Cainiao plans to raise at least $1B in Hong Kong IPO soon
Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., is planning to file for its Hong Kong initial...
Archive
C.H. Robinson opens 400,000-square-foot facility near Mexican border
Freight forwarder C.H. Robinson opened a 400,000-square-foot cargo facility in Laredo, Texas, this week, bolstering its U.S.-Mexico border logistics presence. ...
Ceva Logistics to acquire Stellar Value Chain Logistics
French 3PL Ceva Logistics, under parent company CMA CGM, will acquire a 96% stake in Indian logistics group Stellar Value...
Onboard Logistics automates with Raft platform
Miami-based forwarder Onboard Logistics will use intelligent logistics provider Raft’s technology to streamline its cargo operations. The implementation of Raft’s...
Expeditors revenue drops 51% in Q2
Impacted heavily by reduced freight volumes and rates, Expeditors earned $2.2 billion in revenue in the second quarter, a decline...
July air cargo figures forecast ‘winter of discontent’
July showed falling airfreight volumes of 2% and increased capacity of 7% month over month, adding pressure to airfreight rates. ...
C.H. Robinson revenue drops 35% amid compressed rates
Multimodal transport company C.H. Robinson continued its downward trend in the second quarter of 2023, earning revenue of $4.4 billion,...
Cainiao opens 6-warehouse logistics park in Jakarta
Cainiao Group, the logistics arm of Alibaba Group Holding Ltd., launched its first warehouse hub serving Jakarta, Indonesia, last week...
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