A compound annual growth rate of 24.7 percent is welcome in any business sector, but when that business is e-commerce in China, the numbers being generated quickly reach incredible levels.
The millions of products ordered online in China during the November 11 “Singles Day” will have to be delivered across mainland China in the next couple of weeks, placing intense pressure on distribution networks in the country.
Foreign logistics property developers continue to beef up their business in China’s fast growing inland provinces, with Australia’s Goodman Group and Singapore-listed Global Logistics Properties (GLP) this week adding almost 900,000 square feet of combined leased space to existing customers.
Old Dominion Freight Line is expanding its U.S. intermodal drayage network at ports and inland railheads, strengthening the less-than-truckload carrier's connections with global shippers.
China’s logistics property investment is continuing at a rapid pace as retailers sign leases for specialised distribution centres to support their mainland expansion plans.