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Alibaba-led consortium to buy 10% stake in ZTO Express for $1.38bn

247 Customs Broker

Alibaba-led consortium has agreed to purchase 10% equity stake Chinese express delivery firm, ZTO Express (Cayman), for around $1.38bn. The investors led by Alibaba and its logistic arm Cainiao Network have entered into a strategic agreement with ZTO Express for the investment and acquisition of interest.

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This Week in Logistics News (September 23 – 29)

Logistics Viewpoints

UPS has launched DeliveryDefense , an AI-powered approach to reducing the risk of delivery theft. The UPS tech uses historic data and machine learning algorithms to assign each location a “delivery confidence score,” which is rated on a one to 1,000 scale. California Gov.

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The End of the E-Commerce Hype Is Bad News for Planes

ShipLilly

Data released by the Bank of America suggests this pattern is reflected elsewhere in industries. The appraiser IBA shows data supports this trend. Moreover, the smaller aircraft (that would have been better suited to carrying lower volumes for frequent express deliveries) are being converted to meet a demand that is simply not there.

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Cainiao Network, RoboSense release world’s first unmanned logistics vehicle

247 Customs Broker

Alibaba Group’s Cainiao Network and RoboSense have announced what they claim is the world’s first solid-state LiDAR unmanned logistics vehicle, G Plus. The companies announced the launch of G Plus driverless delivery vehicle at Alibaba’s Cainiao Network 2018 Global Smart Logistics Summit. LBR Staff Writer.

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Companies in Asia Pacific Eager to Innovate with Supply Chain Optimization

AIMMS

The need for advanced analytics in these areas is pressing, as large amounts of data are available , adding complexity to operations. SF Express is the biggest local express delivery company in the region. The AIMMS Alumni Connection Group on LinkedIn. However, there are some concerns hindering adoption. .

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Driven by international shipment and e-commerce gains, DHL opens up new Inland Empire facility

247 Customs Broker

By Jeff Berman, Group News Editor ·. Express delivery and logistics services provider DHL recently announced it has moved its Southern California-based service center in Ontario to a larger location in order to meet increase growth it is seeing in international trade and e-commerce. Jeff Berman, Group News Editor.

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DHL’s Global Trade Barometer shows gains

247 Customs Broker

Global express delivery and logistics services provider DHL said this week that the most recent edition of its quarterly Global Trade Barometer continues to trend in the right direction, with various indicators pointing to a strong global trade outlook. Jeff Berman, Group News Editor. to take advantage of trends we see.”.