The Chinese government last summer issued a master plan for the Hainan to be a major port by 2050, with certain categories of goods to enjoy zero tariffs and taxes. Imported goods with more than 30% value-added processing in the trade zone will be exempt from tariffs when sold to other areas in China. Kerry Logistics provides logistics services for two duty-free shopping centers in Hainan and recently won contracts to do the same for three newly registered malls. Company officials have expressed confidence in duty-free consumption in Hainan, attracting duty-free e-commerce shipments. S.F.’s international logistics services are concentrated on moving products in and out of China.
Holding Co.’s services in China include freight transport, cold chain, international express, warehouse management, sales forecasting, intra city delivery and supply chain management. In 2019 bought Deutsche Post DHL’s supply chain division in China.The combined entity will have a very large warehousing network in China. It has locations in 59 countries and territories and 52 million square feet of packaging jobs from home warehouse space, logistics centers and port facilities worldwide. Last year, in November, the company acquired an Australian logistics company, Logical Freight Solutions, which specializes in healthcare logistics. Six months later, it opened a 14,000-square-foot facility near New York’s JFK International Airport for its pharma industry clients, citing heightened demand for cold-chain services.
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MNX said it plans to continue to pursue acquisitions of time-critical logistics firms, looking forward. With this acquisition, MDL and NEU will both leverage their respective networks and expertise to further build out seamless supply chain offerings for the life sciences and retail goods industry. It is the collective goal to maximize synergies and provide higher quality services to customers worldwide. This week, Long Beach-based MNX Logistics acquired the express division of Colorado-based Network Global Logistics – a provider of same-day air courier and logistics services, with locations on six continents. Quantix’s acquisition strategy will continue to focus on acquiring companies that provide dry and liquid bulk transportation, warehousing, and logistics services to producers and distributors of chemicals and plastics. Website GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics, and expedited shipping services.
- S.F. Holdings had nearly 115,000 employees and $17.4 billion in sales as of May, according to Forbes.
- The company has grown to include a domestic 3PL network with facilities in Nevada and Indiana, comprised of over 1M square feet of state-of-the-art modern warehouse space.
- Last year, in November, the company acquired an Australian logistics company, Logical Freight Solutions, which specializes in healthcare logistics.
- Imported goods with more than 30% value-added processing in the trade zone will be exempt from tariffs when sold to other areas in China.
- DoubleVerify is a provider of online media verification, offering a comprehensive suite of advertising verification monitoring, blocking and compliance solutions.
GlobalTranz optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S. “Frankly, we don’t have a global footprint at this moment; we are in only about 20% of the countries that DHL and FedEx are in. In 10 years, I believe we will have at least comparable capability to the big three ,” Assistant CEO Eddie Huang said in a November 2019 interview with McKinsey & Co. Cracking the international freight management business takes longer because of long-term existing relationships between many cargo owners and their logistics providers, he acknowledged.
“Our long-term aspiration is to make the logistics service almost zero-cost for our customers,” Huang said. John Labrie, CEO of NGL, said that he has observed “increased consolidation https://www.glassdoor.com/Reviews/Uss-Express-Reviews-E5867731.htm within the specialty logistics industry,” another such example being Swiss forwarder Kuehne + Nagel’s acquisition of Quick International Carrier last month.
Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products and business services sectors. Wind Point is currently investing out of Wind Point Partners IX, a fund that was initiated https://www.dashtech.org/uss-express-remote-position-of-quality-manager/ in 2019. Unishippers Global Logistics LLC is a provider of third party logistics services to over 50,000 small and medium-sized businesses through a network of nearly 300 franchise locations and affiliate outlets. Nippon Express is a publicly-traded, global logistics company with its headquarters in Tokyo, Japan and operations in 37 countries across the world.