Raymond STERN
Scan Global Logistics appoints former Maersk boss Nils Smedegaard Andersen
Fast-growing forwarder Scan Global Logistics (SGL) has appointed Nils Smedegaard Andersen as its first new board member and chairman of...
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OCEAN FREIGHT
Abdel Halim ESSABBAK
May 16, 2023
Etihad Rail, DHL Global Forwarding ink 20-year partnership
The agreement will see the establishment of a joint venture company that will enable DHL to use Etihad Rail’s network to conduct its main...
Abdel Halim ESSABBAK
May 14, 2023
Aramex and Abu Dhabi Ports set up joint venture focused on freight forwarding
Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to...
Raymond STERN
Feb 20, 2023
Supply-Chain Headaches Ease for Many Companies
Some retailers and manufacturers expect fewer disruptions and lower freight rates this year. Supply-chain snarls are fading from among...
Raymond STERN
Feb 12, 2023
There’s a new inflation warning for consumers coming from the supply chain
Warehouses and distribution centers are pushing rates higher, with U.S. storage prices up 1.4% month-over-month and nearly 11%...
Raymond STERN
Jan 8, 2023
C.H. Robinson Reaches Standstill Agreement With Activist Investor
The pact with Ancora Advisors comes as the freight broker is searching for a new CEO. Logistics heavyweight C.H. Robinson Worldwide Inc....
Raymond STERN
Dec 25, 2022
Relief for shippers as freight costs dip to near pre-pandemic levels
AFTER more than two years of exceptionally high freight rates in a tight capacity market, shippers are finally getting some relief. In...
Raymond STERN
Nov 25, 2022
Muscat – Asyad Group, Oman’s global integrated logistics service provider, signed a memorandum of un
Muscat – Asyad Group, Oman’s global integrated logistics service provider, signed a memorandum of understanding (MoU) with Tanzania Post...
Raymond STERN
Nov 24, 2022
Forwarders call for rules to prevent carrier dominance of global supply chains
Global regulation is needed to prevent supply chain domination by container lines, FIATA told the Logistics for Europe Forum in Brussels...
Raymond STERN
Nov 23, 2022
Maersk adds Khazaen Dry Port to its global network of port calls
The agreement enables Maersk to offer customers seamless access to global markets, as well as enhanced time-and cost-efficient land...
Raymond STERN
Nov 23, 2022
Dubai based Transworld Group enters the Tanker segment
In its latest diversification move with the acquisition of 2 LR tankers. Transworld Group Dubai joins the liquid bulk trade with two Long...
Raymond STERN
Nov 20, 2022
Bahri’s Chemicals and Logistics business units sign MoUs to strengthen cooperation with Luberef
Bahri business units to provide sustainable and efficient solutions to meet Luberef’s various logistics and transportation requirements...
Raymond STERN
Nov 18, 2022
DHL to open new office in Sohar Freezone
DHL, the leading international provider of air, ocean, and road freight services has announced the opening of a new office in Sohar...
Raymond STERN
Nov 17, 2022
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 16, 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 13, 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 10, 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 7, 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 1, 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
Oct 27, 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 13, 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 12, 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 10, 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 9, 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
Sep 13, 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 11, 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
Aug 17, 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 11, 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
Jul 6, 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
Feb 21, 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 19, 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
Supply chain crisis: Asia rethinks ‘just-in-time’ strategy as pandemic upends logistics industry
Pandemic-era disruptions have upended distribution networks and exposed vulnerabilities in supply chains from Hong Kong to Singapore to...
Raymond STERN
Feb 18, 2022
European forwarders call for urgent EC probe into 'distorted' liner market
Freight forwarder association Clecat is asking the EC competition directorate to urgently investigate what it claims are “distortions” in...
Raymond STERN
Feb 17, 2022
IKEA, Epicor & the supply chain crises impact on furniture
IKEA & Epicor say the fallout of the global shipping and supply chain crisis has serious consequences for furniture retailers &...
Raymond STERN
Feb 17, 2022
CMA CGM wins concession to operate Beirut's container terminal
CMA CGM’s terminal operating subsidiary CMA Terminals has won the 10-year concession to manage, operate and maintain the Port of Beirut’s...
Raymond STERN
Feb 11, 2022
Container terminal operators see profits boosted by global port congestion
Global terminal operators are profiting from port congestion – surcharges and storage fees are boosting average container yields....
Raymond STERN
Feb 11, 2022
10 Biggest Logistics Companies In MENA
Logistics companies are also key enablers, moving goods and services across the globe. Many MENA countries are developing their ports...
Raymond STERN
Feb 11, 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
Feb 11, 2022
Top 10: EMEA logistics firms, Kuehne+Nagel, DHL, UPS feature
Kuehne+Nagel, DHL, UPS and DSV head list of top sea, air and road logistics and warehousing companies operating in Europe, Africa and the...
Raymond STERN
Feb 10, 2022
Aramex fourth-quarter net profit slides on rising costs
Full-year revenue jumped 10 per cent to a record $1.65bn despite pandemic headwinds. Aramex, the Middle East’s biggest courier company,...
Raymond STERN
Feb 10, 2022
Aramex profits plunge as it takes on costs and expands forwarding business
Aramex must be one of the few, if not the only, logistics company to see profits fall significantly last year, as it bore costs in a bid...
Raymond STERN
Feb 10, 2022
Ro-ro offers some relief for project shippers desperate for deck space
Shippers and forwarders have faced challenges moving project cargo over the past year. For shipments that fit in containers, they have...
Raymond STERN
Feb 9, 2022
Maersk expects supply chain problems to ease this year
Revenues at container shipping group rose 55% last year AP Moller-Maersk said it expected global supply chain woes to ease in the second...
Raymond STERN
Feb 9, 2022
Microsoft & McKinsey: AI can solve supply chain disruption
Microsoft leveraging AI firms' know-how for supply chain agility, while SMEs collaborate on haulage, sea freight, to ease global logistic...
Raymond STERN
Feb 9, 2022
Maersk CEO: Shipping Bottlenecks to Normalize By Midyear 2022.
A.P. Moller-Maersk A/S CEO Soren Skou says the ocean bottlenecks that have disrupted global supply chains should easy around midyear. "We...
Raymond STERN
Feb 9, 2022
The hidden financial risks in retail supply chains
Debt and operational weaknesses in the system could flow upstream as the industry seeks its footing, according to RapidRatings' James...
Raymond STERN
Feb 8, 2022
Agility Emerging Markets Logistics Index 2022: How the UAE ranks as a global emerging economy ?
Only China and India are placed ahead of the UAE in the 2022 Agility Emerging Markets Logistics Index The United Arab Emirates ranks No....
Raymond STERN
Feb 3, 2022
Saudi Riyad REIT invests $62mln in US logistics portfolio
The investment is expected to generate an average annual yield of 7.5% Saudi Arabia's Riyad Capital said its fund, Riyad REIT, has...
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