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

photos of grocery supply chain workers

ReposiTrak and Upshop link platforms to enable food traceability

ReposiTrak, a global food traceability network operator, will partner with Upshop, a provider of store operations technology for food retailers, to create an end-to-end grocery traceability solution that reaches from the supply chain to the retail store, the firms said today.

The partnership creates a data connection between suppliers and the retail store. It works by integrating Salt Lake City-based ReposiTrak’s network of thousands of suppliers and their traceability shipment data with Austin, Texas-based Upshop’s network of more than 450 retailers and their retail stores.

Keep ReadingShow less

Featured

minority woman with charts of business progress

Study: Inclusive procurement can fuel economic growth

Inclusive procurement practices can fuel economic growth and create jobs worldwide through increased partnerships with small and diverse suppliers, according to a study from the Illinois firm Supplier.io.

The firm’s “2024 Supplier Diversity Economic Impact Report” found that $168 billion spent directly with those suppliers generated a total economic impact of $303 billion. That analysis can help supplier diversity managers and chief procurement officers implement programs that grow diversity spend, improve supply chain competitiveness, and increase brand value, the firm said.

Keep ReadingShow less
Logistics industry growth slowed in December
Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
pie chart of business challenges in 2025

DHL: small businesses wary of uncertain times in 2025

As U.S. small and medium-sized enterprises (SMEs) face an uncertain business landscape in 2025, a substantial majority (67%) expect positive growth in the new year compared to 2024, according to a survey from DHL.

However, the survey also showed that businesses could face a rocky road to reach that goal, as they navigate a complex environment of regulatory/policy shifts and global market volatility. Both those issues were cited as top challenges by 36% of respondents, followed by staffing/talent retention (11%) and digital threats and cyber attacks (2%).

Keep ReadingShow less
cargo ships at port

Strike threat lingers at ports as January 15 deadline nears

Retailers and manufacturers across the country are keeping a watchful eye on negotiations starting tomorrow to draft a new contract for dockworkers at East coast and Gulf coast ports, as the clock ticks down to a potential strike beginning at midnight on January 15.

Representatives from the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) last spoke in October, when they agreed to end a three-day strike by striking a tentative deal on a wage hike for workers, and delayed debate over the thornier issue of port operators’ desire to add increased automation to port operations.

Keep ReadingShow less