Global air cargo rates continued to rise throughout March, thanks to strong demand and rising rates from Asia and Middle East origins, taking average prices to within -7% of their elevated levels this time last year and recovering to their levels during last year’s winter peak season, according to latest weekly figures from WorldACD Market
Pandion, a leading provider of residential parcel delivery solutions for e-commerce, has successfully secured $41.5 million in Series B funding. This investment will fuel the company’s expansion efforts, focusing on enhancing technology offerings, broadening geographic reach, and optimizing delivery speed. Pandion’s Founder and CEO, Scott Ruffin, brings over 25 years of logistics expertise to the
Award-winning UAE-based facilities management service provider Emrill has launched Emrill Rail, its latest division providing comprehensive solutions tailored to the unique needs of the country’s railway supply industry. Emrill Rail has strategically partnered with Clemtech, a leader and specialist in recruitment and consultancy services for rolling stock and rail sectors, to deliver solutions that meet
The China-Europe Railway Express has seen a significant uptick in operations, with nearly 3,000 trains dispatched in the first two months of 2024. The expansion underscores the service’s growing role in facilitating faster and safer freight services for China-EU trade amid changing global logistics dynamics. According to China Railway, the China-Europe Railway Express operated 2,928
UAE-based logistics giant DP World has opened the latest branch in a network of more than 100 freight forwarding offices across the world. The latest branch to open its doors is in Miami, Florida. It has launched no less than 100 offices over the last eight months as it seeks to expand its freight forwarding
French shipping company CMA CGM has completed the largest acquisition in its history with the €4.85bn ($5.24bn) purchase of Bolloré Logistics from The Bolloré Group. The purchase includes the entirety of the transport and logistics company, though the transfer of Bolloré Logistics Sweden is currently subject to foreign investment approval in Sweden. CMA CGM Chairman
Aldar Properties, one of the leading real estate developers, investors and asset managers in the UAE, is investing a further AED 1 billion to expand its logistics real estate business in Dubai and Abu Dhabi. Having first entered the logistics sector with the majority acquisition of Abu Dhabi Business Hub (ADBH) in 2022, this new
CMA CGM’s CEVA Logistics confirmed that it will not be pursuing Wincanton reporting in a stock exchange filing that it will not set aside its previous final cash offer. The acquisition would have more than doubled CEVA’s operations in the UK and Ireland. They were outbid by American company GXO, representing a setback for the
