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Acquisition of Noatum Propels AD Ports Group to Become a Global Logistics Platform
AED 2.5 Billion Strategic Investment also Offers Exposure to Maritime Activities in the Mediterranean Region and Port Facilities in Spain...

Raymond STERN
Nov 17, 2022


Global freight rates down 30% YoY; steel, auto, and pharma to benefit
However, average container prices are still 2-3 times higher compared to pre-pandemic levels. International freight rates have declined...

Raymond STERN
Nov 16, 2022


GoFreight raises $23M to become the “Shopify of freight forwarding”
Unicorn Flexport is revolutionizing the world of logistics, serving as a freight forwarder with software that enables customers to manage...

Raymond STERN
Nov 13, 2022


C.H. Robinson cuts jobs as logistics markets cool
Logistics company C.H. Robinson Worldwide Inc. (NYSE: CHRW) has laid off about 650 workers in the past week, signaling slower demand for...

Raymond STERN
Nov 10, 2022


UK freight association develops programme to attract recruits from other industry sectors
The British International Freight Association (BIFA) has launched a programme called ‘Freight Development Pathway’ in partnership with...

Raymond STERN
Nov 7, 2022


Amazon targets freight forwarding with Global Logistics offering
Amazon is looking to ramp up its freight forwarding business as the e-commerce giant continues to expand its supply chain offering....

Raymond STERN
Nov 1, 2022


Shipping rates are no longer plunging. Is ‘new normal’ near?
Drewry trans-Pacific indexes down just 3% this week, FBX indexes flattening Ocean shipping spot rate indexes are still falling. But after...

Raymond STERN
Oct 27, 2022


Broken cranes see China-Europe rail schedules hit the buffers, hard
The China-Europe rail freight network is suffering congestion and delays from two broken cranes on the Kazakhstan border with China....

Raymond STERN
Oct 13, 2022


Container shipping: Rates to drop below pre-COVID levels, report says
Container xChange’s monthly container logistics report highlighted the key trends driving the container shipping market’s volatility,...

Raymond STERN
Oct 13, 2022


Evergreen joins compatriot lines in renegotiating shipping contract rates
Evergreen has followed its fellow Taiwanese carriers, Yang Ming and Wan Hai, in beginning to renegotiate contract terms with shippers....

Raymond STERN
Oct 13, 2022


Dubai South Unveils Opening of DB Schenker’s Third Mega Logistics Facility
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has announced that DB Schenker...

Raymond STERN
Oct 12, 2022


Shipsy demonstrates the impact of AI, ML & automation on global supply chains
At GITEX GLOBAL 2022, Shipsy, a leading global SaaS-based smart logistics management platform, is showcasing how supply chain leaders...

Raymond STERN
Oct 10, 2022


Second strike at Liverpool to add to European port congestion, slow product delivery
Dockworkers in Liverpool are set to start a seven-day strike on October 11 as U.K. and European ports remain congested from dual prior...

Raymond STERN
Oct 9, 2022


AD Ports Group completes acquisition of Egypt’s Transmar and Transcargo International
The total purchase consideration for 70% shareholding amounts to $140mln. It is the first international acquisition realised by AD Ports...

Raymond STERN
Sep 13, 2022


Scan Global Logistics opens in Abu Dhabi, its second office in the UAE in less than a year
On 1 September, only seven months after opening its first wholly owned operation in Dubai in the United Arab Emirates (UAE), the global...

Raymond STERN
Sep 11, 2022


Sharjah's electric sky pods to transport shipping containers and boost UAE's green drive
A shipping container terminal is the latest addition to a Sharjah test centre that aims to take mass transport to the skies with an...

Raymond STERN
Aug 17, 2022


Logistics Giant DSV Targets U.S. in Renewed Acquisition Drive
CEO Jens Bjørn Andersen has built the freight forwarder into a global heavyweight, but says more consolidation is likely in the highly...

Raymond STERN
Aug 11, 2022


More than 2% of the global freight capacity is at a standstill in Europe’s North Sea
According to Germany’s Kiel Institute for the World Economy (IFW) expert, Vincent Stamer, more than 2% of the global freight capacity...

Raymond STERN
Jul 6, 2022


Expeditors International Shuts Down Computer Systems After Cyberattack
The logistics giant hasn’t said when it will fully restore operations. Seattle-based logistics giant Expeditors International of...

Raymond STERN
Feb 21, 2022


Maersk announces it is set to acquire Pilot Freight Services
Maersk officials said that the purchase price is $1.68 billion (USD), adding that the acquisition is subject to regulatory review and...

Raymond STERN
Feb 19, 2022
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