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Digital technologies will find wider use in the global logistics industry over the next five years and get a further fillip due to regional trade integration and cross-border ecommerce, a new survey-based industry report said on Tuesday. ....
Global survey finds logistics embracing digital tech chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Chinese smart logistics platform YunQuNa enters unicorn club post $100m round Bukit Merah, Singapore. Photo by CHUTTERSNAP on Unsplash May 25, 2021 YunQuNa, a global smart logistics service platform born in China, announced on Tuesday the completion of a Series D1 funding round at $100 million to achieve a unicorn valuation of over $1 billion. Investors of the Series D1 round remained undisclosed. Beijing-based Source Code Capital, which backed YunQuNa’s Series A round in 2017, said in a statement that it had continued to re-up in the firm’s Series B, C, and D rounds. Shanghai-based YunQuNa, which has served about 20,000 enterprises to date, plans to further raise its stakes in the construction of a global logistics network using the new proceeds. It targets to add “dozens of” new logistics centres across major countries and regions in the next one to two years. That is expected to lift the firm’s existing network that covers markets including Mexico, ....
China-Europe freight trains put BRI on fast track to cooperation By ZHONG NAN | China Daily | Updated: 2021-05-10 09:09 Share CLOSE A crane loads containers onto a China-Europe freight train carrying automobiles, furniture and daily necessities before its departure from Tianjin on Feb 24. [Photo by Sun Lijun/For China Daily] The freight train service between China and Europe will continue to show its competitive edge over maritime and air transportation, and further enrich the cooperative content of the Belt and Road Initiative this year, experts and business leaders said. The latest data showed freight train trips between China and Europe soared 70 percent on a yearly basis to 3,345 rides in the first quarter of this year. ....
Container shortage weighs on China shippers Products targeted for exports piling up on wharves as raw material costs increase rapidly due to contagion constraints Surging overseas orders for Chinese goods are creating rising pressure on ports and shipping companies, and related parties are working together to break the deadlock. PowerRide, a British customer of Easy-try Cycles (Tianjin) Co Ltd, is facing fast-rising freight rates from China. “Shipping costs of a 40-foot-container from Tianjin to the United Kingdom soared from $3,000 to $14,000 during the few weeks before Chinese New Year, and the company ended up paying $10,000 per unit for shipping the bikes they purchased,” said Li Qing, president of Easy-try Cycles. ....