A prominent logistics and technology service provider for the luxury and fashion sectors is extending its European footprint with a significant new lease at a commercial park in East Horndon, Essex. This marks the company’s first facility in the UK, adding to its existing operations in China, the US, and Europe. The newly leased 126,000ft²…
DetailsThe Precision Engineering and Machine Tool Technology Show 2024 (PRECITECH) is scheduled to take place in India, offering a comprehensive platform for showcasing advancements in smart manufacturing and related technologies. The event will cover a wide range of areas within precision manufacturing, ancillary industries, and emerging technologies shaping the future of the sector. Scheduled to…
DetailsPlans have been unveiled for a new national distribution center spanning 311,551 sq. ft. on a 25.1-acre site. Designed to meet BREEAM ‘Very Good’ standards and achieve an EPC A rating, the facility aims to set benchmarks in sustainability with Net Zero Carbon in Construction compliance. This initiative marks a pivotal step in a strategic…
DetailsSaudi Arabia has entered into a formal agreement with Romanian authorities to enhance cooperation in logistics services, according to a recent report. A delegation led by the Saudi Minister of Transport and Logistic Services, Saleh bin Nasser Al-Jasser, is currently visiting Romania to solidify this partnership. During discussions with Sorin-Mihai Grindeanu, the Romanian Minister of…
DetailsThe 76 Commerce Center in Brighton has reached full occupancy with the recent leasing of its last two available buildings to a leading supply chain logistics company. This significant addition brings the commerce center’s total leased space to 1.7 million square feet. Strategically located adjacent to Interstate 76, the commerce center already houses notable companies…
DetailsA state-of-the-art logistics hub in Shanghai’s Shihudang Town is nearing its final stages of construction, expected to be operational by December this year. Covering an expansive 210,000 square meters, this facility is set to become a pioneering example of efficient urban distribution and multi-modal transport solutions in East China. Phase II of the project boasts…
DetailsA substantial Series A funding round of $20.5 million has been secured to advance cutting-edge solutions in logistics and supply chain management. Leading the investment are Titanium Ventures, with new investor Picus Capital and existing supporters RTP and Bonfire, marking a significant milestone in driving industry transformation and addressing critical operational challenges. “This funding represents…
DetailsThe state government of Uttar Pradesh has announced plans to establish India’s largest logistics hub in Dadri with an investment of Rs 70.64 billion. This ambitious project aims to bolster infrastructure and spur economic development in the region, strategically located near the national capital region (NCR). The proposed logistics hub in Dadri is anticipated to…
DetailsIn a recent development within the logistics sector, an undisclosed buyer has acquired Logik Logistics International (Logik), a UK-based specialist renowned for its time-sensitive logistics solutions. This acquisition aims to bolster capabilities in time-critical and on-demand logistics services across Europe. The acquisition comes as part of the buyer’s strategy to enhance its service offerings, particularly…
DetailsIn recent years, drones, once confined to science fiction, have emerged as pivotal tools reshaping various industries, particularly supply chain logistics. As consumer demands for faster and more reliable delivery services grow, businesses are turning to innovative solutions to streamline their operations. Unmanned Aerial Vehicles (UAVs), commonly known as drones, are at the forefront of…
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