DHL Group's decision to extend its framework agreement with Mitteldeutsche Flughafen AG (MFAG) for an additional 15 years, now lasting until 2053, marks a significant step in bolstering the economic stability and long-term viability of Leipzig/Halle Airport and the surrounding region. This
India's logistics sector is witnessing a remarkable growth trajectory, with projections indicating an impressive compound annual growth rate (CAGR) of 11% leading up to FY2027, according to a recent report by Rubix Data Sciences. The report estimates that the sector will burgeon to a staggering USD
In today's fast-paced, ever-evolving marketplace, retail and supply chain sectors face immense pressure to maintain an accurate and efficient inventory. The surge in e-commerce, the complexity of omnichannel fulfillment, and escalating consumer expectations have made traditional methods of
The recent acquisition of GLS Group's U.S. less-than-truckload (LTL) and brokerage operations by DC Logistics marks a significant shift in the American logistics landscape. Set to close on September 1, 2024, this transaction aims to enhance DC Logistics' position in the U.S. LTL market. The deal
NOVA Infrastructure, a prominent middle-market infrastructure private equity firm, has revealed the sale of Bold Holdco, LLC to a group of institutional investors advised by J.P. Morgan Global Alternatives’ Global Transportation Group. Bold Ocean, headquartered in Annapolis, MD, is renowned for its
The logistics industry is witnessing a significant transformation with Diverse Logistics Holdings' recent acquisition of TCA Logistics Corp. Diverse Logistics Holdings, a prominent third-party logistics firm, specializes in the delivery and installation of bulky items such as mattresses and
Averitt Express has been recognized as one of Inbound Logistics' 2024 Top 100 Third-Party Logistics Providers. The publication's annual 3PL edition emphasizes the necessity for scalable and reliable partnerships to fuel business growth. Averitt's strong inclusion speaks volumes of its remarkable
The secure logistics market, which ensures the safe transportation and storage of valuable goods, is projected to see significant growth from USD 81.68 billion in 2023 to USD 182.98 billion by 2033. This substantial expansion is fueled by technological advancements, increasing security concerns,
The recent expansion of the partnership between logistics solutions provider OneStop and freight specialist Intermodal Group (IMG) marks a significant development at the newly operational Kenwick Intermodal Terminal (IMT) in Western Australia. IMG has implemented OneStop’s Vehicle Booking System
The international logistics firm Seko Logistics has taken legal action against U.S. Customs and Border Protection (CBP), even after being conditionally reinstated into key trade programs. This legal battle underscores significant issues regarding administrative transparency and due process in
