Middle East contract logistics market to sustain 6.9 percent average growth to reach over USD 3.7 billion in 2015; Barloworld Logistics intensifies growth plans in Middle East, anchored on integrated smart supply chain solutions. Barloworld Logistics, a provider of logistics and supply chain management solutions, has announced that it is intensifying its growth plans in the Middle East as the region’s contract logistics services market expects to sustain a 6.9 per cent compound annual growth rate (CAGR) from 2011 to 2015, according to a study by Transport Intelligence. The UAE, Qatar and the Kingdom of Saudi Arabia will remain key growth catalysts for the contract logistics market in the Middle East, which is expected to reach a value of around USD 3.7 billion in 2015, increasing from USD 3 billion in 2011. Barloworld Logistics predicts that market conditions will continue to improve in light of the projected positive growth rates for the region. This growth is compounded by the growing awareness of the strategic benefits of outsourced logistics solutions such as substantial cost savings, decreased cycle times, improved product and service quality, and enhanced customer satisfaction, which are acting as multipliers to the expected economic growth. The company will focus on delivering integrated smart supply chain solutions in the region
CargoSphere, cloud-based global rate management solution and confidential Rate Mesh network for the ocean and air transportation and logistics industries, has announced the completion of Blu Logistics’ integration with CargoSphere’s freight rate management solution. Blu Logistics, a global logistics company offering sea and air freight services, customs brokerage, ground transportation, and warehousing, previously outsourced freight rate and contract management
TOTE Logistics Inc. parent company of Carlile Transportation Systems announced several new company positions. John Armstrong – Carlile, Vice President, Logistics John Armstrong has accepted the Vice President, Logistics position for Carlile Transportation Systems, Inc. John joins Carlile from sister company Alta Logistics, where he was the Director of Logistics. John has leadership, operations and logistical supply chain management experience
Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, acquired Infodis B.V., a Netherlands-based provider of software-as-a-service (SaaS) transportation management solutions. Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments
Acquisition of Seattle-based warehousing and transportation provider adds Northwest Gateway to Port Logistics Group's national footprint. Port Logistics Group , a provider of gateway logistics services, today announced that it has completed the acquisition of Pacific Distribution Services, a regional warehousing and transportation provider serving the ports of Seattle and Tacoma. The acquisition adds 600
One of the conclusions of the Shippers’ Voice seminar discussing Portcentric Logistics Solutions at the Multimodal 2009 exhibition was that now maybe even the best time for shippers to reassess their logistics patterns and structure. Nick Lindsay, General Manager LM Logistics Group, told delegates that “this is the time to think as far outside the box as you want and you’ll find the solution.” His Felixstowe-based company, originally built on container haulage
Rio de Janeiro, 26 September 2011 – GAC is strengthening its logistics and oil & gas services in Latin America, with the announcement of two new appointments at GAC Brazil. With effect from 1 October, 2011, Monica Chaves is appointed as Oil & Gas and Logistics Manager based in Rio de Janeiro. Monica will drive overall logistics sales and expand product portfolios further to better penetrate the region’s oil & gas sector
CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub, which covers an area of 27,000 sqm of warehouse space and 10,000 sqm of yard space, is strategically located in Jebel Ali Free Zone in Dubai and is fully dedicated to the warehousing and handling of oil and gas products for the Energy sector.
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), a global on-demand software-as-a-service (SaaS) logistics solutions provider, has acquired the logistics business of privately-held Oceanwide Inc. in an all-cash transaction. Oceanwide's logistics business is focused on a web-based, hosted SaaS model suited for customs brokers and freight forwarders who choose to outsource rather than procure or manage traditional enterprise applications behind their own firewalls.
Maersk Logistics is to open six new offices in Central America, Mexico, and the Caribbean. With the opening of the new offices, Maersk Logistics has a total of eight offices in the region, covering Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Panama.
Singapore's Neptune Orient Lines (NOL) may be shaping up as a takeover candidate, a report in Bloomberg said. The appeal of the shipping company that helped cement Singapore's status as a global trade hub has increased after it agreed to sell its logistics unit last month for US$1
The Maritime and Port Authority of Singapore (MPA) has announced several new initiatives to improve connectivity in the Port of Singapore, including a new 4G mobile network built in collaboration with M1 Limited. The MPA and M1 also signed a Memorandum of Understanding (MOU) to work
Food and drink logistics giant, Culina Group, has been announced as the first major tenant at the new National Import Centre being developed by the Peel Group, as part of its multi-million pound Port Salford development (located approximately 6 miles (9
Milaha Maritime & Logistics, a subsidiary of the Qatar based Milaha Group which delivers integrated transport and supply chain solutions in the GCC, has announced the launch of the first direct container service between Qatar and India. The non-stop service will connect Qatar’s Doha
Milaha Maritime and Logistics, a subsidiary of Milaha Group, launched its first direct container service, known as the Nhava Sheva Doha Express (NDX), between Qatar’s Doha port and India’s port Nhava Sheva in Mumbai.
Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the twelve months ended 31 December 2014. Like-for-like1 revenue grew 11.3% and adjusted EBITDA increased 16
Indonesia is seeking US$7 billion in foreign investment to upgrade its ports as part of a five-year plan to improve its ports network, Finance Asia said. The plan involves modernizing existing ports and building new ones in the country
Qatar Navigation (Milaha) Q.S.C. increased fourth quarter net profit 32.8 percent, the company announced today in its 2014 financial results. It will pay a 55% cash dividend for 2014, a value of 5.5 Qatari Rials ($1.51) per share. The company said it increased its net profit 10% in 2014
The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance provider said it has found that 66% of its claims by number and 62% by value over a five year period can be categorized into just
French maritime transporter CMA CGM has opened a logistics complex, between the port and city of Douala, Cameroon, and set up a new firm to handle inland transportation in West African markets. Christened 3CTC (CMA CGM Cameroon Container Terminal)
Danish conglomerate A.P. Moller-Maersk may announce a second share buyback scheme in its 110-year history as early as Wednesday, analysts said, allowing it to reward shareholders as its oil unit takes a battering from a slump in prices. Further divestments from its large portfolio of companies
Neptune Orient Lines (NOL) has sold APL Logistics (APLL) to Kintetsu World Express (KWE) for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million. The KWE Group considers the establishment of a management base that can compete on a
Merger and acquisition (M&A) activity in the transportation and logistics industry remained steady during the fourth quarter of 2014 according to Intersections, a quarterly analysis of global deal activity in the transportation and logistics industry by PwC US
For the past six months, Crowley Maritime Corporation has provided critical logistics services in support of Operation United Assistance (OUA), the U.S. military’s mission to fight the Ebola virus epidemic in West Africa, the company announced today.
Wal-Mart Stores Inc is experiencing delays in some merchandise due to the West Coast port disruptions, although moves to diversify its logistics have limited the impact, the head of the retailer's U.S. operations said on Thursday. On an earnings call Greg Foran said "pockets of