Chinas Deeper Acquires Singapores MIPL to Expand in Southeast Asia

Chinas Deeper Acquires Singapores MIPL to Expand in Southeast Asia

King Koil has invested 248 million RMB to acquire specific assets of Singaporean home furnishing company MIPL and its Indonesian production base, PTTC. This acquisition aims to expand into the Southeast Asian market and deepen its global strategic layout. This move will enhance King Koil's competitiveness in the Singapore market and increase its global market share. The company expects this investment to contribute significantly to its growth strategy in the region.

01/23/2026 Logistics Industry Insights
Read More
US Spot Freight Rates Unexpectedly Climb in July

US Spot Freight Rates Unexpectedly Climb in July

A recent DAT report reveals an unusual surge in US spot freight rates in July, surpassing June's figures. This breaks a historical pattern observed since 1996, raising concerns about structural shifts in the freight market. Analysts suggest factors like retailer restocking, manufacturing recovery, and a tight labor market may have contributed to this anomaly. The market is closely monitoring August data to determine the sustainability of this trend.

01/20/2026 Logistics
Read More
Trucking Industry Struggles with Oversupply Amid Freight Downturn

Trucking Industry Struggles with Oversupply Amid Freight Downturn

TransCore data reveals spot market truckload capacity hitting a six-month high, exacerbating oversupply. Rising costs and slowing demand are squeezing profit margins in the trucking industry. Truck drivers need to be resourceful, adaptable, and improve service quality. Embracing intelligent and green technologies is crucial for survival and growth in this fiercely competitive market. They must carefully manage expenses and adapt to market fluctuations to remain competitive and thrive.

01/21/2026 Logistics
Read More
Fedex Acquires TNT Express for 48B to Boost European Ecommerce

Fedex Acquires TNT Express for 48B to Boost European Ecommerce

FedEx plans to acquire TNT Express for $4.8 billion, aiming to expand its market share in Europe and better serve the global e-commerce market. This move will enhance FedEx's global competitiveness, improve customer service capabilities, and enable FedEx to capitalize on the continued growth of global e-commerce. Experts believe the acquisition is strategically significant for FedEx, allowing for immediate expansion of its European capabilities, distribution footprint, and market share.

01/26/2026 Logistics
Read More
Ozon Posts 630 Profit Surge Amid Russias Ecommerce Boom

Ozon Posts 630 Profit Surge Amid Russias Ecommerce Boom

Russian e-commerce giant Ozon achieved a remarkable turnaround amidst global e-commerce downturn, with profits surging 6.3 times and GMV growth reaching 64%. Their success lies in building a vibrant seller ecosystem, enhancing user repurchase rates, and capitalizing on rapid market growth. However, logistics efficiency and localized operations remain challenges. Chinese sellers should closely monitor market dynamics and adjust strategies accordingly to stand out in the Russian e-commerce market.

01/26/2026 Logistics Industry Insights
Read More