SEOUL, June 21 (Korea Bizwire) — CJ Logistics Corp. has established strategic partnerships with domestic and international shippers to enhance its integrated logistics capabilities. During the past eight months, the South Korean logistics giant has entered into agreements with four shipping companies, including SM Line Corp. and Taiwan’s Evergreen Marine Corp., to bolster its global [...]
SEOUL, Nov. 25 (Korea Bizwire) — As part of measures to improve its work environment, Hanjin Transportation Co., a logistics company, will use smartwatches to track the signs of potential health problems among couriers, who are suffering from an excessive workload with the recent surge in online orders. Hanjin said on Tuesday it had distributed [...]
SEOUL, Nov. 3 (Korea Bizwire) — Supply chain worries loom over the South Korean economy as China has started to impose limits on exports of urea. Urea water is indispensable in an emissions control system called selective catalytic reduction (SCR). Vehicles powered by diesel engines are required to be equipped with SCR systems, which are [...]
SEOUL, Oct. 10 (Korea Bizwire) — The costs of air and maritime cargo shipping surged to their all-time highs in South Korea, as logistics giants reduced their international schedules amid the COVID-19 pandemic, industry data showed Sunday. The average air freight rate from the benchmark Hong Kong-United States routine stood at US$9.74 per kilogram as [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s top online portal operator Naver Corp. has joined hands with logistics giant CJ Logistics Co. to expand its logistics infrastructure. The two parties announced on Sunday the establishment of an e-fulfillment center with a total floor space of 38,400 square meters in Gunpo, Gyeonggi province. The new [...]
SEOUL, May 20 (Korea Bizwire) — South Korea said Wednesday it aims to supply hydrogen fuel-cell electric trucks in 2023 following a two-year test project as it strives to use hydrogen vehicles in the non-passenger transportation sector as well. The trade, environment, transport ministries, and the nation’s leading logistics firms have signed a memorandum of [...]
SEOUL, Apr. 17 (Korea Bizwire) — The defense ministry said Wednesday that it plans to establish a defense “big data” system this year as part of efforts to enhance the military’s logistical capabilities by harnessing cutting-edge technologies. It is one of the ministry’s 18 plans to be pushed for this year under the Defense Reform [...]
SEOUL, SOUTH KOREA, Jan. 15 (Korea Bizwire) - Intra-Asia Trade continues to grow steadily as Asia and the Pacific saw its gross domestic product (GDP) rise from 30.1% in 2000 to 42.6%[1] in 2017, and account for more than a third of global exports. Average container utilization globally is expected to increase significantly from 68% in [...]
SEOUL, Oct. 1 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics firm, said Monday it will build a new distribution center and hire thousands more couriers in Thailand in the next two years to become the No. 1 player in the Southeast Asian country’s parcel service sector. The company began its parcel [...]
SEOUL, Jul. 25 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, has invested in last-mile logistics companies as part of efforts to secure a new growth driver, the company said Wednesday. Last-mile logistics refers to the final step of the delivery process from a distribution center or facility to the end [...]