On the wires: SF Holding – M&A fillip already gone (as Kuehne and TFI smile)
SF Holding momentarily loses out, but revenge is a dish best served cold.
An interesting report from China claims domestic express operators are looking to list on both Chinese and international stock exchanges as a way of shoring up their positions against emerging competition from global express operators. SF Express and YT Express both now have approval to list on the Shanghai bourse, while ZTO Express, also based in Shanghai, is looking to list in New York. Analysts believe the funds raised from these efforts would be invested in building warehouses and expanding vehicle fleets, and would place further competitive pressure on the myriad smaller express operators in China serving its enormous e-commerce market.