International Archives - Page 53 of 76

E-commerce logistics, airfreight fuel Kerry Logistics’ 1H profit

27 August 2020

Kerry Logistics (HKSE: 0636.HK) scored a first-half-year net profit of HK$845 million (US$109 million), up 26% over the same period last year, despite a significant downturn in warehouse business caused by the coronavirus pandemic.

A decline in logistics revenue from operating fewer warehouses in Hong Kong was offset by strong growth in last-mile fulfillment and e-commerce logistics.

Demand for general warehousing and regional distribution centers plummeted this year across Asia with the...

https://s29755.pcdn.co/news/e-commerce-logistics-airfreight-fuel-kerry-logistics-1h-profit

Trans-Atlantic LCL steady despite COVID-19

26 August 2020

Ocean freight consolidators and forwarders have taken comfort in less-than-container-load (LCL) volumes and services in the U.S. trans-Atlantic trades, despite the ongoing economic headwinds caused by the coronavirus pandemic.

In recent months, more American and European shippers have turned to LCL services as a cheaper alternative to air freight and a way to counter ocean carrier service disruptions involving full-container-load (FCL) transport.

“Owing to the higher FCL and airfreight charges,...

https://www.freightwaves.com/news/trans-atlantic-lcl-steady-despite-covid-19

Warehouse picking robot startup XYZ raises $17 million

26 August 2020

Warehouse picking robot startup raises $17 million (Photo: XYZ Robotics)

Massachusetts-based logistics robot startup XYZ Robotics has raised a Series A+ round of $17 million, led by Source Code Capital, Gaorong Capital and Morningside Capital. XYZ, which develops picking robots for warehouses, said the financing would help scale up research and development and bolster its operational capabilities. This funding round brings the company’s total investment to $27 million.

E-commerce has steadily risen in prominence within the retail market, eating into the market share...

https://s29755.pcdn.co/news/warehouse-picking-robot-startup-xyz-raises-17-million

Files from TFI’s Canpar leak after ransomware attack

24 August 2020

A delivery vehicle of TFI's Canpar Express. Canpar files were released in a leak after a ransomware attack.

Files purportedly stolen from TFI International’s Canpar Express leaked onto the dark web on Monday after a ransomware attack targeted the Canadian trucking and logistics company’s parcel and courier subsidiaries last week.

The leak, consisting of three documents, appears to have come from DoppelPaymer. The hacking group has taken credit for ransomware attacks on high-profile targets including the city of Knoxville and a NASA IT contractor.

It also includes a message: “As an essential service...

https://www.freightwaves.com/news/files-from-tfis-canpar-leak-after-ransomware-attack

DHL aims to advance women in its ranks

24 August 2020

Deutsche Post DHL Group (OTCMKTS: DPSGY) has stepped up its commitment to recruit, retain and promote women in its management ranks by announcing a new policy that provides three months of maternity leave at 100% pay for its North American supply chain unit.

The policy takes effect Jan. 1 and will also apply to adoptive parents, the company said.

“We firmly believe that the introduction of...

https://www.freightwaves.com/news/dhl-aims-to-advance-women-in-its-ranks

Ransomware attack hits TFI’s Canadian courier divisions

24 August 2020

A delivery vehicle of Canpar Express. It was among the four TFI International courier divisions hit by a ransomware attack.

A ransomware attack hit TFI International’s (NYSE:TFII) four Canadian courier divisions on Thursday, two days after the transportation and logistics company raised millions of dollars in a share offering.

The attack impacted “some systems” of Canpar Express, ICS Courier, Loomis Express and TForce Integrated Solutions, according to notices posted to the couriers’ websites.

“We continue to meet most customer shipping needs and we are not aware of any misuse of client information,” the notices...

https://s29755.pcdn.co/news/breaking-news-tfi-ransomware-attack-hits-canadian-courier-divisions

Look at Asia-Pacific to understand future of retail

22 August 2020

As COVID-19 continues to rage on, the retail market is in the midst of seismic disruption as consumers continue to shift from shopping at stores to buying online. The transition toward e-commerce had been gradual, then the pandemic accelerated the move online — and nowhere is it more evident than in the Asia-Pacific region.

Management consulting firm Bain & Company has come out with a report on the future of retail in Asia-Pacific, detailing how the region is “leapfrogging” development stages...

https://s29755.pcdn.co/news/look-at-asia-pacific-to-understand-future-of-retail

ZIM Q2 net profit shoots up 394%

21 August 2020

ZIM Integrated Shipping Services Ltd. was modest in its earning statement, calling a second-quarter 394% net profit rocket simply “significant improvement.”

This week ZIM reported second-quarter net profit of $25.3 million compared to $5.1 million in the same period last year.

ZIM President and CEO Eli Glickman used the same exact words, “significant improvement,” in May, when he reported the Israeli shipping line had whittled its first-quarter net loss year-over-year from $24.3 million to $11.9...

https://s29755.pcdn.co/news/zim-q2-net-profit-shoots-up-394

Port of Montreal to reopen Sunday after strike truce

21 August 2020

A container ship docked at the Port of Montreal. The port is expected to reopen on Sunday after an 11-day strike

The Port of Montreal is expected to reopen Sunday after longshore workers and employers agreed to a seven-month truce that will end an 11-day strike.

The Maritime Employers Association (MEA) and Canadian Union of Public Employees (CUPE), the union representing longshore workers, announced the truce on Friday. Both sides voiced optimism that they can agree on a new contract before the seven months ends.

“We are truly confident we will reach a deal,” Martin Tessier, MEA president, told reporters...

https://www.freightwaves.com/news/port-of-montreal-to-reopen-sunday-after-strike-truce

Breaking news: Port of Montreal longshore workers, employers reach tentative deal to end strike

21 August 2020

Longshore workers and employers at the Port of Montreal have reached a tentative agreement that will end a costly strike. Details are expected this afternoon

Longshore workers represented by the Canadian Union of Public Employees began an unlimited strike on Aug. 9. They have been at odds with the Maritime Employers Association over working conditions and hours.

Maritime and transportation executives have increasingly sounded the alarm over the disruption at Canada’s second-busiest port as vessel...

https://s29755.pcdn.co/news/breaking-port-of-montreal-longshore-workers-employers-reach-tentative-deal-to-end-strike

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