Logisitcs US

A collection of 647 posts

Logisitcs US

Clark eyed as premier logistics hub

Clark International Airport Corp (CIAC) plans to transform Clark International Airport into a premier global civil aviation logistics hub. The state-owned firm has identified seven flagship programs to be implemented from 2024 onwards, aiming to make Clark and Central Luzon a transshipment hub of Southeast Asia. The programs include the

Logisitcs US

Beckhoff's Logistics Revolution: Pioneering Automated ...

Beckhoff, a technology company, has experienced a 33.4% revenue growth in the U.S. in response to increased demand. To meet this demand, Beckhoff has upgraded its warehouse in Minneapolis with an innovative Automated Storage and Retrieval System (AS/RS) that has increased capacity by 60%. The project was

Logisitcs US

Charting the changing face of fastener logistics over 50 years

TR Fastenings, a leading distributor in the fastener industry, is celebrating its 50th anniversary. Founded by Mike Timms and Mike Roberts, the company introduced a new way of servicing large manufacturers by delivering exact requirements on a weekly or monthly basis, reducing costs and inventory. TR Fastenings was also one

Logisitcs US

Amazon hit by strikes, protests across Europe during Black Friday

Workers at Amazon went on strike across multiple locations in Europe on Black Friday, protesting against the company's working practices. The strikes were organized by the UNI Global Union and took place in over 30 countries. In Germany, around 2,000 workers went on strike, with 500 workers

Logisitcs US

Maxton native serves at Naval Medical Readiness Logistics Command

Captain Jeff Dial, a native of Maxton, North Carolina, is currently serving as the officer in charge at the Navy Reserves Naval Medical Readiness Logistics Command in Portsmouth, Virginia. Dial joined the Navy 26 years ago and has a Master of Public Health from the University of South Carolina. He

Logisitcs US

ONDC onboards logistics firm XpressBees on its network

The top 10 most affordable cities to buy a house in India have been revealed. India's most visited monuments have also been listed. The pros and cons of investing in value and small-cap stocks are discussed, along with tips for beginners. Ways to earn money online by selling

Logisitcs US

Fez expands last mile delivery services with new UK logistics hub

Nigerian last-mile delivery startup, Fez Delivery, has launched its UK-Nigeria Shipping service as part of its expansion strategy. The move aims to improve delivery services in the UK market by streamlining processes and increasing efficiency. Fez has formed partnerships with local delivery firms in the UK, enabling it to strengthen

Logisitcs US

SME forwarders in a 'very good mood' and getting into M&A mode

Rhenus Logistics has acquired Pesenti Trasporti & Logistica in the latest merger and acquisition deal in the forwarding market. This follows several other M&A deals this month. The consolidation among large forwarders is seen as an opportunity for SMEs, who are in a good position due to their

Logisitcs US

Richest Billionaires in Logistics Industry (November 23, 2023)

Klaus-Michael Kuehne is the wealthiest person in the logistics industry with a net worth of $29.4 billion, followed by Rafaela Aponte-Diamant and Gianluigi Aponte. John Fredriksen, Rodolphe Saadé, Jacques Saadé Jr, Tanya Saadé Zeenny, Enrique Razon Jr, Dennis Washington, and Fred Smith also made the list of the top

Logisitcs US

Swiss bank in pole position for €106m French logistics portfolio

A French logistics portfolio worth €106m is set to be acquired by a Swiss bank. The 122,000 sq m collection consists of assets near Paris, Lille, and Orléans. The deal comes as CBRE trims its UK business and Muse sells off the final part of its Cheadle Royal site.

Logisitcs US

CargoM executive director Mathieu Charbonneau appointed knight of the order of the crown of Belgium

Mathieu Charbonneau, the Executive Director of CargoM, has been appointed as a Knight of the Order of the Crown of the Kingdom of Belgium. The Belgian Ambassador to Canada presented Charbonneau with the distinction for his contributions to the transport and logistics sector. CargoM has a strong relationship with the

Logisitcs US

Hyundai Motor Company signs MOU with Poh Tiong Choon ...

Hyundai Motor Company has signed a Memorandum of Understanding (MOU) with Poh Tiong Choon Logistics Limited (PTC) to develop a hydrogen ecosystem in Singapore. The partnership aims to establish and promote hydrogen-based mobility in Singapore as the country works towards achieving net-zero emissions by 2050. The collaboration will focus on

Logisitcs US

Navigating the cloudy skies: Distribution, logistics and ...

