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.

The Latest

More Stories

port of oakland port improvement plans

Port of Oakland to modernize wharves with $50 million grant

The Port of Oakland has been awarded $50 million from the U.S. Department of Transportation’s Maritime Administration (MARAD) to modernize wharves and terminal infrastructure at its Outer Harbor facility, the port said today.

Those upgrades would enable the Outer Harbor to accommodate Ultra Large Container Vessels (ULCVs), which are now a regular part of the shipping fleet calling on West Coast ports. Each of these ships has a handling capacity of up to 24,000 TEUs (20-foot containers) but are currently restricted at portions of Oakland’s Outer Harbor by aging wharves which were originally designed for smaller ships.

Keep ReadingShow less

Featured

screen shot of onerail tech

OneRail raises $42 million backing for fulfillment orchestration tech

The Florida logistics technology startup OneRail has raised $42 million in venture backing to lift the fulfillment software company its next level of growth, the company said today.

The “series C” round was led by Los Angeles-based Aliment Capital, with additional participation from new investors eGateway Capital and Florida Opportunity Fund, as well as current investors Arsenal Growth Equity, Piva Capital, Bullpen Capital, Las Olas Venture Capital, Chicago Ventures, Gaingels and Mana Ventures. According to OneRail, the funding comes amidst a challenging funding environment where venture capital funding in the logistics sector has seen a 90% decline over the past two years.

Keep ReadingShow less
screen display of GPS fleet tracking

Commercial fleets drawn to GPS fleet tracking, in-cab video

Commercial fleet operators are steadily increasing their use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures, according to an industry report from Verizon Connect.

Those conclusions come from the company’s fifth annual “Fleet Technology Trends Report,” conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals.

Keep ReadingShow less
forklifts working in a warehouse

Averitt tracks three hurdles for international trade in 2025

Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.

Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less