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Finnair and DB Schenker have initiated their sustainability collaboration by signing an agreement for DB Schenker to purchase nearly 400 tons of scope 3 CO2e reductions, equaling approximately 120 tons of sustainable aviation fuel (SAF) from Finnair. Both…
DB Schenker has opened a new office in Vietnam to mark 30 years of orchestrating the logistics industry in the country. A ceremony took place on Nov. 23 to celebrate the 30th anniversary of DB Schenker in Vietnam and the opening of its new corporate office at…
E-commerce player Lazada, which is now majority-owned by Alibaba, is confident that its expertise in Southeast Asian markets can counter the looming threat from Amazon’s much-anticipated entry into the region, a top executive said. Last year, TechCrunch…
Alibaba has invested an additional RMB23.3 billion (US$3.3 billion) to increase its equity stake in Cainiao Smart Logistics Network from approximately 51 percent to about 63 percent. The investment was made by subscribing for newly issued Cainiao ordinary…
Tigers is building a new mega-hub facility in Rotterdam, the Netherlands, as global customer demand and the e-commerce sector continue to grow. The multi-million-Euro mega-hub is currently under construction and is scheduled to be officially opened in April…
Tigers is the launch customer for a new instant freight rate quote engine developed by tech start up Doozee, as Tigers continues to embrace the digital revolution in logistics. The new tool will be available to Tigers’ extensive international agent network…
Food is the largest retail consumption category in India, accounting for 33 percent of the overall consumption expenditure. It is also the largest opportunity area, especially in times when market dynamics are changing dramatically, and consumer behaviour is…
Logivan, a web platform that helps trucks connect with potential customers, said it has raised $5.5 million in the latest funding round. The investment comes from two Asian angel investors and Indonesian venture capitalist Alpha JWC Ventures. One of the angel…
Microsoft Japan Co., Ltd. is leveraging its AI, mixed reality and other cutting-edge technologies to support Mitsubishi Fuso Truck and Bus Corporation (MFTBC) in an initiative to enhance its customer relations, boost employee productivity and drive the…
Dematic has signed a global agreement with AutoStore. The agreement will enable Dematic to expand its omni-channel integrated solution offering with an ultra-high density storage and goods to person piece picking system to optimise order fulfilment and…
UPS announced the appointment of Harld Peters as the new president of UPS China. A UPS veteran with 18 years of logistics experience, Peters will be responsible for leading strategic initiatives across UPS’s package delivery and supply chain operations in…
The third-party logistics market in China to grow at a CAGR of 10.16% during the period 2017-2021. Third Party Logistics Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the…
Singapore sovereign wealth fund GIC has teamed up with Indonesia’s PT Mega Manunggal Property (MMP) to develop a portfolio of quality logistics warehouses over the next three years. The warehouses will boast nearly 500,000 sq m of net leasable area in both…
Global logistics companies continue to pile into the Asia e-commerce market, with Damco launching a China solution and DHL expanding its growing presence in the region deeper into Thailand. DHL is building a 32,000 square foot, central distribution center in…
Singapore Post will build a $150 million shopping mall that offers a “complete suite” of e-commerce logistics solutions, the first of its kind in Singapore. The new retail mall at Singapore Post Centre (SPC) will boast 269,097.8 sf of retail space and it will…
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