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Hong Kong's Hacis launches Vietnam road operation to expand reach

Hong Kong Air Cargo Industry Services Limited (Hacis) has launched a road operation to Vietnam to expand the catchment area of its Hong Kong operation. The Hactl-owned logistics firm said the expansion of its SuperLink China Direct will bring additional cargo flows to Hong Kong International Airport and offer Vietnamese enterprises and overseas shippers a more "convenient and cost‑effective logistics and air-road intermodal solution". The scheduled road feeder operation is customs bonded and has been connecting the Chinese mainland to Hong Kong International Airport for several years. The company said that a successful trial of the service has already been completed, with Hacis partnering with Vietnamese logistics company U&I Logistics Corporation to deliver a pilot shipment. The import shipment was transported from Vietnam by truck to Wuzhou, before being carried onward to Hong Kong via Hacis' Customs-bonded road feeder services. Hacis said that the new service is expected to generate additional import and export cargo flows through Hong Kong, supporting cargo growth at HKIA and creating new opportunities for freight forwarders and logistics service providers, while offering Vietnamese businesses and overseas shippers greater flexibility and a wider range of routing options. Ringo Chan, executive director of Hacis, said: "With the support of the Customs in Hong Kong and the Chinese Mainland, SuperLink China Direct has become a trusted cross-boundary logistics solution connecting Hong Kong with the Chinese Mainland. The extension to Vietnam marks the first expansion of this proven intermodal network beyond the Chinese Mainland, with the potential to extend further into other parts of Asia in future, further strengthening Hong Kong's regional connectivity. "By linking Vietnam with Hong Kong's extensive global air cargo network, the new service provides customers with more routing options and greater flexibility, while generating additional cargo flows through Hong Kong and creating new opportunities for the logistics industry." Nguyen Xuan Phuc, chief executive of U&I Logistics Corporation, added: "We are delighted with our collaboration with Hacis, which opens a brand‑new logistics route for Vietnamese enterprises beyond traditional sea and air transport, enabling cargo to move by land through the Chinese Mainland and Hong Kong and further connecting to international markets. "It not only enhances the flexibility and reliability of cross‑border transportation but also provides businesses with diversified options." The service also uses Hong Kong's Single E-lock Scheme - a customs clearance programme launched by the Hong Kong Customs and Excise Department (C&ED) alongside Mainland China Customs to streamline cross-boundary cargo transhipment utilising electronic vehicle locks and GPS tracking technology.

Source: aircargonews.net

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Want to sell your freight forwarder? Start five years before you want to leave

This succession series began with a simple observation: plenty of European logistics entrepreneurs are getting older, while rather fewer sons and daughters seem interested in taking over the family forwarder. The second column looked at who might buy these businesses. The third ventured into the more delicate territory of what they might actually be worth. A few owners have since asked the logical next question. Fine. I am 63 or 65, the children aren't interested and, after 35 years ...

Source: theloadstar.com

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Smaller, simpler FedEx closes UPS gap - it gets harder now

The divide: FedEx has reshaped itself through a freight spin-off, a unified delivery network and a hard pivot towards yield over lower-quality volume. The latest targets from JP Morgan and HSBC are $60 apart, but their analyses still differ on how much of the transformation has become durable earnings power and how much remains to be proven. Look at FedEx shares, how they have performed against UPS, DHL, the S&P 500 and the Dow Jones Transportation Average over the past ...

Source: theloadstar.com

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