KUALA LUMPUR: FGV Holdings Bhd is expanding its logistics sector’s revenue with newly added road tankers, curtain sider trailers and dumper trucks in July. FGV said on Friday it expected these assets to boost its logistics arm under FGV Transport Sdn Bhd, which also offers inland transport, multimodal transport, courier services and warehousing. FGV group…
Where will XPO shares go from here? XPO Logistics (NYSE:XPO) has taken investors on a wild ride in recent years. The company’s shares were up more than 2,000% for the decade heading into the fall of 2018, only to give back about half those gains in the months that followed. In late 2018 and early…
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The full-time openings span across business functions such as last-mile delivery, warehousing management, operations, information technology and data sciences.End-to-end logistics solutions provider Ecom Express on Wednesday announced it is planning to hire over 7,000 employees for full-time jobs across India in the next two months amid the Covid-19 pandemic.The full-time openings span across business functions…
Jakarta-based logistics startup Shipper announced today that it raised an undisclosed number of Series A funding led by South African Prosus Ventures—the former Naspers Ventures. Earlier media reports indicated an amount of USD 20 million, which the company didn’t want to confirm. The existing investors Lightspeed, Floodgate, Y Combinator, Insignia Ventures, and AC Ventures also…
Shiprocket, a New Delhi-based logistics aggregator that works with direct-to-consumer sellers including several social media influencers, has raised $13 million in a new financing round as it looks to expand its platform overseas. Silicon Valley-based investment firm Tribe Capital led Shiprocket’s Series C financing round. Innoven Capital and existing investor Bertelsmann India Investments also participated…
Material Bank, a logistics platform for the architectural and design industry, has announced the close of a $28 million Series B financing today, led by Bain Capital Ventures. Bain’s Merritt Hummer led the round on behalf of the firm and will join the board of directors at Material Bank, along with Jeff Sine, cofounder and…