September 2016

U-Freight gears up for e-commerce

Hong Kong-based U-Freight is redeveloping some of its warehouses to better equip them to handle the logistics for e-commerce. Chief executive Simon Wong said the company is planning significant investment in equipment, pick and pack areas, low level racking and mezzanine floors in many of its warehouses. Redevelopment of facilities in the Hong Kong has already started and this will be replicated at warehouses around the region, including China, the Philippines, ... [+]

Updated: Hanjin throws in the towel

The global recession and global overcapacity claimed its largest shipping industry casualty to date when Korean-owned Hanjin called in the receivers on 31 August. It followed the withdrawal of backing by the state Korea Development Bank, which stated that its debt stood at $5.5 billion at the end of June. The ... [+]