Archive for the Category ‘Logistics & Transportation’

Suning Builds a Logistics Base in Chongqing

Suning Builds a Logistics Base in Chongqing

Chinese home appliance retailing leader Suning Appliance Co., Ltd. (SZSE: 002024) starts building a logistics base in Chongqing, an emerging electronics manufacturing center in west China where there have been a list of electronics names such as Hewlett-Packard Development Company (NYSE: HPQ | Quote | Chart | News | PowerRating), Foxconn Industrial Group, Quanta Computer [...]

Nevada trade rep sees potential in logistics, mining and renewables for China trade

Nevada trade rep sees potential in logistics, mining and renewables for China trade

Compressed profit margins for Chinese manufacturers may hold opportunity for northern Nevada, the state’s new trade representative in Shanghai said recently
Tighter margins during the global recession have led manufacturers to bring more of their logistics functions in-house, says Jeffrey Bernstein, and many look to launch West Coast distribution to serve markets in the United States, [...]

Acquisitions point to future of China’s logistics sector

Acquisitions point to future of China’s logistics sector

IN recent news, Aqua Logistics, a Mumbai based Indian third party logistics service provider, entered into an agreement to acquire three Hong Kong based companies — CIT, TAG and AGI Logistics — through its subsidiary, Aqua Logistics Hong Kong Ltd.
According to the report, Aqua will initially acquire 60% in the companies for a total amount [...]

New logistics park to be built at Yangshan Port

New logistics park to be built at Yangshan Port

Grand Power Logistics Group, a leading China-based international logistics provider, reported in January that its 70% owned subsidiary, Grand Power Logistics Development had signed a memorandum of understanding to develop the Yangshan International Container Transit Logistics Park.
Behind that somewhat formal language is the idea of a transit port to deal with both outgoing and incoming [...]

Toll buys into US retail freight

Toll buys into US retail freight

TRANSPORT and logistics giant Toll Holdings has made its 80th takeover by buying an ocean freight business in the United States.
Toll announced February 3 that it had bought New Jersey freight forwarder Summit Logistics International which services America’s clothing and footwear market. 
In a statement, Toll revealed that it had bought Summit for $A80 million and [...]

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