A 24 percent increase in Kerry Logistics International Freight Forwarding (IFF) profits pushed growth in the company’s core net profit up 4 percent, to US$142.1 million for 2016, as total revenue increased 14 percent, to $2.71 billion. The IFF division growth was propelled by contributions from recently acquired Apex Maritime in the US, and strong[…]
In the latest salvo of the e-commerce wars, retail giant Walmart has announced its interest in muscling in on the last-mile delivery sector with the launch of “Store No. 8,” a new startup incubator program in Silicon Valley, according to a report from sister publication, Mobility Buzz. The incubator is an internal venture meant to[…]
Alibaba Group is setting up its first overseas “e-hub” for what CEO Jack Ma calls the Electronic World Trade Platform (eWTP). The new outpost, in Malaysia’s new Digital Free Trade Zone (DFTZ), is expected to be launched by the end of 2019. The news underscores the pace at which the Chinese e-commerce giant is expanding[…]
China’s predilection towards online shopping has been compared to an “addiction” in a new post on DHL’s “Logistics of Things” blog. “The Chinese are becoming seriously addicted to e-commerce,”said DHL eCommerce CEO Charles Brewer, in a post titled, “Are China’s smaller cities hidden e-commerce gems?” Brewer contends that in many lower-tier cities, most people still[…]
Time:matters, the Lufthansa-owned urgent transport service, has shaved off even more time by digitizing its On-Board Courier service. Customers and couriers can now input their shipment details and receive a complete quote in less than a minute. The new platform, called ic:kurier, is currently only available between five European countries. The company plans to have[…]
FedEx reported net income in its fiscal third quarter up 10.8 percent to US$562 million, as revenue rose 18.5 percent to $15 billion. Reported operating income was also up strongly (18.6 percent) to $1.03 billion. Great results, right? Well, yes, and no. Because, as has become almost usual with financial reports in our industry, the[…]
