DVZ radar: DHL Express awaits the next e-commerce star
It is all about networking
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 Morning Post.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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During August 2023, please contact
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