Automation solutions provider Mujin has unveiled its latest technology, TruckBot, an automated trailer and container unloader.
Reaching up to 52 feet while handling boxes weighing up to 50 pounds, TruckBot fastens onto extendable conveyors, frequently seen in modern warehouses and docks, and uses suction cup grippers to grab the sides of boxes and place them on the conveyor belt to be transferred to its QuickBot Depalletizer robotics arm for sorting. TruckBot made its debut on Monday at...
Zongteng Group, a large China-based provider of cross-border warehousing and logistics services for e-commerce sellers, on Monday celebrated its inaugural freighter flight to Paris Charles de Gaulle International Airport.
The company purchased the used Boeing 777 aircraft last year to increase its line-haul transport capabilities for better control and speed of deliveries. Central Airlines is operating the cargo jet three to four times per week from Shenzhen to Paris on behalf of Zongteng...
Amazon runs a rapidly growing airline, but Chinese e-commerce platform JD.com has gone a step further exerting control over its supply chain: hiring pilots to fly cargo jets and haul freight for third-party customers.
Welcome to JD Airlines, the latest evolution in online retailers building their own transportation and fulfillment networks to meet customer expectations for rapid, reliable delivery of their orders.
Mercado Libre, South America’s version of Amazon, and Alibaba, another Chinese...
https://www.freightwaves.com/news/jdcom-flies-freighters-with-own-pilots-will-amazon-air-follow
On Friday, JD Logistics (HKG:2618), the logistics spinoff of Chinese e-commerce giant JD.com (NASDAQ:JD), made its Hong Kong Stock Exchange debut priced at $HK40.36. It hit its peak of $HK47.75 and eventually gave up those gains, closing at $HK41.70 for a 3.3% gain.
Much of this drop from the peak was due to late retail investor activity, with security filings showing that the retail portion of the IPO was oversubscribed 715 times, according to a Reuters report.
This listing is the third to raise...
https://www.freightwaves.com/news/late-investor-activity-lowers-jd-logistics-initial-stock-gains
On Monday, JD Logistics, the supply chain spinoff of JD.com (NASDAQ:JD), set its Hong Kong IPO price between $HK39.36 and $HK43.36 for a total of 609.1 million shares. This pricing could lead to a $3.4 billion valuation for the company.
JD.com plans to hold 10% of JD Logistics’ shares, according to the new filing.
The listing would also provide an over-allotment option that would provide another 91 million shares, raising an additional $510 million.
Joint sponsors for the IPO include BofA...
https://s29755.pcdn.co/news/jd-logistics-sets-ipo-price-eyes-34b-valuation
JD Logistics, the logistics entity for Chinese e-commerce leader JD.com (NASDAQ:JD), was approved for an initial public offering (IPO) by the Hong Kong Stock Exchange. The spinoff could raise up to $4 billion, following the lead of its sibling spinoff, JD Health International (HKG:6618), which raised $3.9 billion in December.
On Monday, the logistics unit began premarketing meetings led by UBS Financial with joint sponsors including Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Haitong...
https://s29755.pcdn.co/news/jd-logistics-approved-for-ipo-spinoff-could-raise-4b
JD.com (NASDAQ: JD), a leading Chinese e-commerce company, reported a 31% jump in fourth-quarter revenue totaling $34.4 billion, and total revenue of $114.3 billion for 2020. The company’s core retail business saw the largest jump in revenue at $31.9 billion. Year-over-year, the company reported a 30% increase in active users to 471.9 million, it said on a Thursday earnings call.
Earnings per share increased 187.5% year-over-year to 23 cents, beating the 19-cent estimate. The company is...
https://s29755.pcdn.co/news/jdcom-grows-revenue-31%-may-avoid-listing-logistics-unit
Real Estate Roundup is a periodic rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Investors, hungry for higher returns, circle like hawks over industrial real estate.
It’s no secret that industrial real estate has thrived during the pandemic. Supply chain management, warehousing and distribution are viewed as vital to the economy now and in the future.
E-commerce sales, after all, are expected to increase 18% this year to $710...
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Roadrunner Transportation has fully exited the truckload business, and a startup hopes to build a road for autonomous vehicles only. Plus, NFI makes a large acquisition, and taking a cross-country trip with the head of NATSO.
Don’t call us a truckload carrierRoadrunner Transportation Systems Inc. (OTC: RRTS) no longer operates in the truckload space. The troubled carrier has completely divested its...
Chinese e-commerce giant JD.com has acquired a controlling stake in Chinese express transport company Kuayue Express Group for 3 billion yuan ($432 million). JD Logistics, the logistics arm of JD.com, will now work with Kuayue Express, a firm regarded as a front-runner in “limited-time express service” — integral to JD.com’s idea of same- and next-day delivery.
“Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and...
https://s29755.pcdn.co/news/jd-com-buys-432-million-majority-stake-in-express-delivery-giant