SF Express

Etihad Airways, SF Airlines mutually assist cargo network expansions

Etihad Airways and express carrier SF Airlines have conducted the first freighter flights to each other’s respective home bases in Abu Dhabi, United Arab Emirates, and Wuhan, China, under a new arrangement that expands their global cargo networks.

On Saturday, Etihad’s logistics arm inaugurated a second all-cargo destination in China with the arrival of a Boeing 777 cargo jet at Wuhan Tianhe International Airport, kicking off twice weekly flights to the city. A Boeing 747-400 freighter operated...

https://www.freightwaves.com/news/etihad-airways-sf-airlines-mutually-assist-cargo-network-expansions

On the wires: SF Holding – M&A fillip already gone (as Kuehne and TFI smile)

That the full, upcoming Q1 ’21 update – expected within the next month – would be painful for SF Holding emerged recently and may be a reason according to which the Chinese integrator had to act swiftly to take over Kerry Logistics Network, although the M&A momentum was momentary, as opposed to that enjoyed by others that went for deal-making in the first quarter.

“Valuation still stretched after share price correction: SF’s share …

The post On the wires: SF Holding – M&A fillip already gone (as...

https://theloadstar.com/on-the-wires-sf-holding-ma-fillip-already-gone-as-kuehne-and-tfi-smile/

Plus money: Autonomous technology startup adds $220M to recent capital raise

Self-driving trucking technology startup Plus added $220 million to a recent capital raise, putting it on track for commercialization of its Level 4 system in China this summer.

The previously announced $200 million raised in February was led by CPE and Guotai Junan International. 

The new money is mostly from Chinese and Asian investors. Chinese funds FountainVest Partners and ClearVue Partners co-led the raise. 

Participants included Taiwan’s Quanta Computer Inc., along with existing investors...

https://s29755.pcdn.co/news/plus-money-autonomous-technology-startup-adds-220m-to-recent-capital-raise

M&A radar: SF Holding + Kerry – hitting the jackpot via a smart deal structure

Calling the SF Holding + Kerry Logistics Network (Kerry) tie-up structure was a bit of a headache – and in fact, to my knowledge, nobody guessed it right earlier this month when the initial rumours emerged.
However, we weren’t far away from winning it last week (here: “Enter the Chinese mammoth and goodbye Kerry Logistics“) when – after gathering meagre market feedback in the wake of a rather disjointed, yet useful, …

The post M&A radar: SF Holding + Kerry – hitting the jackpot via a smart deal...

https://theloadstar.com/ma-radar-sf-holding-kerry-hitting-the-jackpot-via-a-smart-deal-structure/

The Daily Dash: C.R. England strikes back; XPO bullish on 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, C.R. England, one of the carriers targeted in a staged-accident scheme, is suing the law firm involved. Plus, XPO thinks 2021 is only going to get better, and Forward Air makes an acquisition and a divestiture.

C.R. England fighting back

Truckload carrier C.R. England, the company that court records suggest paid out the greatest amount of money in the Louisiana staged-accident scandal, is fighting...

https://s29755.pcdn.co/news/the-daily-dash:-cr-england-strikes-back;-xpo-bullish-on-2021

Kerry Logistics takeover by SF Holding creates ‘biggest logistics group in Asia’

Chinese express giant SF Holding is to acquire a 51.8% stake in Hong Kong’s Kerry Logistics Network – a landmark $2.3bn deal creating the “biggest logistics group in Asia”.
In a filing to the Shenzhen stock exchange late last night, SF Holding, which operates courier firm SF Express, said the move would help expand its international footprint and freight forwarding operations through Kerry’s extensive South-east Asia network and its strength on …

The post Kerry Logistics takeover by SF Holding...

https://theloadstar.com/kerry-network-takeover-by-sf-holding-creates-biggest-logistics-group-in-asia/

Against the odds: Enter the Chinese mammoth and goodbye Kerry Logistics

Of all the M&A-related stories, the outcome for Hong Kong’s Kerry Logistics Network is currently the hardest to call.
Odds
Certain signs point to its days on the stock market being numbered, with the world of logistics conceivably losing a third major public player since 2019 in the wake of the takeovers of Panalpina by DSV and Ceva Logistics by CMA CGM, if its suitor SF Holding makes an offer for the …

The post Against the odds: Enter the Chinese mammoth and goodbye Kerry Logistics appeared...

https://theloadstar.com/against-the-odds-enter-the-chinese-mammoth-and-goodbye-kerry-logistics/

Flexport secures a billion dollars in new funds to help grow its global footprint

UK digital-first freight forwarder Flexport has secured “a truly outstanding” $1bn in a new funding round led by Japanese tech investment behemoth SoftBank.
Flexport said the cash would be used to “deepen its technology and data capabilities, grow its global logistics infrastructure footprint and invest in industry expertise”.
SoftBank’s Vision Fund was joined by existing investors in Flexport, including Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and emerging Chinese integrator...

https://theloadstar.co.uk/flexport-secures-a-billion-dollars-in-new-funds-to-help-grow-its-global-footprint/

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