Results for: logistics

Ethiopian Cargo and Logistics Services and Liege Airport have celebrated 17 years of a successful partnership that has significantly contributed to the development of Liege Airport as a premier European cargo hub. With Ethiopian Cargo handling approximately 160,000 tons of cargo at Liege in 2023, the alliance has facilitated the efficient movement of goods between Europe, Africa, and the wider world. The partnership has been mutually beneficial, with Ethiopian Cargo leveraging Liege Airport’s strategic location and world-class infrastructure to expand its global network and offer seamless cargo solutions, while Liege Airport has benefited from Ethiopian Cargo’s extensive network and operational capabilities.

The Port of Montreal is inviting the community to join its annual “Port in the City” event from May 24 to September 14. This exciting program features a traveling information container, free bus tours of the Port, and a chance to win a cruise. Visitors can learn about port activities, enjoy logistics-themed games, and enter the contest. The container will be open daily at the Port’s Grand Quay from June 22 to September 2 and will also travel to various public events in Montreal and the Greater Montreal Region.

A newly discovered branch of the Nile River, named the ‘Ahramat,’ played a crucial role in the construction of 31 ancient Egyptian pyramids, including the Great Pyramid of Giza. Researchers utilized radar satellite imagery and other techniques to identify and map the remnants of the Ahramat branch, which was located near the pyramid sites and served as a waterway for transporting materials. The study sheds light on the logistical challenges faced by the ancient Egyptians and their innovative solutions for transporting heavy materials.

Capital A Berhad, the parent company of AirAsia, has released its operational data for the first quarter of fiscal year 2024. The company’s key divisions, including aviation, digital, logistics, and aviation services, all showed strong performance, driving overall growth. AirAsia Aviation Group achieved a record quarterly load factor of 90%, while AirAsia MOVE, the company’s digital platform, maintained a strong user base exceeding 15 million Monthly Active Users (MAU). Teleport, the company’s logistics arm, performed well in its Cargo and Solutions segments. The overall transparency and disclosure of this operational data reflects Capital A Berhad’s commitment to accountability and allows stakeholders to make informed decisions about the company’s progress.

Mahindra Logistics Ltd. reported positive financial results in Q4FY24, with consolidated revenue growth of 14% and sequential margin recovery. However, the company’s medium-term outlook remains uncertain due to the profitability challenges of its B2B express business, which contributed 7% of sales but experienced an 8% revenue decline. The integration of Rivigo’s B2B express business, acquired in 2022, has faced difficulties, resulting in lower volume growth and losses.

The Road Freight Transport Market in Japan is projected to grow at a CAGR of 5.08% from 2023 to 2027. This growth is driven by factors such as increasing demand for infrastructure investment from real estate developers, booming online payments trend, and the country’s robust economy. The market consists of various players offering services such as full truckload, less than truckload, and specialized transport solutions.

Located at the crossroads of East and West on the Caspian Sea, the Port of Baku has long been a strategic hub for trade and logistics. Under the leadership of Director-General Taleh Ziyadov, the port is undergoing a transformation to meet global trade demands while prioritizing sustainability and investing in local projects. With a focus on connectivity, advanced technologies, and environmental stewardship, the Port of Baku aims to become a ’21st-century five-star hub’ that contributes to regional economic development.

The Dedicated Freight Corporation of India Limited (DFCCIL) is pioneering an innovative solution to reduce logistics costs in India by transporting trucks on trains on the Western Dedicated Freight Corridor. This truck-on-train service, also known as roll-on/roll-off (RORO) service, offers numerous benefits and has the potential to revolutionize the country’s freight transportation industry.

Alibaba, parent company of the South China Morning Post, has made a strategic investment in Ably, South Korea’s largest online fashion app. The investment of US$200 million will be used to build a logistics center and assist small and medium-sized businesses in exporting their products overseas. Ably, with a user base of 8.05 million monthly active users, is particularly strong in the women’s apparel market, aligning with AliExpress’s strategy to establish a dedicated women’s fashion channel.

GXO Logistics (NYSE: GXO) has renewed its long-standing partnership with Mars in France, extending their collaboration for another term. The partnership, which began 15 years ago, encompasses a comprehensive range of logistics services, including storage, distribution, returns, and value-added services for Mars’ snacking and food & nutrition brands. As part of the renewed agreement, GXO plans to implement innovative solutions on-site, such as an automated inventory system, and will increase rail utilization to three trains per week.