His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has unveiled plans for the world’s largest logistics hub dedicated to the trade of foodstuffs, fruits, and vegetables. This ambitious project aims to enhance Dubai’s global economic standing and solidify its role as a leading…
A prominent logistics provider specializing in the fashion and lifestyle sectors has finalized an agreement for a nearly 600,000 sq ft facility in a strategic location. This new facility, referred to as MPC 3, represents a significant addition to the provider’s portfolio and expands its partnership, adding to existing operations. The total occupied space now…
A major new logistics project is on the horizon in Wigan, following the acquisition of a site in a strategic deal. The 7.3-acre site at Martland Park, which received outline planning permission in March 2023, is set to be developed into a substantial logistics unit. Developers have now submitted a reserved matters application, and if…
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…