CJ Logistics Partners with World's 7th Largest Shipping Company, ONE

Network AssociationBehind the WheelTrade & Border IssuesHot Spots
Written By Jennifer Joslyn

🚢 CJ Logistics Partners with World's 7th Largest Shipping Company, ONE.

CJ Logistics, South Korea's largest parcel delivery service, has entered into a strategic partnership with Japan's Ocean Network Express (ONE), a global container shipping company. As part of the deal, ONE will offer competitive rates and freight space for CJ Logistics' container cargo moving from Asian countries such as South Korea, China, and Japan. ONE, formed through a merger of Japan's major container shipping units, is the world's 7th largest container shipping company in terms of cargo capacity and is a member of the global marine transportation group THE Alliance. This partnership follows CJ Logistics' previous agreement with Taiwan's Evergreen Marine Corp., making it connected to two major shipping alliances, providing the company with a wider range of options in global container shipping and transportation.

Read more from KED Global ▶

Featured
EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition
EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition

The European Commission gave the green light to CMA CGM's acquisition of Bolloré Logistics SE, with conditions, following an investigation into potential competition issues.

GXO Challenges CMA CGM in Logistics Acquisition Battle
GXO Challenges CMA CGM in Logistics Acquisition Battle

Shares of UK logistics company Wincanton surged as a bidding war unfolded, sparked by a 26% higher offer from US rival GXO.

Yellow Corp. Asset Acquisition Bid Rekindled
Yellow Corp. Asset Acquisition Bid Rekindled

A bid to acquire the remaining assets of bankrupt Yellow Corp. might be back on track, as a ballot sent to local union heads suggests.

Ryder System Expands Dedicated Transportation with Cardinal Logistics Acquisition
Ryder System Expands Dedicated Transportation with Cardinal Logistics Acquisition

Ryder System is expanding its dedicated transportation services through the acquisition of Cardinal Logistics, previously owned by H.I.G. Capital.

Warren Buffets Company Completes Acquisition of Pilot Travel Centers
Warren Buffets Company Completes Acquisition of Pilot Travel Centers

Warren Buffett's Berkshire Hathaway has completed its acquisition of the final 20% stake in Pilot Travel Centers, a major truck-stop operator.

Federal Judge Blocks JetBlue's Acquisition of Spirit Airlines
Federal Judge Blocks JetBlue's Acquisition of Spirit Airlines

A federal judge has put the brakes on JetBlue Airways' acquisition of Spirit Airlines, a deal valued at $3.8 billion, stating that it would negatively impact price-sensitive consumers by removing the discount carrier from the market.

Forward Air Sells Final-Mile Business to Hub Group for $262 Million
Forward Air Sells Final-Mile Business to Hub Group for $262 Million

Forward Air has sold its final-mile business, Forward Air Final Mile (FAFM), to Hub Group for $262 million.

Chevron's Stock Decline Shrinks Value of Hess Acquisition Offer by $6.5 Billion
Chevron's Stock Decline Shrinks Value of Hess Acquisition Offer by $6.5 Billion

Chevron's stock decline following an earnings miss has reduced the value of its all-stock acquisition offer for Hess Corp. by approximately $6.5 billion.

Chevron and Exxon Bet Big on Oil and Gas With Multi-Billion-Dollar Acquisitions
Chevron and Exxon Bet Big on Oil and Gas With Multi-Billion-Dollar Acquisitions

Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.

Ryder's Acquisition of Impact Fulfillment Services Strengthens Supply Chain Capabilities
Ryder's Acquisition of Impact Fulfillment Services Strengthens Supply Chain Capabilities

Ryder System Inc. is set to acquire Impact Fulfillment Services Holdings LLC (IFS), a company specializing in contract packaging, manufacturing, and warehousing services with a presence in 15 states.

Overstock's Bed Bath & Beyond Rebrand Attracts New Suppliers
Overstock's Bed Bath & Beyond Rebrand Attracts New Suppliers

Overstock's acquisition of Bed Bath & Beyond's intellectual property in a bankruptcy auction for over $20 million in June has proven to be a boon for the company.

CJ Logistics Partners with World's 7th Largest Shipping Company, ONE
CJ Logistics Partners with World's 7th Largest Shipping Company, ONE

CJ Logistics, South Korea's largest parcel delivery service, has entered into a strategic partnership with Japan's Ocean Network Express (ONE), a global container shipping company.

Schneider, the Green Bay Trucking Giant, Expands with the Acquisition of a Massachusetts-Based Dedicated Hauler
Schneider, the Green Bay Trucking Giant, Expands with the Acquisition of a Massachusetts-Based Dedicated Hauler

Green Bay's trucking giant, Schneider National Inc., has acquired Massachusetts-based M&M Transport Services LLC in a move to expand its dedicated division.

Biden Administration's New Merger Guidelines Criticized as a 'War on Business’
Biden Administration's New Merger Guidelines Criticized as a 'War on Business’

Former Treasury Secretary Larry Summers criticized the US government's new rules on mergers and acquisitions, calling it a "war on business."

Redwood acquires Rockfarm Supply Chain Solutions
Redwood acquires Rockfarm Supply Chain Solutions

Redwood Logistics has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics, expanding its geographic reach and customer base.

Navigating Sensitive Topics: Truckers and Mergers & Acquisitions
Navigating Sensitive Topics: Truckers and Mergers & Acquisitions

A journalist in San Antonio reflects on the rare opportunity to befriend and gain insight from industry professionals while organizing a panel program for the Truckload Carriers Association Safety & Security Meeting.

Jennifer Joslyn
Previous

Massachusetts Truck Driver Wins $1 Million Just Days After Announcing Retirement
Next

Brookings Institute Raises Concerns Over US Military's Logistics Gap Compared to China