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 recent memorandum of understanding (MoU) signed between Hong Kong Air Cargo (HKAC) and ZTO Express Group marks a significant shift in the landscape of e-commerce logistics. This partnership seeks to leverage the combined strengths of both companies to meet the escalating demands of the global
As Tropical Storm Debby barrels through the southeastern United States, the trucking industry has found itself at the epicenter of both the disaster and the subsequent relief efforts. The storm's ferocity has resulted in widespread infrastructural damage, with road closures, flooding, downed trees,
In recent years, South Africa has witnessed a significant transition from rail to road freight, a shift driven largely by the rampant theft of cables and destruction of rail infrastructure. This has resulted in higher environmental costs as trucks consume more fuel and emit more greenhouse gases
The air cargo market in Bangladesh has faced unprecedented upheaval due to the recent political unrest. The protests, instigated by student opposition to a government job quota system favoring veterans of the 1971 independence war, have spiraled into a nationwide anti-government movement. The
Maersk, the global shipping giant, has recently revised its earnings forecast for the third consecutive time since May, predominantly due to increased freight rates driven by a crisis in the Red Sea region. The company, a bellwether in marine logistics and shipping services, has maintained an
