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...“The diversification into logistics also helps because it is less capital-intensive and less cyclical.”...
...Amazon’s $1bn industrial innovation fund is to step up investments in companies that combine artificial intelligence and robotics, as the ecommerce giant seeks to drive efficiencies across its logistics...
...The United Steelworkers union on Tuesday asked President Joe Biden to open a trade investigation into alleged Chinese unfair economic practices in the shipbuilding and maritime logistics sectors....
...Chinese ecommerce group Alibaba has suspended a planned IPO for its logistics arm Cainiao and said it would instead spend up to $3.8bn to buy out the unit’s minority shareholders....
...The board unanimously recommended shareholders accept the offer from the supply chain logistics group, which represented a 52 per cent premium to the last closing price....
...It has been on an acquisition spree in logistics in recent years, helped by massive profits earned during the pandemic....
...Zara owner Inditex said it would spend nearly €2bn to build more logistics “muscle” as it announced accelerating sales growth that pushed its shares to a record high....
...CMA CGM’s bid for Wincanton was made by its subsidiary Ceva Logistics, a logistics company that it acquired in 2019....
...Alibaba has put on hold the planned listing of its logistics arm, which bankers had hoped to take to market at a $20bn valuation, blaming market conditions....
...flying taxi company says that China’s “low altitude” industry is edging ahead of western rivals, thanks to more supportive regulators, technological breakthroughs and cut-throat competition in the Chinese logistics...
...But after years of budget cuts the once-powerful Royal Navy will need its allies to provide many of the additional vessels needed to form a carrier strike group — in particular a key logistics ship....
...Russia’s military will step up strikes on logistics centres and storage facilities for western weapons in Ukraine, defence minister Sergei Shoigu has said....
...UK-based logistics group Wincanton is at the centre of a bidding war, with an agreed buyer increasing its offer and a third party also considering a bid....
...Enrico Vergani Partner and Lead on Shipping, Transport & Logistics, BonelliErede (lawyers) London EC4, UK...
...The logistics industry remains committed to achieving net zero, Wells said, but admitted there is still much to be done....
...Urban Logistics REIT, whose stock ticker is SHED, is the latest to pounce, launching a counter-offer for Aberdeen Property Income Trust this week with aims to create a vehicle worth £800mn....
...Some logistics companies offer a “southern route” that avoids Russia, going via Kazakhstan, Azerbaijan and Turkey....
Norway’s Wallenius Wilhelmsen is the biggest participant in a corner of the industry enjoying strong demand
...Royal Mail holds a share of about 25 per cent of the UK parcels market by revenues, topping the likes of Amazon Logistics, DPD and DHL....
...The biggest movers on European stock markets on Thursday include travel technology platform Amadeus, joiner and kitchen supplier Howdens, consumer health group Haleon and logistics company Wincanton....
...In contrast, Alibaba’s stock is down a quarter despite it having many promising business units, including cloud and logistics....
...YDLGP would also buy Shift and turn the merged companies into a “super-scale” logistics platform, Yodel said....
...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
...ecommerce logistics firm YunExpress from Shenzhen to Paris, flying around six times per week....
...Hornby, best known for making model railways, said Ashley would be available to support its chief executive, Olly Raeburn, and the wider business on “systems, operations, logistics and, where relevant, broader...
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