Last-mile parcel carriers struggle while global express market is set for growth
The global express parcel market is set to see steady growth over the next four ...
Alibaba has strengthened its hold on the courier market by investing an extra $966m in YTO Express, bringing its share in the company to 22.5% from 10.5%. The e-commerce giant will work with YTO on express deliveries, air cargo, building a global logistics network and digital technology.
The move looks to be part of a wider industry trend, following last month’s news, that JD.com has acquired a controlling interest in express transport company Kuayue-Express Group for Rmb3bn ($439m), in the South China ...
Keep our news independent, by supporting The Loadstar
Four crew members still missing as Wan Hai 503 continues to burn
Explosions and 'out-of-control' fire reported on Wan Hai box ship
Carrier price hikes hold, driving spot rates higher as space gets scarcer
Predatory rivals circle as the ripples from DSV's Schenker buy widen
MSC Elsa crew face criminal probe, as Wan Hai 503 firefighters battle on
Transpacific rates ease as capacity boost proves too much for trades to digest
'It's driving us mad', say forwarders as US court fails to end tariff turmoil
Comment on this article