Maersk signals next logistics acquisition will be billion-dollar deal
COPENHAGEN : Maersk on Tuesday suggested it is prepared to spend at least $1 billion on a logistics company takeover as the group progressively focuses on larger acquisitions to build scale in its end-to-end
Xander looks east for warehousing investment acquires logistics park
SINGAPORE : Xander Group Inc., a Singapore-based alternative investment company, has acquired a 31-acre logistics park in Bagnan, located in West Bengal’s Howrah district, in its first warehousing investment in eastern India as regional
IATA: Cargo demand at “all time high” but capacity is yet to recover
MONTREAL : Air cargo volumes in March reached an all-time high for the month, according to IATA in its latest air cargo analysis. The association said that global air cargo demand, measured in cargo-tonne
John O’Connor appointed Executive Vice President Strategic Development at Crane Worldwide Logistics
Strategic Development Senior Appointment at Crane Worldwide Logistics HOUSTON : Crane Worldwide Logistics continues to strengthen its core leadership with the appointment of John O’Connor as Executive Vice President, Strategic Development. In this newly
DP World expands European inland network through Swissterminal tender success to operate three Alsace ports
DUBAI : DP World has significantly expanded its European inland network, adding three key ports in the Alsace region through its affiliate company, Swissterminal. Earlier this month, the public authority Syndicat Mixte des Ports
CargoGulf launches New North Asia Gulf Express Service
DUBAI : Global NVOCC (Non-Vessel Operating Common Carrier) CargoGulf is launching a new container liner service between North Asia and the Arabian Gulf. This new North Asia Gulf Express (NAGE) service complements its Arabian
Logistics giant DSV charters 1,800 TEUs Boxship to move cargoes on frenzied Asia-Europe tradelane
DENMARK : The incredible tightness of available slots on almost all tradelanes has forced one of the world’s largest logistics operators to charter in a small ship to move cargoes from Asia to Europe.
Express Global Logistics fights against Covid-19 in India
MUMBAI : The global Covid-19 pandemic has overthrown people around the world to a new social and economic crisis. This highlights the need for urgent action to protect the population. Express Global Logistics (EXG),