Kerry Logistics’ performance in the first half of this year may have already seen the company ‘bottom out’ after the sharp drop from the extreme highs during the pandemic, as the Hong Kong-based logistics player saw 30 percent quarter-on-quarter growth for Q2. The abnormal highs seen in 2021 and 2022 have made an impact on year-on-year comparisons with rates slowly going back to the levels seen pre-pandemic. In its interim results, the company recorded a net profit of HK$368 million for the … [Read more...] about Kerry Logistics bounces back in Q2
Logistics
B&H Worldwide delivers first engine shipment for SIA
Aerospace logistics specialis B&H Worldwide has successfully completed its first engine transportation and storage on behalf of Singapore Airlines. The logistics specialist was recently commissioned by Singapore Airlines, to transport a GE90 engine from Paris Charles de Gaulle Airport to the city-state. B&H completed the shipment in 3 days with the 10,700-kilogram engine now safely stored within the climate-controlled environment of its warehouse facility at Singapore Changi … [Read more...] about B&H Worldwide delivers first engine shipment for SIA
DB Schenker unveils plans for ‘RedLion2’
German logistics firm DB Schenker on Monday announced plans to invest more than €100 million for a new zero-emissions logistics facility in Tampines, which is scheduled to be completed by the first half of 2025. Dubbed RedLion2, the 600,000-sqft facility will be the company’s largest investment in Singapore, surpassing the previous investment record for Red Lion, a S$163 million (€101 million ) warehouse opened in 2020 at the free trade zone of the Airport Logistics Park of … [Read more...] about DB Schenker unveils plans for ‘RedLion2’
9 questions with NeX eCommerce’s Justus Klüver
NeX is an international group of experts focused on advancing the interests of the e-commerce supply chain logistics industry through tight-knit networks and digital solutions. The platform was formed by Neutral Air Partner and ATEM Group back in May to serve as an ecosystem for shippers and stakeholders to engage with e-commerce logistics professionals and suppliers to the trade. In an interview, Payload Asia talks to Justus Klüver, CEO of NeX eCommerce to learn more about the group and its … [Read more...] about 9 questions with NeX eCommerce’s Justus Klüver
Shaping the future of e-commerce logistics with JDL
A novel, even transformative, online shopping experience is quickly becoming the norm in China: products ordered and paid for during large-scale promotions like Single’s Day reach your doorstep within the same day or even a few minutes post-transaction. The country's express delivery service has witnessed an astronomical 30-fold growth in the last decade, handling over 100 billion parcels in 2022 alone. Serving as a tangible manifestation of the explosive ecommerce boom, spearheading … [Read more...] about Shaping the future of e-commerce logistics with JDL
Cainiao launches new hub in Indonesia
Cainiao Group, the logistics arm of Alibaba, has officially launched its first warehouse in Indonesia as part of a regional hub expansion plan. Situated in GIIC Deltamas Cikarang, Bekasi Regency, east of Jakarta, the new Cainiao Cikarang Logistics Park is the third warehouse to be added to the company’s planned warehouse network of ‘chubs’ in Southeast Asia. The project has a total land area of 320,000 square metres and encompasses six warehouses covering 170,000 square … [Read more...] about Cainiao launches new hub in Indonesia