The UK's distribution, logistics, and manufacturing sectors have experienced supply chain disruptions due to the pandemic, the Russian invasion of Ukraine, Brexit, climate goals, and labor shortages. These disruptions have led to delays, increased expenses, inventory shortages, and customer dissatisfaction. Inflation has also negatively impacted businesses in these

Logisitcs US

GXO Logistics extends copacking agreement with Avon

GXO Logistics has extended its agreement with health and beauty products company Avon to provide co-packing and value-added services. Under this collaboration, GXO will manage the distribution of products to over 50 European countries, while also supporting Avon's omnichannel activities and co-packing services. Additionally, GXO has dedicated 2,

Logisitcs US

Is Tiong Nam Logistics Holdings Berhad (KLSE:TNLOGIS) Potentially Undervalued?

Tiong Nam Logistics Holdings Berhad's share price has been stable, trading in line with industry peers and justifying its price-to-earnings ratio of 12.93x. The company's earnings are expected to increase by 65%, indicating a positive future. However, other factors like management track record and balance

Logisitcs US

Richest Billionaires in Logistics Industry (November 22, 2023)

Klaus-Michael Kuehne is currently the richest person in the logistics industry with a net worth of $29.2 billion. He is followed by Rafaela Aponte-Diamant, Gianluigi Aponte, and John Fredriksen. Rodolphe Saadé, Jacques Saadé Jr, and Tanya Saadé Zeenny are also on the list. Enrique Razon Jr, Dennis Washington, and

Logisitcs US

No relief for cargo owners in cold storage crunch

Lineage Logistics is expanding its cold storage facilities in Calgary, Houston, and Kansas City. The Calgary expansion will boost capacity by 30%, bringing the facility up to 200,000 sq ft. The Houston location spans 315,000 sq ft and offers integrated transport and drayage operations. The Kansas City facility,

Logisitcs US

Iput seeks consent for 1.73m sq ft Nexus logistics expansion

CBRE has won back the senior hotels broker, LaSalle is transferring operational management of UK pension accounts to JLL, LondonMetric has reported a profit of £81m, and Rothschild has acquired a €40m Bavarian warehouse. These developments in the logistics and investment sectors reflect ongoing activity in the UK and Ireland.

Logisitcs US

Intermodal volumes fall in October while showing improvement ...

Intermodal volumes in October showed a slight decline of 0.4% compared to the same period last year, according to data from the Intermodal Association of North America (IANA). Domestic containers were the only segment to see an increase, rising 6.4% annually. However, trailers fell 22% in line with

Logisitcs US

Clinical Trial Supply and Logistics Market Size to Surpass USD 6.44 ...

The global clinical trial supply and logistics market is expected to reach USD 3.42 billion by 2023, with North America leading the market at 39% market share in 2022. The market growth in North America is driven by the increasing number of clinical trials for diseases like cancer and

Logisitcs US

Deal struck for logistics technology firm

US software firm Aptean has acquired UK-based 3T Logistics & Technology Group, a provider of cloud-based transportation management systems. 3T helps shippers and carriers automate processes and optimise logistics scenarios. Aptean plans to expand its transportation management system offerings in Europe with the addition of 3T's cloud-based EVENT

Logisitcs US

Is Aegis Logistics (NSE:AEGISCHEM) Using Too Much Debt?

Aegis Logistics Limited, a company listed on the NSE, has been using debt but should shareholders be concerned? As of September 2023, the company had a debt of ₹13.9b and ₹17.4b in cash, resulting in a net cash position of ₹3.59b. Although it has liabilities exceeding its

Logisitcs US

Bridge Logistics Enters NorCal With SaleLeaseback Deal

Bridge Logistics Properties, a subsidiary of Bridge Investment Group Holdings, has acquired an 84,482-square-foot warehouse in Newark, California. The property, located at 37580 Filbert St., was sold by Vital Records Control. The facility, which is the sole tenant, features clear heights of 34 and 40 feet and provides easy

Logisitcs US

U.S.bound shipments see growth in October, reports S&P Global ...

United States-bound containerized freight imports in October increased by 5% annually, the second consecutive month of growth after 13 months of declines, according to S&P Global Market Intelligence. Imports for the year through October are down 11.5%. Consumer discretionary goods and capital goods shipments rose by 8%

Logisitcs US

Global logistics powerhouse Mapletree spreads its wings

Mapletree Investments, a leading real estate company, has become one of the top five global logistics real estate players. With over $30 billion in logistics assets under management, Mapletree has a strong presence in Singapore, Vietnam, and Malaysia. The company has also diversified into other defensive sectors such as student