Logistics News in 60 Words - Traqo.io (Page 47)

Unlocking supply chain resiliency

McDonald's and supplier Golden State Foods have partnered to track the movement of fresh beef using radio-frequency identification (RFID) technology. This pilot project aims to improve visibility and traceability in McDonald's supply chain, allowing partners to build trust and transparency. By blending physical and digital tools,

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JD LOGISTICS Becomes Partner of KUAISHOUW for Largescale E ...

JD Logistics has announced its partnership with Kuaishou, offering logistics support and delivery services during the upcoming Kuaishou Double 11 Shopping Festival. Short selling data and stock quotes are given, but are not relevant to the partnership announcement. Source: Link Frequently Asked Questions Q: Is it true that JD Logistics

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Richest Billionaires in Logistics Industry (October 30, 2023)

Klaus-Michael Kuehne is currently the wealthiest person in the logistics industry with a net worth of $28.7 billion, as of October 30, 2023. Following him is Rafaela Aponte-Diamant with $26.9 billion, Gianluigi Aponte with $26.9 billion, and John Fredriksen with $13.8 billion. The rest of the

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AGL appoints Gilles Duffaut as director of international logistics

Gilles Duffaut has been appointed as the new director of international logistics development for Africa Global Logistics (AGL). Along with Eric Melet, CEO of logistics and rail solutions, he will work on developing AGL's international network. The appointment aims to strengthen relationships between AGL's African network

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Economic Watch: Robust transportation, logistics data reflect China's ...

China's transportation and logistics sectors have seen strong growth due to pro-growth policies and increased consumption. From January to September, inter-regional passenger traffic rose by 31 percent, with civil aviation trips showing the largest growth. The courier sector also experienced rapid growth, exceeding 100 billion parcels earlier than

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Fraunhofer's highspeed logistics robots may steal humanoids' thunder

Fraunhofer Institute has developed two logistics robots, the evoBOT and O³dyn, which have the ability to perform tasks in warehouses and factories more efficiently and quickly than humanoid robots. The evoBOT, a self-balancing two-wheeled robot, can reach speeds of up to 60 km/h and lift up to 65

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J&T Express makes HKEX debut, a milestone in its journey towards ...

J&T Global Express Limited, a global logistics service provider, has officially listed on the Hong Kong Stock Exchange. The company raised HK$3.528 billion through its IPO, with plans to use the funds to expand its logistics network and improve infrastructure in Southeast Asia and other markets.

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Insider Sellers Might Regret Selling Universal Logistics Holdings Shares at a Lower Price Than Current Market Value

Universal Logistics Holdings, Inc.'s stock price has dropped 10% in the previous week. Insiders sold $366m worth of stock in the past year at an average price of $25.60, lower than the current share price. The Chairman, Matthew Moroun, made the largest insider sale. Insider transactions suggest

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Comments on: Symbolism: 'logistics' in a world at war

A Pentagon video contrasting the Russia-Ukraine conflict with the Gaza situation has sparked debate about how we should ethically think about these events. Politics influence supply chain considerations, particularly with regard to freight rates in air and ocean, which are currently depressed. A subscription is required to access the full

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New border bridge and logistics hub in the p...

Northern Mexico's Tamaulipas state is attracting investments in energy and logistics, despite ongoing security issues related to drug trafficking. President Andrés Manuel López Obrador highlighted the potential for exploration and production, liquefied natural gas, wind farms, and industrial hubs in the region. Tamaulipas is set to collaborate with

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Gebrüder Weiss Takes Over amm logistics in Konradsreuth

Gebrüder Weiss, the oldest transport company in the world, has announced its acquisition of the Konradsreuth location from the forwarding company Amm. The purchase will integrate the location into Gebrüder Weiss' German general cargo cooperations and international network, benefiting trade and industry sectors in the region. The acquisition is

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Global logistics news roundup: Zeigler, UPS, Etihad Cargo

Global logistics provider Ziegler Group has partnered with Crystal Palace for a three-year sponsorship deal. With over 3,200 employees and a global network of 156 branches, Ziegler will be the club's official logistics partner. UPS reported a 12.8% decrease in third-quarter revenues compared to last year,

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Cost control keeping contract logistics operators on the right road

French contract logistics operator ID Logistics reported a 9.7% increase in revenue for Q3, reaching €696m ($738m), highlighting the strength of the sector compared to declining ocean freight rates. The company's revenue for the first nine months also rose by 10.1% to €1.98bn. ID Logistics

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Unique Logistics International Reports Fiscal First Quarter Financial ...

