPS reports strong all-round growth

April 28, 2017 at 9:44 am 0 comments

UPS reported first-quarter net income up 2.4% y-o-y to $1.16 billion as revenue increased 6.2% to $15.32 billion. Operating profit for the quarter, however, was down 2.1% to $1.78 billion as fuel surcharge revenue lagged a big increase in fuel expense. In recent years, the quarterly reports from the world’sRead More

YTO goes west with new joint-venture airline and hub

YTO goes west with new joint-venture airline and hub

March 2, 2017 at 10:13 am 1 comment

Last week, executives from YTO Express, and its airline subsidiary, YTO Express Airlines, were in Shaanxi Province in central China finalizing an agreement to establish a new joint-venture cargo airline in the province’s capital city, Xi’an. The launch of Northwest International Cargo Airlines (as the airline will likely be knownRead More

SF goes Ukrainian

SF goes Ukrainian

January 13, 2017 at 9:33 am 0 comments

China-based SF Express and Ukraine-based postal and express company Nova Poshta signed a partnership agreement under which the two will cooperate to provide fast delivery of packages from China to online shoppers in Ukraine. The service, which has been tested over the past few months, will offer full track andRead More

Forwarders adapt to serve growing Chinese e-commerce market

Forwarders adapt to serve growing Chinese e-commerce market

August 22, 2016 at 10:55 am 0 comments

Today we begin an analysis of trends in e-commerce with an overview of e-commerce growth around the world and a look at how airfreight forwarders are leveraging growing cross-border e-commerce volumes to boost airfreight consolidations. Tomorrow we’ll examine the way in which e-commerce is changing last-mile delivery to “last-mile pick-up.” If youRead More

Forwarders fight to recapture e-commerce market lost to Post

Forwarders fight to recapture e-commerce market lost to Post

August 9, 2016 at 10:13 am 0 comments

Japan’s largest international freight forwarder, Nippon Express announced a new deal to handle China-bound shipments originating in Japan for Alibaba’s TMall.com platform. Volumes of Japanese cosmetics and other consumer goods moving from Japan into China via e-commerce channels have never been greater – yet freight forwarders control only a sliverRead More

Record second-quarter results for DP-DHL

Record second-quarter results for DP-DHL

August 4, 2016 at 10:43 am 0 comments

Deutsche Post-DHL reported second-quarter net income up 66.0% y-o-y to €541 million, a sound indicator the company’s restructuring plans are beginning to have the desired effect. Total revenue declined 3.5% to €14.19 billion (see chart at right). Operating profit (EBIT) for the quarter was up 40.0% to €752 million. ForRead More