BUSAN, March 9 (Korea Bizwire) – A 580-meter, 40-car freight train arrived at Busanshinhang Station Wednesday at 11:28.a.m, after departing Obong Station in Gyeonggi Province at 6:20 a.m. Although the length was not as impressive as freight trains in the U.S., which can stretch over a mile in length, freight trains here typically carry 30 [...]
INCHEON, Dec. 27 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced Tuesday a new development plan for the Port of Incheon, which involves investment of 9 trillion won ($7.45 billion) to transform the port city into a global center for logistics and marine tourism. Incheon’s port currently ranks fourth in South Korea in [...]
AMERSFOORT, The Netherlands, Nov. 7 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Technische Unie, a Dutch subsidiary of Sonepar, a world-wide leading distributor of electrical products and related services, is using Descartes Route Planner™ and Descartes Mobile™ to optimize, monitor and improve delivery [...]
SEOUL, Sept. 8 (Korea Bizwire) – Despite a prolonged economic downturn and Korea’s new anti-graft law, which prohibits the acceptance of gifts exceeding 50,000 won ($45) for public officials, journalists and private school faculty, parcel delivery companies are once again being flooded with Chuseok gifts. Korea’s leading parcel delivery services, CJ Korea Express and Hyundai [...]
SEOUL, Sept. 8 (Korea Bizwire) – CJ Korea Express Corp., South Korea’s largest logistics company, said Thursday it has bought Malaysia’s No. 2 logistics company to expand its distribution channel in Southeast Asia. CJ Korea Express’ Asian branch bought a 31.5 percent stake in Century Logistics Holdings Bhd for 47.6 billion won (US$43.5 million) to [...]
SEOUL, April 14 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce operator, said Thursday its sales jumped more than three-fold in 2015 thanks to its delivery service, but its operating loss widened due to big investments in logistics capacity. Coupang posted 1.13 trillion won (US$ 976.66 million) in sales last year, becoming the first social commerce [...]
SEOUL, Nov. 4 (Korea Bizwire) – E-commerce giant Coupang has announced that it will be investing 1.5 trillion won by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than the 1 billion dollar infusion attracted from Softbank, [...]
WATERLOO, Ontario, Jul. 29 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced that it has signed a software development cooperation agreement with SAP SE (NYSE:SAP). The partnership provides customers with an end-to-end business-content network for logistics collaboration and connectivity by creating a logistics message [...]