YTO Express acquires OTEL to use as springboard for international expansion

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, global network of 52 offices […]
  • Charles Kauffman
  • May 17, 2017

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

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 to a wide range of supply […]
  • Charles Kauffman
  • May 1, 2017

Alibaba and K+N sign logistics MoU

Today, the world’s second largest air freight forwarder by volume, Switzerland-based Kuehne + Nagel, signed an MoU to offer outbound logistics services to shippers listed on China’s largest business-to-business platform, Alibaba.com. The MoU will expand the scope of a pilot program launched last year which integrated the forwarder’s “KN FreightNet” digital shipment manager with Alibaba.com. […]
  • Charles Kauffman
  • April 12, 2017

Alibaba and Australia Post to spearhead block chain applications in logistics?

After a 2008 scandal involving melamine-tainted milk powder, Chinese consumers have been flocking to various e-commerce channels for imported alternatives. But without an easy way to validate the authenticity and quality of the product that arrives at the doorstep, counterfeiting has emerged as another major problem. Although track-and-trace visibility is no longer a novelty at the […]
  • Charles Kauffman
  • March 28, 2017

The quiet rise of Chinese express: STO launches Brescia 747F flights

Beginning today, 23 March, an SW Italia 747-400F operated for China-based Shentong Express (STO) will touch down regularly at Brescia Montichiari Airport (VBS), just 100km east of Milan. The new thrice-weekly cargo service connects Hong Kong International Airport (HKG) to Brescia via Baku (GYD), reportedly carrying express parcels and Chinese exports bound for warehouses and […]
  • Charles Kauffman
  • March 23, 2017

UPS tests drones that launch from atop its brown vans

UPS has repurposed its classic brown delivery vans to serve not only as parcel transporters, but also as roving drone command centers. In recent tests, retrofitted vans dispatch drones loaded with packages from the roof of the vehicle. The drones travel autonomously to their drop-site, and then return to the vehicle – which has moved on […]
  • Charles Kauffman
  • February 24, 2017

WCA, Alibaba tie-up opens China to SME forwarders

Freight forwarding network WCA is set to collaborate with China’s Alibaba.com on cross-border e-commerce shipments in a tie-up that expands Alibaba’s international reach through an additional 6,300 logistics offices on the global roster of  WCA’s small- and medium-sized enterprise (SME) members. In return, WCA forwarders gain access to the Alibaba logistics platform for cross-border e-commerce […]
  • Charles Kauffman
  • February 1, 2017

E-commerce drives massive quarterly profit for Alibaba

Chinese e-Commerce giant Alibaba reported fiscal third-quarter net income up 38% to US$2.47 billion. Total revenue for the quarter (ended 31 December 2016) was up 54% to $7.67 billion, while operating income rose 66% to $2.98 billion. Operating margin was up 4 percentage points to 39%. The chart at right shows the financial performance of […]
  • David Harris
  • January 25, 2017
Page 2 of 6«12345 » ...Last »