The Business Times - Transport & Logistics

[BEIJING] Chinese ride-hailing giant Didi Global reported on Thursday (Aug 28) a second-quarter net loss of US$350 million, driven by a one-off charge, even as revenue rose 10.9 per cent, …

[HONG KONG] Global logistics builder and investor GLP has secured up to US$1.5 billion of investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (Adia) to back its …

[STOCKHOLM] Europe’s new-car market rose the most in 15 months in July, as consumers shrugged off concerns over the global economy to splash out on fully electric and hybrid models. …

[Hong Kong] Chery Automobile is planning a Hong Kong initial public offering (IPO) that may raise about US$1.5 billion as early as next month, according to sources familiar with the …

[BANGKOK] Thai Airways International may delay its flight and route expansion plans because the nation’s flag carrier has been unable to acquire enough additional passenger jets. The airline is scrambling …

AUSTRALIAN carrier Qantas Airways on Thursday posted its second-best annual underlying earnings and announced the highest full-year dividend payout in 17 years, as profits are bolstered by strong travel demand …

[HONG KONG] China’s campaign to stamp out a ferocious electric vehicle (EV) price war seems to be having a limited effect, with all of the nation’s top 20 auto brands …

AUSTRALIAN carrier Qantas Airways posted a better-than-expected annual underlying profit on Thursday, driven by robust travel demand across its domestic and international routes, which it expects to continue into the …

[WELLINGTON] Air New Zealand posted a 15 per cent drop in full-year earnings as engine maintenance issues hurt revenue, and indicated there is no immediate relief in sight. Pretax profit …

AUSTRALIAN carrier Qantas Airways reported a 15 per cent rise in full-year underlying profit on Thursday, driven by robust travel demand across its budget and full-service operations. The airline’s underlying …

[SHANGHAI] China’s leading food delivery group Meituan, reported on Wednesday (Aug 27) a fall of 89 per cent in second-quarter adjusted net profit as it looks to stave off rising …

[SINGAPORE] Automotive group Tan Chong International posted a net profit of HK$11.7 million (S$1.9 million) for the first half ended Jun 30, reversing a net loss of HK$35.9 million from …

[GENEVA] At least 25 countries have decided to suspend package deliveries to the United States, as concern grows over the impact of US President Donald Trump’s looming tariffs, a UN …

[TOKYO] The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan’s Nissan Motor for US$324.65 million, a source with direct knowledge of the matter said on …

[SINGAPORE] Logistics company GLP said on Tuesday (Aug 26) it had secured an investment of 2.5 billion yuan (S$449 million) from Zhejiang government-backed investors to expand its China data centre …

[HANSALPUR, India] Japan’s Suzuki Motor will invest US$8 billion in India over the next five to six years, the automaker’s CEO said on Tuesday (Aug 26), to increase production, launch …

[SEOUL] South Korean President Lee Jae-myung is leaning on promises to “Make America Shipbuilding Great Again” during his first official US trip, as the two allies wrangle over other details …

[CHONBURI] Just over a year after Chinese auto giant BYD invested nearly half a billion dollars in a new plant in Thailand’s Rayong province, the company has shipped its first …

[SEOUL] Hyundai Motor Group will increase its investment in the US to US$26 billion to 2028, as it seeks to expand autos, steel and robotics production, underscoring the South Korean …

[WASHINGTON] Korean Air announced an order on Monday for 103 Boeing airplanes coinciding with the visit of South Korean President Lee Jae Myung to Washington, sources told Reuters. The order, …

[SINGAPORE] Marine logistics provider Marco Polo Marine’s (MPM) indirect subsidiary, PKR Offshore (PKRO), is planning a listing in Taiwan. PKRO will submit its listing application by the third quarter of …

[BANGKOK] Car production in Thailand fell for the first time in three months in July as tariff uncertainty hurt export demand, while sales extended recent gains, helped by strong growth …

[SINGAPORE] Singapore Airlines (SIA) on Monday (Aug 25) announced a hike in its KrisFlyer redemption and upgrade rates across most route and cabin classes – the first adjustment since 2022. …

[SINGAPORE] Singapore Airlines (SIA) on Monday (Aug 25) announced a hike in its KrisFlyer redemption rates across most route and cabin classes – the first adjustment since 2022. It follows …

[HONG KONG]Shares of Chinese state-owned automaker Dongfeng Motor Group surged 69.2 per cent as they resumed trade on Monday (Aug 25), after the company’s parent said on Friday that it …

