Latest news with #LXPantos
Korea Herald
27-04-2025
- Business
- Korea Herald
LX Pantos training center designated as government-backed academy
Korean logistics company LX Pantos announced Sunday that its specialized training center for home appliance installers has been officially designated as an accredited academy operator by the Ministry of Employment and Labor, making it eligible for government support. The designation is part of a state-led initiative, operated by the Labor Ministry and the Human Resources Development Service of Korea, that provides government subsidies to training programs for employees of small and medium-sized enterprises partnered with large corporations to help enhance workforce capabilities. LX Pantos earned high marks across all evaluation criteria, including program content and infrastructure suitability, the company explained. Following the designation, it will officially launch new programs in May, offering them free of charge to anyone interested in pursuing a career in appliance installation. 'This initiative will help alleviate the staffing challenges faced by our SME partners,' said an official from LX Pantos. 'We aim to lead the way in building a cooperative training ecosystem that aligns with our ESG management values.' Since 2004, the company has operated a 660-square-meter training center at LG Digital Park in Pyeongtaek, Gyeonggi Province, under the name LX Pantos Last-mile Delivery/Installation Academy, training more than 7,000 installation technicians each year. The academy features sessions that replicate real-world home environments and offers 24 hands-on, customizable training programs focused on installing products such as TVs, washing machines and air conditioners.
Korea Herald
04-03-2025
- Business
- Korea Herald
LX Pantos eyes bigger footing in North American logistics market
Korean logistics company LX Pantos said Tuesday it is consolidating its presence in the North American logistics market by participating in the Transpacific Maritime Conference 2025, the world's largest container shipping and supply chains event, organized by Standard and Poor's Global. At this year's conference in California that began Sunday and concludes Wednesday, LX Pantos has set up an exhibition booth at the Long Beach Convention Center to engage in aggressive sales activities. The event features over 1,800 participating companies from across the industry. In addition to strengthening logistics networks, LX Pantos will also be presenting ideas focused on the container shipping outlook and potential volatile factors in the sector this year, exchanging diverse perspectives on the global shipping and logistics landscape. 'LX Pantos has been actively running a promotional booth and intensifying sales efforts since last year. We will leverage this opportunity further to strengthen our position in the American market and explore new business opportunities,' said LX Pantos CEO Lee Yong-ho at the conference. Meanwhile, LX Pantos recently established the US-based joint venture Boxlinks with Japanese shipping company Ocean Network Express, aiming for penetration into the US intermodal transportation sector. Through this partnership, LX Pantos will be able to get a strategic logistics foothold in the US.
Yahoo
06-02-2025
- Business
- Yahoo
ONE, LX Pantos in Boxlinks venture for US domestic intermodal
Liner operator Ocean Network Express (ONE) and South Korean forwarder LX Pantos announced a joint venture, Boxlinks, a new player offering end-to-end U.S. domestic intermodal transportation services. The joint venture will manage ONE's inland-to-coastal domestic transport needs through a Domestic Reposition Program (DRP). 'By leveraging empty containers for intermodal operations, Boxlinks aims to create new revenue streams while improving operational efficiency,' LX Pantos said in a release. 'This initiative is designed to optimize empty container repositioning and unlock additional value-added transportation opportunities, ensuring a mutually beneficial business model. 'As the world's largest consumer market, the U.S. heavily relies on imports for containerized cargo movement. A significant portion of containers transported inland from major ports — such as Los Angeles (West Coast), Savannah, and New York (East Coast) — often return empty due to limited export cargo.' Boxlinks has secured direct agreements with Union Pacific (NYSE: UNP), Norfolk Southern (NYSE: NSC) and BNSF, Pantos said, creating a rail network connecting key logistics hubs at competitive freight rates. Headquartered in Singapore, ONE is an ocean carrier alliance comprising Kawasaki Kisen Kaisha (K-Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK), all of Japan. LX Pantos is one of the world's largest sea forwarders, posting revenue of $47 billion in 2023. The companies said that since 2023 they have closely collaborated to develop a strategy for approaching the U.S. market. The companies quoted data from the Intermodal Association of North America valuing the U.S. intermodal market at $54 billion annually, with a projected compound annual growth rate of 10.9% through 2030. 'This strategic partnership will leverage the combined strengths of ONE and LX Pantos to provide end-to-end domestic intermodal transportation services, utilizing both companies' partnerships with major rail carriers and trucking companies to provide efficient and timely delivery of cargo in the United States,' ONE said in its release. Lee Yong-Ho, CEO of LX Pantos, said: 'This joint venture will serve as a strategic foothold for our penetration into the United States, the world's largest logistics market. We are committed to advancing our end-to-end logistics services by integrating international shipping with inland rail services, further strengthening our market position.' The railroads did not immediately return messages seeking further details. The trucking companies were not identified. 'Through Boxlinks, we are transforming how we deliver value in the United States. We will build a more resilient and agile inland network that will benefit our customers in the domestic market,' said Hiroki Tsujii, global chief officer — head of product and network at ONE, in the release. Find more articles by Stuart Chirls CGM sets peak surcharges for Northern Europe-US containers ILA sets wage review as longshore contract nears ratification vote What shippers should know about ocean carrier alliance changes in 2025 The post ONE, LX Pantos in Boxlinks venture for US domestic intermodal appeared first on FreightWaves. Sign in to access your portfolio