Global logistics and freight forwarding company, Unique Logistics International, Inc., announced its first fiscal quarter results. The company experienced a market slowdown due to a decline in shipping activity, particularly in the air freight sector. Despite the challenges, Unique Logistics sustained growth initiatives and held EBITDA close to breaking even.

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Mishimoto Partners with Redwood Logistics for Seamless TMS ...

Mishimoto, a global leader in performance cooling products, faced a challenge when their provider changed. They turned to Redwood Logistics for a solution to ensure continuity in their operations. Redwood set up a transportation management system and launched operations at two locations in just two weeks, preventing disruptions in client

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Luxury yacht maker sinks to £30m loss weighed by supply problems

Princess Yachts, Britain's largest luxury yacht manufacturer, has reported a £30m loss due to supply chain issues caused by the pandemic. The company faced shortages of engines, semiconductors, and teak wood, and struggled to finish production on time. The delayed impact of suppliers getting back on track and

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Vietnam Plans to Restart Rare Earth Mining

Vietnam plans to restart its largest rare earths mine next year to increase the supply of these minerals and compete with China. Rare earth minerals are crucial for advanced technologies such as mobile phones and electric vehicles. China currently controls over 60% of rare earth mining and 85% of processing

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Vow ASA Q3 trading update: inflation and increased cost in supply ...

Norwegian company Vow ASA has announced a reassessment of costs and margins, with NOK 35 million ($4 million) to be charged to its accounts in Q3 2023 due to inflation and higher costs in the supply chain for some projects. Despite this setback, the company has seen steady growth, with

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EVs create profit potholes for major US automakers GM, Ford

Fox News network, Ford and General Motors are facing challenges in their electric vehicle (EV) plans due to a price war and supply chain issues. Ford reported a quarterly loss in its EV unit of $1.33 billion and is cutting production of its Mustang Mach-E. GM saw its profit

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FACT SHEET: President Biden to Visit Minnesota to Highlight ...

President Biden will travel to Minnesota to lead his Administration's Investing in Rural America Event Series. The series aims to highlight the benefits of Bidenomics and the investing in America agenda for rural communities. This includes investments in critical infrastructure, clean energy, agriculture, local food systems, Tribal communities,

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Borderlands: US mulls terminating tomato trade agreement with Mexico

The U.S. Department of Commerce is considering terminating a tomato trade agreement with Mexico after a monthlong comment review period. The debate centers around allegations that Mexico-based growers are selling tomatoes at lower prices, undercutting the U.S. market. Florida growers have been pushing for stricter restrictions on Mexican-grown

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Netlogistik Hosts 2023 Innovation Day, Introducing the Latest Supply ...

NetLogistik, the leader in supply chain digital transformation, will host Innovation Day 2023 on November 8th in Grapevine, TX. The conference will focus on the latest supply chain and logistics innovations, featuring speakers from industry pioneers and panels on topics such as automation, AI, and sustainability. Attendees will have the

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Proactive Approach to Reliability, Resiliency Keys to Confidence in ...

Numerous challenges in the US power industry are highlighting the need for resilient and reliable grid infrastructure. Load demands are increasing due to factors such as electric vehicle charging networks and extreme climate events are causing outages. The Black & Veatch 2023 Electric Report highlights the industry's awareness

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Buying the farm: Pa. lawmakers concerned about foreign ownership ... Pennsylvania Capital

Lawmakers and agricultural stakeholders in the United States are expressing concern over the increasing foreign ownership of farmland and its potential impact on national security and food security. A Chinese food manufacturer's purchase of farmland in North Dakota in 2022 sparked this concern. A U.S. Senator and

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Lavoro keeps Brazil's food crops supply chain working

Ruy Cuhna is the CEO of Lavoro Agro, Brazil's largest agricultural inputs retailer. Lavoro provides farmers with a range of products and services, including soil analysis and rural insurance. The company operates in Brazil, Colombia, and Uruguay, serving 72,000 customers through physical stores and a digital marketplace.