4 shipping lines deployed to Iloilo-Guimaras route
The Maritime Industry Authority (MARINA) has directed four shipping companies to serve the Iloilo-Guimaras route to accommodate current passenger traffic while it investigates the…
Davao City—The 2Go Group, Inc. formally launched on Oct 28 its service reconnecting Manila and Davao. The reopening of the Davao-General Santos-Iloilo-Manila and vice…
PCC oks Chelsea acquisition of KGLI, but voids Trans-Asia takeover
The Philippine Competition Commission (PCC) has cleared Chelsea Logistics Holdings Corp’s (CLHC) acquisition of KGLI-NM Holdings, Inc., which controls the 2Go Group, Inc., but…
Despite higher revenue, Philippine logistics conglomerate 2GO Group Inc. reported a net loss of P310 million in 2017 due to one-off charges, swinging from…
Competition commission deepens review of Udenna’s entry in 2GO
The Philippine Competition Commission (PCC) Mergers and Acquisitions Office (MAO) has moved on to a second phase review of Udenna Corporation’s acquisition of shares…
2GO carves 8% income hike on 82% jump in e-commerce sales
Integrated transport services provider 2GO Group, Inc. posted an 8% increase in first quarter 2017 net income to P267.6 million from P290.9 million year-on-year…
In logistics, consolidation is the process in which smaller packages with a common destination are combined and shipped together to avail of better rates.…
Higher revenues all around expand 2GO’s 2016 profit by 24%
Philippine integrated transport services provider 2GO Group, Inc. reported a 24% increase in net income to P1.34 billion in 2016 from P1.08 billion in…
Holding company SM Investments Corporation (SMIC) paid US$124.5 million to acquire a 34.5% stake in 2GO Group, Inc. through the latter’s majority shareholder and…
