In 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…
In 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…
Two 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.…
A 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…
A 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…
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…
Japan’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…
Saudi 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…
The 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…
A 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…