Evri, a prominent U.K.-based parcel delivery firm, is undergoing a significant transformation following its acquisition by Apollo Global Management. This move marks a new chapter for the company, complete with ambitious expansion plans and notable technological investments. Transition of Ownership
The strategic collaboration between Bahri, the National Shipping Company of Saudi Arabia, and Ma’aden, the largest multi-commodity mining and metals company in the Middle East, signifies a transformative step towards localizing maritime industries and supporting the Kingdom's economic
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
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
The European Combined Transport (CT) sector witnessed a 4.25% rebound in the second quarter of 2024, marking a recovery from disturbances in the first quarter of the year. This positive performance uptick reflects cautious optimism among industry stakeholders, although future prospects for the
The first half of 2024 has seen remarkable growth in China's parcel delivery sector. With significant enhancements in service quality, infrastructure, and technology, the sector has managed to handle over 80 billion parcels from January to June. This expansion, generating express delivery revenue
