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…
DetailsJapan’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…
DetailsSaudi 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…
DetailsThe 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…
DetailsLondon, 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…
DetailsA major logistics hub in Saudi Arabia has taken a significant step towards sustainability by acquiring 80 electric prime movers (e-PMs) for use at King Abdulaziz Port Dammam (KAPD). The procurement includes charging stations and training for operational staff to maintain these eco-friendly vehicles. This initiative underscores the logistics sector’s commitment to reducing carbon footprints…
DetailsConstruction has begun on a new 147,500-square-foot industrial facility in Chicago, marking a significant step forward for urban logistics development. A groundbreaking ceremony took place at the site of the Pulaski 55 Logistics Center in Archer Heights, where completion is expected by December. Situated on a 7.5-acre parcel along I-55, the facility offers direct access…
DetailsA state-of-the-art logistics hub has been inaugurated in Albacete, Spain, set to revolutionize operations in the Castilla-La Mancha region. Spanning 50,000 square meters, the facility is managed by a leading logistics service provider and introduces advanced technologies to streamline processes and boost efficiency. Designed to optimize storage and operational workflows, the hub features cutting-edge automation…
DetailsIn the aftermath of Labour’s triumph in the recent General Election, industry experts are optimistic about the potential for the logistics sector to invigorate economic growth across the UK. Emphasizing the pivotal role of logistics in fostering productivity and efficiency, stakeholders are hopeful for collaborative efforts with the new government to drive significant economic benefits.…
Detailshe Minister of Transportation highlighted the critical need for technology investment to enhance the efficiency of the logistics sector, essential for a sustainable future supply chain. “The key focus is on achieving greater efficiency and unification,” the minister remarked during the opening of the Asia-Pacific Logistics and Forwarder Conference in Nusa Dua, Bali. Big Data…
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