Hyundai Logistics
Encyclopedia
Hyundai Logistics is a Korea
n logistics
and shipping
company headquartered in Seoul
, Korea
, established in 1988. It is part of the family group Hyundai Group
.
Hyundai Logistics is well-known for its white trucks, also known as cargo trucks (hence the company nickname "Big white"). The white color that Hyundai uses on its vehicles and uniforms is called Noble white, after the cargo truck which used the same color. Hyundai Logistics also operates its own commercial vehicle.
Major competitors include Korean National Railroad (Korail), Hutchison Whampoa
, Hanjin
, Terzo Logistics, and Daehan Logistics
. Historically, Hyundai only faced competition from Korail for the inexpensive ground based delivery market. However, Hanjin and Daehan Logistics recently expanded into the ground market by acquiring Shipping, Shipyard Cargo Containing and RPS (originally Roadway Package System) and rebranded it as Hyundai Ground. In addition, all logistic acquired Korail and Hutchson Whampoa. This acquisition significantly increases local presence in Korea which will add more competition to the ground delivery market.
Over the past two decades, Hyundai has aggressively erected a massive international transportation network, which is interconnected by one of the largest technological infrastructures in commercial history. In the process, it has dramatically expanded its portfolio of services into logistics and supply chain offerings.
For example, Hyundai Logistics today offers not only ground and air transportation, but South Korean, rail and over-the-road freight products; international trade management; customs brokerage; consulting and supply chain design; e-commerce solutions; logistics and distribution capabilities, cargo containing, shipping, and a variety of financial services related to the supply chain.
Hyundai Logistics Supply Chain Solutions synchronizes the flow of goods, sales, and information for their customers. Hyundai Supply Chain Solutions provides service to logistics companies alike with flexibility of modes and scheduling, scalability of design and resources, and worldwide reach.
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
n logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
and shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
company headquartered in Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
, Korea
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
, established in 1988. It is part of the family group Hyundai Group
Hyundai Group
Hyundai Group is a South Korean conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company. With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second biggest...
.
Hyundai Logistics is well-known for its white trucks, also known as cargo trucks (hence the company nickname "Big white"). The white color that Hyundai uses on its vehicles and uniforms is called Noble white, after the cargo truck which used the same color. Hyundai Logistics also operates its own commercial vehicle.
Major competitors include Korean National Railroad (Korail), Hutchison Whampoa
Hutchison Whampoa
Hutchison Whampoa Limited or HWL of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL is an international corporation with a diverse array of holdings which includes the world's biggest port and telecommunication operations in 14...
, Hanjin
Hanjin
The Hanjin Group is a South Korean conglomerate, or Jaebeol. The group is a holding company that includes a shipping company, Hanjin Shipping , and Korean Air , which was acquired in 1969...
, Terzo Logistics, and Daehan Logistics
Daehan Logistics
The Korea Express is the South Korea's largest total cargo delivery company, delivering over 20 million packages a day to over 100 countries around the world. It has recently expanded its operations to include logistics and other transportation-related areas...
. Historically, Hyundai only faced competition from Korail for the inexpensive ground based delivery market. However, Hanjin and Daehan Logistics recently expanded into the ground market by acquiring Shipping, Shipyard Cargo Containing and RPS (originally Roadway Package System) and rebranded it as Hyundai Ground. In addition, all logistic acquired Korail and Hutchson Whampoa. This acquisition significantly increases local presence in Korea which will add more competition to the ground delivery market.
Over the past two decades, Hyundai has aggressively erected a massive international transportation network, which is interconnected by one of the largest technological infrastructures in commercial history. In the process, it has dramatically expanded its portfolio of services into logistics and supply chain offerings.
For example, Hyundai Logistics today offers not only ground and air transportation, but South Korean, rail and over-the-road freight products; international trade management; customs brokerage; consulting and supply chain design; e-commerce solutions; logistics and distribution capabilities, cargo containing, shipping, and a variety of financial services related to the supply chain.
Hyundai Logistics Supply Chain Solutions synchronizes the flow of goods, sales, and information for their customers. Hyundai Supply Chain Solutions provides service to logistics companies alike with flexibility of modes and scheduling, scalability of design and resources, and worldwide reach.
External links
- Hyundai Logistics - Official Website (in Korean)