[SINGAPORE] Singapore Airlines (SIA) on Monday (Aug 25) announced a hike in its KrisFlyer redemption rates across most route and cabin classes – the first adjustment since 2022. It follows …

[BEIJING] The name BYD is mainly associated with mass market electric vehicles. A manufacturing behemoth that churns out more electric cars than anyone else on the planet, it’s a brand …

[JAKARTA] Vietnam’s richest man Pham Nhat Vuong is looking to disrupt ride-hailing sectors across South-east Asia as his taxi company Green & Smart Mobility, or GSM, battles Grab Holdings to …

[BENGALURU] Alphabet’s robotaxi unit Waymo has received its first permit to begin testing its autonomous vehicles in New York City with a trained specialist behind the wheel, helping the company …

[LOS ANGELES] Boeing and union leaders representing striking workers at its St Louis-area defence factories will return to the bargaining table on Monday (Aug 25), as they aim to end …

[NEW YORK] Dongfeng Motor Group plans to withdraw its Hong Kong shares in a new twist on a long-awaited restructuring, part of a transaction that will result in a new …

[SINGAPORE] Shares of electric vehicle (EV) manufacturer Nio rose by more than 9 per cent in early trade on Friday (Aug 22) on the back of its unveiling of a …

[BEIJING] Tesla plans to introduce in-car voice assistant functions powered by Deepseek and Bytedance’s Doubao artificial intelligence as it aims to catch local rivals who offer similar features. The technology …

TESLA has raised the price of its fastest variant of Cybertruck by US$15,000, according to pricing information on the automaker’s website. The price of the Cyberbeast has been raised to …

[SINGAPORE] Asian aircraft leasing giant BOC Aviation posted a 26 per cent drop in net profit for the first half of 2025, though the number was positive when excluding last …

[SINGAPORE] Shares of electric vehicle (EV) manufacturer Nio rose by more than 9 per cent in early trade on Friday (Aug 22) on the back of its unveiling of a …

[SINGAPORE] Changi Travel Services (CTS) is laying off 30 staff as part of an ongoing restructuring process to tackle changing market conditions, it said on Thursday (Aug 21). Affected staff …

[BEIJING] Boeing is heading closer towards finalising a deal with China to sell as many as 500 aircraft, according to people familiar with the matter, a transaction that would end …

[WASHINGTON] For the past three years, Elon Musk has steadily elbowed his way into the booming market for in-flight Wi-Fi, with his Starlink service signing up blue-chip carriers from Air …

[SINGAPORE] Prices on ride-hailing giant Grab jumped about a hundred times from the usual rates, with short trips within Singapore costing S$1,000 or more, Bloomberg reported on Wednesday (Aug 20). …

[HONG KONG] China’s biggest airlines have started dividing up a 500-plane mega-order for Airbus jets from a deal that Beijing is still looking for an opportune time to announce, months …

[SINGAPORE] Prices on ride-hailing giant Grab jumped about a hundred times from the usual rates, with short trips within Singapore costing S$1,000 or more, Bloomberg reported on Wednesday (Aug 20). …

[JOHANNESBURG] India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence, launching three ranges of SUVs and an entry-level compact hatchback to take on Chinese competitors. …

[SINGAPORE] Singapore ride-hailing users got a rude shock on Wednesday (Aug 20) after prices on the most popular app jumped about a hundred times from the usual rates, with short …

[HONG KONG] Xiaomi intends to sell its first electric vehicle (EV) in Europe by 2027, declaring plans to take on Tesla and BYD globally after gaining traction with its year-old …

[WASHINGTON] The US Commerce Department said on Tuesday (Aug 19) that it is hiking steel and aluminium tariffs on more than 400 products, including wind turbines, mobile cranes, appliances, bulldozers …

[SINGAPORE] The authorities are calling for proposals to sketch out the concept for the new Changi East Urban District next to Changi Airport Terminal 5 (T5), in the first step …

[TORONTO] The union representing Air Canada flight attendants said on Tuesday (Aug 19) it had ended a strike over wages and unpaid ground work after reaching a “tentative agreement” with …

[HONG KONG] Xiaomi’s quarterly revenue rose a slightly better-than-anticipated 31 per cent after the successful launch of its second electric vehicle helped counter slowing demand for smartphones. Revenue climbed to …

[HONG KONG] Investors anxiously await an earnings report from Xiaomi, following a rally that has driven its market value up US$120 billion in the past year on excitement over its …