HONG KONG — The first 1.2 million square feet of Goodman Chongqing Airport Logistics Park has been developed as part of a
Gulftainer’s goal to triple volume over the decade through aggressive investment came a step closer in 2014 after the terminal operator increased handling 8 percent year-over-year.
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.
State-owned logistics provider Container Corporation of India has opened a $1.6 million temperature-controlled facility in Adarsh Nagar, near Delhi, the latest investment in line with parent Railways’ fiscal year 2015-16 budget plan announcement last month.
Japanese trading giant Mitsui & Co. has signed an agreement to sell Transfreight North America, its wholly owned U.S. logistics subsidiary, to Penske Logistics for an undisclosed sum.
The ports of Los Angeles and Long Beach are partnering with cargo interests, terminal operators, harbor truckers and the railroads to hasten the day when marine terminals become transit facilities rather than storage sites for containers.
Major Japanese trading house Sumitomo Corp. has unveiled plans to set up a logistics subsidiary in Myanmar to cash in on the increasingly promising local market and further strengthen its footprint in the entire Southeast Asian region.
DB Schenker Logistics profit stalled in 2014 even as the company increased ocean container, air freight and trucking volumes.
Revenue from Li & Fung’s logistics network soared 66 percent in 2014 to $874 million as the acquisition of giant sea freight forwarder China Container Line last year made its presence felt on the financial statements of the supply chain and sourcing group.