A 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…
DetailsTwo leading entities have signed a strategic agreement to develop a Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai. The partnership aims to capitalize on NIP’s strategic location near Jebel Ali Port and Al Maktoum International Airport, with excellent connectivity to major road networks such as the E11 and E311.…
DetailsA significant collaboration has been formed to launch a regional helicopter ambulance service, aiming to improve emergency medical care access for workers in the oil and gas sector across remote locations in Nigeria, West Africa, and the Gulf of Guinea. This initiative involves key players in aviation, emergency medical services, and healthcare logistics. The partnership…
DetailsLondon, United Kingdom – July 12, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is delighted to announce a strategic partnership with the G100 – Global Circular Economy Wing, an influential Women Leaders Alliance in circular sectors dedicated to fostering global advocacy, awareness, and impact for an inclusive gender-equal future. This Memorandum…
DetailsA significant investment exceeding 200 million euros is slated for the construction of a state-of-the-art logistics center in Leipzig, announced during a groundbreaking ceremony by a leading consumer goods manufacturer based in Hamburg. The facility, expected to be operational by 2027, aims to create approximately 450 new jobs, marking a substantial commitment to bolstering regional…
DetailsA 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…
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