Tough times for logistics tech players forced to cut staff numbers
Tech start-ups in the logistics sphere have continued the trend set in the final quarter ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
PRESS RELEASE
Cargo Services plan divestiture from EV Cargo
HONG KONG, 20 FEBRUARY 2023 – Cargo Services Group (“Cargo Services”), a leading supply chain total solution service provider, and JL Enterprises Holdings Limited (“JL Enterprises”), a family office that invests in freight forwarding and logistics sector, jointly announced today that they plan to divest completely from their investments in EV Cargo Holdings Limited (“EV Cargo”), a logistics firm and a portfolio company managed by the private equity company, EmergeVest.
Mr. John Lau Shek Yau, founder of Cargo Services as well as JL Enterprises, was a key backer of EmergeVest since its inception in 2013.
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About Cargo Services Group:
Cargo Services Group, founded by John Lau Shek Yau in 1989, is a leading provider of supply chain total solutions services as well as one of the top freight forwarders in China and Hong Kong. Cargo Services Group has a strong logistics network spreading across Asia, Australia, Europe, the Indian subcontinent, the Middle East, South Africa, and the United States of America.
About JL Enterprises:
Founded in 2000 by John Lau Shek Yau in Hong Kong, JL Enterprises Holdings Limited is a leading family office that invests in the logistics sector globally.
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