In a notable move within the global trade and logistics sector, a leading logistics company has successfully acquired a prominent freight brokerage business for $1.025 billion in cash. This acquisition is poised to make the buyer the third-largest provider of brokered transportation services in North America, signaling a significant enhancement in trade efficiency and network…
DetailsLondon, United Kingdom – June 26, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is proud to announce a strategic partnership with the UK Confederation, a prominent organization dedicated to supporting businesses across the United Kingdom. This Memorandum of Understanding (MOU) marks a significant step toward enhancing trade transparency and providing valuable…
DetailsA leading Spanish logistics company specializing in temperature-controlled goods has expanded its European operations by opening a new logistics center in Belfort, Bourgogne-Franche-Comté region, France. This facility marks the company’s first foray into the French market, boasting an impressive total area of 77,000 square meters. The inauguration of this center is a strategic move to…
DetailsA recent industry study has identified positive developments in manufacturing priorities, with a notable increase in emphasis on supply chain visibility and operational flexibility. This shift highlights the sector’s successful adaptation to digital transformation and the integration of advanced technologies, which have led to significant improvements in operational efficiencies. The survey findings from consecutive years…
DetailsA pioneering Swiss firm has successfully secured $116 million in Series D funding to revolutionize the pharmaceutical supply chain through advanced cold chain technology. Established in 2013, this firm is at the forefront of developing temperature-controlled containers that ensure the safe and efficient transport of sensitive pharmaceuticals via air travel. These state-of-the-art containers are equipped…
DetailsThe Warehousing and Material Handling Exhibition (WAREMAT) is set to take place from August 1st to 3rd, 2024, at the CODISSIA Trade Fair Complex in Coimbatore. This event provides a unique opportunity for businesses to explore new prospects in warehousing, material handling, storage, logistics transportation, and supply chain management. It will also serve as a…
DetailsAn innovative AI platform focusing on sustainability and compliance within the supply chain sector has successfully secured €63 million in its latest funding round, elevating its total investment to over €90 million. This significant infusion of capital highlights the growing recognition of the critical need for advanced solutions to enhance supply chain resilience and compliance…
DetailsThe AUTOROBOT Expo, a leading event dedicated to automation and robotics, has once again brought together industry professionals, innovators, and enthusiasts from around the world. As the global manufacturing industry embraces its fourth revolution, the spotlight is on the transformative impact of robotics, automation, and artificial intelligence (AI). Automation and robotics have seen significant advancements,…
DetailsThe Philippines is rapidly emerging as a powerhouse in the fintech sector, driven by a synergy of government initiatives and private sector innovations. With the country’s digitalization efforts accelerating, fintech adoption is poised to reach 72% of the population by 2024. This burgeoning growth is highlighted by the impressive $344 million in funding raised in…
DetailsA leading logistics company has unveiled a groundbreaking rail transport service connecting Hanoi, Vietnam, to Europe, leveraging the robust freight train networks between China and Vietnam. This strategic initiative is set to significantly enhance cross-border transport services, linking ASEAN countries with the European market more efficiently and sustainably. The new rail service capitalizes on the…
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