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Saturday, October 19, 2019

Tag: logistics

Hauliers look for budget incentives to go green

Association seeks subsidies for lorries to use B20 biodiesel fuel, while a transport expert calls for port vehicles to go electric by 2023.

Temasek buys US$300 million stake in Li & Fung’s logistics unit

The deal values Li & Fung's logistics unit at about US$1.4 billion.

FedEx sues US government over ‘impossible’ task of policing exports to...

FedEx believes it should not be expected to enforce the export ban and could not reasonably be held liable for shipping products that it did not know about.

ICC defends no-reserve-day decision, blames ‘unseasonable weather’

A record three matches have already been either abandoned or called off in the weather-hit tournament and the forecast is for further washouts this week.

Driverless electric truck starts deliveries on Swedish public road

Swedish-start up company Einride began daily freight deliveries via a driverless electric truck, a world's first according to Enride and logistics customer DB Schenker. The company does not rule out future collaborations with large truckmakers.

Sime Darby posts 69% hike in net profit for first half...

Company's performance was pretty solid largely due to its industrial division in Australia, says chief executive Jefri Salim Davidson.

Chinese police arrest 21 over data theft at Alibaba’s delivery arm

More than 10 million pieces of client data were stolen.

Maersk: Customers to pay for US$2 billion-a-year fuel hike

Maersk, which controls about a fifth of the container shipping market, has for years added surcharges to its container rates to make up for swings in bunker fuel prices with varying degrees of success.

Rakuten details plan to fight back against Amazon, SoftBank

Rakuten is counting on the convenience of one ID for everything from shopping, booking travel to paying the bills to attract new customers and convince extant users to spend more on the platform.

Unilever to use JD.com to move products across China

The tie-up comes as many Western brands are pushing to expand sales to consumers beyond Chinese cities, both online and offline.

EC to decide on Aug 8 on having 2 by-elections simultaneously

Its deputy chairman Othman Mahmood said it needs to look into the security and logistics aspects.

Allianz Real Estate aims to raise China investment in new economy,...

The insurer and asset manager on Monday said it bought an office tower in a Beijing software park that was fully leased to Chinese tech firms.

H&M has another quarter of declining profit on logistics snags

The Swedish retailer started introducing a new logistics system to speed shipments up but ran into snags that interrupted deliveries to markets including the US and France, as well as slowing down online sales in the Nordic region.

Shipping better than using rail, say analysts

As such, they say cancelling East Coast Rail Line is unlikely to have much effect.

Pos Malaysia wants to hook up with Alibaba

The top performer this year among 14 global courier stocks wants to eliminate middlemen in the delivery of Alibaba-sold goods.

Pos M’sia Q1 pre-tax profit rises to RM42m

This is due to higher profits generated by the courier segment bolstered by demand in e-commerce and online business.