Logistics
Teleport’s revenue rises in third quarter on higher delivery parcels moved
Capital A's logistics arm Teleport has reported higher revenue in the third quarter amid higher tonnage and delivery parcels moved.
Singapore’s Locad raises $9M in Pre-Series B fundraise co-led by Global Ventures, Reefknot Investments
Singapore's logistics firm Locad has raised $9 million in Pre-Series B fundraise co-led by Global Ventures and its existing investor Reefknot Investments.
Hong Kong’s unicorn Lalamove launches e-hailing services in Malaysia, expands to Turkey
Founded in Hong Kong in 2013, Lalamove is an on-demand delivery platform born with a mission to empower communities by making delivery fast, simple and affordable.
J&T Express launches first self-built smart supply chain industrial park in China
Spanning 150,000 square meters, the new facility can process up to 6 million parcels per day at peak capacity, ensuring strong logistics support ahead of the upcoming “Double 11” shopping festival.
GITC partners GDEX to develop skilled workforce for logistics industry
Malaysia-based Government-Industry TVET Coordination Body (GITC) and GDEX Berhad (GDEX) are collaborating to develop a skilled and competent workforce to meet the needs of the courier and logistics industry.
J&T Express sees strong growth in 9.9 mega sales, continues to ramp up investments & network enhancements across SE Asia
To meet growing demand and peak season volumes, J&T Express said it has continued to ramp up its local investments and network enhancements across Southeast Asia.
Singapore’s GIC acquires logistics facility in Yokohama, Japan
GIC, a Singapore-based global investment firm, has acquired a logistics facility in Yokohama city, part of the Greater Tokyo metropolitan area.
Malaysia’s Teleport posts 35 percent year on year growth in second quarter revenue
Malaysia-based Capital A's logistics arm Teleport has seen its quarterly revenue increased by 35 percent year on year to MYR 225 million ($47.5 million) in the second quarter.
J&T Express achieves positive net profit in first half
J&T Global Express Limited (J&T Express), an Indonesia-based logistics service provider, said Tuesday it has turned to net profit in the first half of 2024. In the first half of 2024, all of its profit metrics swung to positive.
Indonesia’s Komerce acquires logistics firm RajaOngkir
Komerce, a technology company providing end-to-end solutions for e-commerce businesses in Indonesia, has announced the acquisition of RajaOngkir, a leading platform for real-time shipping cost calculation and application programming interfaces (API) integration.
