The state government has announced the implementation of several strategies aimed at developing Serendah into a national center for logistics, transportation, and auto manufacturing, according to the state executive councillor for trade, investment, and mobility. During a recent State Legislative Assembly session, the councillor highlighted significant investments from major automakers, establishing Serendah as a focal…
In response to economic pressures, logistics companies are increasingly opting for used trucks, a trend driven by significant price hikes in the vehicle market. According to industry reports, prices for light commercial vehicles have surged in recent months. Vehicles in the 1.5 to 2 tonne segment saw prices rise by 38%, while the 2 to…
Saudi Arabia and Romania have recently signed a memorandum of understanding aimed at bolstering logistics services between the two countries. The agreement, sealed by Saudi Arabia’s Minister of Transport and Logistics Services, Saleh Al-Jasser, and Romania’s Minister of Transport, Infrastructure, and Communications, Sorin Grindeanu, signifies a mutual commitment to advancing operational standards in the sector,…
New Delhi: The upcoming 13th edition of the India Warehousing Show (IWS) is poised to make a significant impact on the logistics sector. Scheduled from 11th to 13th July 2024 at the Yashobhoomi, India International Convention & Expo Centre (IICC) in Dwarka, New Delhi, this event remains a pivotal gathering for logistics professionals, focusing on…
A recent report indicates that the supply of industrial and warehouse logistics parks (IWLP) is expected to grow by 13-14% year-on-year, reaching approximately 424 million square feet in the current fiscal year across eight major markets.The report forecasts absorption rates to reach 47 million square feet in FY25, up from 37 million square feet in…
The logistics sector is urging the newly-elected UK government to “kickstart growth” by collaborating with the country’s freight industry to fulfill its promised industrial strategy. Industry experts emphasize that logistics can significantly boost productivity across all regions and is crucial for driving economic growth. A key figure in the sector stated, “Logistics underpins all sectors…
The automotive industry continues to play a pivotal role in Europe’s economy, contributing €1 trillion in income and employing 13.8 million people in 2022, a significant portion of the EU’s GDP. This sector also channels €60 billion annually into research and development, bolstering innovation across the continent. Amidst the global upheavals caused by the Covid-19…
Following the recent General Election victory by Labour, there is a strong call for the incoming government to prioritize collaboration with the logistics sector to kickstart economic growth within its first 100 days. Business group Logistics UK emphasizes that logistics can significantly enhance productivity across all sectors of the UK economy. “As one of the…
Da Nang recently hosted a significant meeting focused on enhancing “ASEAN-China Cooperation on Industrial and Supply Chains,” addressing evolving global trade dynamics. Participants convened to analyze emerging trends in industrial and supply chains, discussing the mutual opportunities and challenges faced by ASEAN and China. Recommendations were put forth to deepen collaboration between the regions. Dr.…
Egypt’s shipping and logistics market has reached a valuation of $14.6 billion in 2024, with projections to grow to $18 billion by 2029. This growth represents a compound annual growth rate of 4.33% over the forecast period. A prominent industry leader has emphasized the need for increased cooperation among public and private sector stakeholders to…