Major Investment in New Leipzig Logistics Center Promises Economic Boost

Major Investment in New Leipzig Logistics Center Promises Economic Boost

A significant investment exceeding 200 million euros is slated for the construction of a state-of-the-art logistics center in Leipzig, announced during a groundbreaking ceremony by a leading consumer goods manufacturer based in Hamburg. The facility, expected to be operational by 2027, aims to create approximately 450 new jobs, marking a substantial commitment to bolstering regional…

Logistics Sector Foresees Rental Adjustments Amidst Market Shifts in China

Logistics Sector Foresees Rental Adjustments Amidst Market Shifts in China

A major player in the logistics sector anticipates continued adjustments in rental rates across China in the upcoming quarters, reflecting the need to align expiring contracts with current market dynamics, as discussed during its recent annual general meeting. The prevailing leasing landscape in China remains challenging due to a slower-than-expected recovery post-pandemic and an oversupply…

Japan Expands Parcel Drop-off Services Amid Logistics Sector Challenges

Japan Expands Parcel Drop-off Services Amid Logistics Sector Challenges

Japan’s logistics sector is adapting to new demands as major parcel delivery services expand drop-off options to tackle logistical challenges in 2024. This initiative aims to relieve pressure on delivery personnel facing stricter overtime regulations implemented since April, among other industry changes. Announced recently, a leading delivery service will now offer Smart Club members the…

Saudi Logistics Sector Sees 76% Growth in Q2

Saudi Logistics Sector Sees 76% Growth in Q2

Saudi Arabia’s logistics services sector has experienced a significant surge, registering a 76% growth rate with 11,928 new registrations in the second quarter of this year, marking it as a leading sector, according to the latest Business Sector Bulletin from the Ministry of Commerce. The bulletin highlighted robust economic activities across diverse regions of the…

Pampanga Positioned to Thrive as Global Logistics and Aviation Hub

Pampanga Positioned to Thrive as Global Logistics and Aviation Hub

The aviation and logistics sectors in Pampanga are poised for significant growth, with substantial investment from three international players expanding their operations at the local international airport. In a recent statement, the Bases Conversion and Development Authority (BCDA) president and CEO Joshua Bingcang outlined plans to elevate Pampanga into a premier hub for aviation and…

ICTTM Forms Strategic Partnership with the Northern Virginia Hispanic Chamber of Commerce to Empower New Global Trade Opportunities

ICTTM Forms Strategic Partnership with the Northern Virginia Hispanic Chamber of Commerce to Empower New Global Trade Opportunities

London, United Kingdom – July 12, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is excited to announce a strategic partnership with the Northern Virginia Hispanic Chamber of Commerce (NOVA Hispanic Chamber). This Memorandum of Understanding (MOU) solidifies a shared commitment to promoting trade transparency and providing valuable resources to businesses within…