Skip to content
Search AI Powered

Latest Stories

JD Logistics plans to acquire Chinese trucking company Deppon Logistics Co.

$1.4 billion deal would expand LTL and truckload capabilities for logistics arm of Chinese e-commerce giant JD.com.

Deppon trucks Screen Shot 2022-03-14 at 5.01.23 PM.png

Chinese supply chain and logistics service provider JD Logistics plans to acquire Deppon Logistics Co. Ltd. for $1.4 billion, in a move to grow its capabilities in less-than-truckload (LTL) and full truck load (FTL) transportation, delivery services, and warehousing management, the company said Sunday.

Pending approval of various closing conditions, JD Logistics will buy 99.99% of the equity interest in Ningbo Meishan Baoshui Area Deppon Investment Holding Company Limited, which in turn holds a total of approximately 66.50% of the issued share capital of Deppon. In addition, JD Logistics will make a general offer for all tradable shares of Deppon, a company of 120,000 employees which is listed on the Shanghai Stock Exchange.


JD Logistics is a unit of JD.com, China’s largest online retailer and a technology vendor that offers brands access to its vast infrastructure through a “retail as a service” model. The division operates over 1,300 warehouses, which cover an aggregate gross floor area of over 258 million square feet.

Both the logistics division and its e-commerce parent have large resources. For the 2021 fiscal year ending December 31, JD Logistics had net revenue of $16.4 billion for an operating loss of $286.7 million. That contributed to its parent company JD.com’s fiscal 2021 results of $149.3 billion in net revenue and $649.8 million in operating income.

Recent

More Stories

gartner chart of survey on procurement risk

Gartner survey: supply disruption ranked as top procurement risk

A hefty 42% of procurement leaders say the biggest threat to their future success is supply disruptions—such as natural disasters and transportation issues—a Gartner survey shows.

The survey, conducted from June through July 2024 among 258 sourcing and procurement leaders, was designed to help chief procurement officers (CPOs) understand and prioritize the most significant risks that could impede procurement operations, and what actions can be taken to manage them effectively.

Keep ReadingShow less

Featured

Logistics services continue to “go green”

Logistics services continue to “go green”

The market for environmentally friendly logistics services is expected to grow by nearly 8% between now and 2033, reaching a value of $2.8 billion, according to research from Custom Market Insights (CMI), released earlier this year.

The “green logistics services market” encompasses environmentally sustainable logistics practices aimed at reducing carbon emissions, minimizing waste, and improving energy efficiency throughout the supply chain, according to CMI. The market involves the use of eco-friendly transportation methods—such as electric and hybrid vehicles—as well as renewable energy-powered warehouses, and advanced technologies such as the Internet of Things (IoT) and artificial intelligence (AI) for optimizing logistics operations.

Keep ReadingShow less
An audience views a presentation given by man in a sport coat against a backdrop that says "Becoming a Real-Time Busines."

Peter Weill of MIT tells the audience at the IFS Unleashed user conference about the benefits of being a "real-time business."

Ben Ames

Real-time data flows can provide competitive advantage

Companies that integrate real-time data flows into their operations consistently outperform their competitors, said Peter Weill, the chairman of MIT’s Center for Information Systems Research (CISR), in a session Wednesday at a conference held by IFS, the Swedish enterprise resource planning (ERP) and artificial intelligence (AI) firm.

These "real-time businesses," according to Weill, use trusted, real-time data to enable people and systems to make real-time decisions. By adopting that strategy, these companies gain three major capabilities:

Keep ReadingShow less
exxonmobile oil field with pumps in texas

Kinaxis and ExxonMobil will design supply chain planning tools

Supply chain orchestration software provider Kinaxis today announced a co-development deal with ExxonMobil to create supply chain technology solutions designed specifically for the energy sector.

ExxonMobil is uniquely placed to understand the biggest opportunities in improving energy supply chains, from more accurate sales and operations planning, increased agility in field operations, effective management of enormous transportation networks and adapting quickly to complex regulatory environments,” John Sicard, Kinaxis CEO, said in a release.

Keep ReadingShow less
hurricane milton rainfall forecast map florida

Supply chain networks prep for delays as Milton storms in

Hurricane Milton was just beginning to unleash its slashing wind and pouring rain on Florida’s western coast on Wednesday, but the supply chain disruptions caused by the enormous storm have already been unfolding for days.

For example, millions of residents and workers in the Tampa region have now left their homes and jobs, heeding increasingly dire evacuation warnings from state officials. They’re fleeing the estimated 10 to 20 feet of storm surge that is forecast to swamp the area, due to Hurricane Milton’s status as the strongest hurricane in the Gulf since Rita in 2005, the fifth-strongest Atlantic hurricane based on pressure, and the sixth-strongest Atlantic hurricane based on its peak winds, according to market data provider Industrial Info Resources.

Keep ReadingShow less