DSV US expansion continues with major investment in California hub
DSV is betting on the US: it has confirmed it is spending some $107m to ...
Their governments may be at loggerheads, but it hasn’t stopped China’s JD.com and the US’s Walmart investing half-a-billion dollars in a new joint-venture, according to The South China Morning Post. The money is earmarked for logistics services company Dada-JD Daojia, comprising two businesses, in which both parties have already invested heavily. The first is a network of 5m delivery people, while the second supplies one-hour delivery services for groceries and other items. Despite JD.com already being a part-owner, it appears Walmart is responsible for the bulk of the additional investment, pouring in some $320m, adding to its initial $50m investment made in 2016.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
FAK rate hikes holding, with strong demand into peak season predicted
Indian trade disrupted as port congestion forces liner services to skip calls
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article