Tycoon Enrique Razon Jr.-led International Container Terminal Services Inc. has secured approval for its Mexican terminal to receive some of the world’s largest container ships, strengthening the Port of Manzanillo’s role in trans-Pacific trade.
SM Warehouses, a unit of SM Prime Holdings Inc., has expanded the logistics space it provides to Shopee partners SPX Express (SPX) and Scommerce Philippines Inc. with the turnover of a new 40,000-square-meter facility in Pasig City.
Davao-based tycoon Dennis A. Uy’s Chelsea Logistics and Infrastructure Holdings Corp. grew first-half revenue by 12 percent to P5.22 billion, but net income plunged 97 percent to P6.9 million as financing costs surged.
Watsons Philippines is tying its push for lower-emission logistics to a broader inclusion agenda, using the transition to electric delivery vehicles to create opportunities for women in a traditionally male-dominated segment of the workforce.
Tycoon Enrique Razon Jr.-backed International Container Terminal Services Inc. (ICTSI) grew first-half recurring net income by 25 percent despite challenging global conditions.
International Container Terminal Services Inc. (ICTSI) has marked another milestone in its global port network after its Poland terminal handled the largest container ship ever to call at the Port of Gdynia.
Global logistics provider Rhenus is strengthening its presence in the Philippines by providing sustainable warehousing services to Bosch Philippines while expanding its local logistics network through new facilities in Metro Manila.
The companies announced on July 7 that A.P. Moller Capital – Emerging Markets Infrastructure Fund II, through EMIF II Holding III B.V., has completed its investment for a 40-percent stake in AC Logistics after satisfying all closing conditions, including merger control clearances.
FAST Logistics Group is expanding its transport capacity as businesses demand faster and more reliable movement of goods nationwide, reinforcing the growing importance of logistics infrastructure in supporting supply chains across multiple industries.