Browsing Tag
logistics
4 posts
Logistics startup Sendy appoints Peter Kahi of PKF Consulting as administrator
Sendy is now under administration to save its business. If this doesn’t work, the company may be forced to liquidate its assets. Yesterday, TechCabal exclusively reported that logistics firm Sendy was going into administration; at that time, it was unclear which company had been appointed as the administrator. But a document seen by this publication
September 27, 2023
Move Logistics expects earnings to improve on 2021
Navigation for News Categories Move said resetting its freight business was progressing with improvements in service delivery already achieved. Photo: 123RF Transport and logistics company Move Logistics is expecting operating earnings to improve on last year's result. The company reported operating earnings of $54.3 million for the year ended June 2022. It did not provide
October 19, 2022
Kenyan logistics startup Sendy lays off 10% of its staff
Sendy, a Kenyan logistics company, laid off 10% of its workforce last month, according to a statement the company shared with TechCabal. The company’s spokesperson told TechCabal that 10% of the company’s 300 staff members were relieved of their duties. The company’s co-founder and CEO Mesh Alloys said in the statement that this move is…
August 2, 2022
State-backed logistics service provider CSMT secures $120 million in series D
Chinese supply chain service CMST Smart Logistics has raised RMB 761 million ($120 million) in its Series D, Chinese media outlet 36Kr reported. State-backed China Materials Storage & Transportation Group (CMST), which is the controlling shareholder of the company, invested RMB 130 million, while the majority of the remaining RMB 631 million came from five…
March 3, 2022