Yusen Logistics-Australia acquires Hitech Asia Pacific to enhance supply chain offering
Supply chain and global freight forwarder Yusen Logistics has announced that it has acquired Hitech Asia Pacific – an end-to-end specialist covering process management of sensitive freight.
Hitech currently employs 110 staff at eight locations across Australia and New Zealand. Following the acquisition, the business will become a division of Yusen Australia; increasing Yusen’s total revenue to over $150 million and its number of employees to almost 560.
Yusen will have access to Hitech’s blue chip customers such as Canon, Siemens, GE, Philips and Device Technologies along with additional services such as the installation and calibration of medical and business machinery.
Yusen Logistics Managing Director Ian Pemberton said: “We are very excited about the opportunities Hitech will bring Yusen and the additional services we will be able to offer to our customers. Hitech’s skills in sensitive freight are highly complementary to Yusen’s international capabilities. We will be positioned to deliver top quality logistical and transport services with a fully integrated service combining every aspect of the supply chain.”
Hitech CEO Tom Devjak said: “We are delighted to be joining Yusen Logistics. Hitech will benefit from access to Yusen’s extensive global network including prime airport locations and international freight forwarding capabilities, we will now be able to offer customers seamless global transportation services.”
Pemberton added: “Historically, as much as 80 percent of our business was Japanese centric. In recent years, our growth strategy has been to expand our customer base to include Europe and the US, the acquisition of Hitech will allow us to further develop trade with these countries and also open opportunities with the Chinese and Korean markets.”
Kuehne+Nagel cuts carbon footprint by 70% for Honda China
Around 16,000 tonnes of CO2 has been cut from supply chain of Honda's China-based manufacturing division through a road-to-rail transformation in partnership with logistics leader Kuehne+Nagel.
The programme was developed through KN Sincero, the joint venture between Swiss headquartered Kuehne+Nagel and Chinese automotive logistics firm Sincero, established in 2018.
KN Sincero worked with Honda China to develop an integrated solution to convert much of its domestic long-haul trucking to train lines, using regional hubs to improve supply chain performance and further reduce carbon emissions. The programme delivered consolidations as well as value-added services, including sorting, scanning, repackaging, GPS track and trace, and recyclable container management.
"Kuehne+Nagel has always been a supply chain partner that we can rely on, to help us improve our supply chain performance whilst also achieving our environmental goals,” said Mr. Jiang Hui and Mr. Takuji Kitamura, Joint General Manager of Wuhan Dong Hon, the logistics affiliate of Dongfong Honda Automotive.
After six months of shifting to the road-to-rail model, new supply chain reliability and efficiencies are expected too trip 16,000 tonnes of carbon emissions annually. The carbon savings represent an enormous 70% reduction in total.
"Automotive is one of the most important sectors in contract logistics, particularly in China, the world’s largest automotive market,” added Gianfranco Sgro, member of the Management Board of Kuehne + Nagel International AG, responsible for Contract Logistics. “I am glad that Kuehne+Nagel and Honda share a common vision of service, innovation and sustainability.”
Kuehne+Nagel’s Net Zero Carbon programme
Kuehne+Nagel announced its Net Zero Carbon programme in 2019 with a dual purpose to reduce CO2 output in its own logistics operations, as well as partnering with organisations to minimise their own impact on the planet. Kuehne+Nagel reached carbon neutrality globally in 2020 throughout its own, direct emissions, and is now focused on developing its capabilities to serve partners.
Dr. Detlef Trefzger, Chief Executive Officer of Kuehne+Nagel International AG, said the programme is “a package of measures to fight CO2 emissions and provide sustainable and innovative supply chain solutions – hand in hand with our suppliers and customers”.
As part of the initiative, Kuehne+Nagel established its own nature projects in Myanmar and New Zealand, and invested in ‘nature-based’ carbon dioxide compensation projects to strip harmful emissions from the environment. It is committed to being CO2 neutral for shipments in its network of transport suppliers by 2030.