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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 02
📌Weekly Logistics Highlights: E-commerce Expansion, Port Concerns, Rail Innovations, and Market Growth Across Asia, America, and Bangladesh.
💙Good to know🧡
In the world of freight forwarding, "deadheading" doesn't refer to a wilting flower. Instead, it's a term used when a truck is traveling with an empty cargo space, either returning from a delivery or heading to pick up a new load.
🔹 U-Freight Group Plans E-Commerce Logistics Expansion in 2024
Hong Kong-based U-Freight Group is set to broaden its e-commerce logistics activities in the coming year. The focus will be on expanding the operations of its e+ Solutions (ePlus) brand, offering comprehensive e-commerce logistics support for startups with limited resources.
🔹 DHL Express Appoints New Managing Director for Hong Kong and Macau
DHL Express announces the appointment of Andy Chiang as the Managing Director for DHL Express Hong Kong and Macau. Chiang, with a robust finance background and three decades of DHL Express experience, will succeed Ng Chee Choong.
Shenzhen, China
🔹 Concerns Arise Over Red Sea Situation and Potential Port Congestion
The ongoing escalation of attacks on vessels in the Red Sea raises concerns about potential port congestion. The Global Freight Monitor of HSBC warns of container shortages, with shipping lines rerouting vessels to avoid the situation, possibly causing delays.
🔹 New Freight Train Service Enhances Trade Between Chengdu and Guangzhou
A new freight train service has commenced operations, connecting Chengdu in Southwest China with Guangzhou in Southeastern China. This strategic initiative aims to strengthen economic ties and improve trade efficiency between these two vital regions.
🔹 HNA Cargo Expands Global Digital Sales Through Cargo.One Partnership
China's HNA Cargo collaborates with the cargo.one digital booking platform to expand its global digital sales. This partnership provides freight forwarders exciting new access to HNA Cargo capacity, including routes into China and across the Asia Pacific.
🔹 Growth in China's Cargo and Container Throughput at Ports
China experiences growth in cargo and container throughput at its ports during the first 11 months of 2023. State media reports an 8.4% year-on-year increase, reaching 15.51 billion tonnes, according to the Ministry of Transport.
🔹 China Implements New Railway Operating Plan
China is set to implement a new railway operating plan from January 10, 2024, with a focus on enhancing passenger and cargo transport capacity. The plan includes the addition of 233 passenger trains across the country.
🔹 German Companies Increase Investment in China
German companies show a growing interest in the Chinese market, with a 21% year-on-year increase in actual investment during the first eight months of 2023. A survey by the German Chamber of Commerce reveals plans for increased investment in the next two years.
🔹 Air Serbia Explores Opportunities to Strengthen China Cargo Operations
Air Serbia officials explore opportunities to strengthen cargo operations in Tianjin, discussing direct pickup, trucking, and customs transit with the Tianjin Binhai International Aviation Logistics Company.
Qingdao, China
🔹 China Launches First Fully Automated Dock in Qingdao
Qingdao port inaugurates its first fully automated dock in December, representing a significant advancement in China's port infrastructure. The self-built dock aims to save manpower by 80% and operate 30% more efficiently than traditional docks.
Vietnam
🔹 Investment Opportunities in Refrigerated Transportation in Vietnam
Vietnam presents investment opportunities in refrigerated transportation, driven by economic progress and increasing demand for fresh and frozen foods. The cold chain logistics market is forecasted to grow at a CAGR of 12.24% by 2029.
🔹 Charting the Future: Vietnam’s Warehousing Sector Unveiled
Vietnam's warehousing sector anticipates substantial growth, with a projected CAGR of 11% from 2024 to 2032. The cold-chain logistics sub-sector experiences accelerated growth, driven by strong macro drivers.
🔹 Korean Air Expands Cargo SAF Program with Yusen Logistics
Korean Air partners with Yusen Logistics to expand its Sustainable Aviation Fuel (SAF) Program in the air cargo industry. This collaboration aims to promote the use of sustainable aviation fuel within the Asian region, aligning with industry climate change goals.
🔹 Jeju Air Bids for Asiana Airlines' Cargo Division
Jeju Air makes a sole bid for the sale of Asiana Airlines' cargo division, sparking competition in the aviation industry. The European Union is expected to grant final approval to the business combination of Korean Air and Asiana Airlines.
🔹 Growth Expected in Logistics Automation Market
The logistics automation market is projected to grow by USD 20.27 billion from 2023 to 2028, with a CAGR of 9.41%. The market segments include hardware, software, and services, catering to various industries.
🔹 Record Apparel Export Earnings for Bangladesh in 2023
Bangladesh achieves a record US $47.38 billion from apparel exports in 2023, contributing to the country's overall exports reaching US $55.56 billion. Recent shifts in the Suez route raise concerns among Bangladesh businesses over escalating shipping costs and potential supply
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