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NEWS DESK

MIT Center for Transportation & Logistics launches new lab

The Massachusetts Institute of Technology Center for Transportation & Logistics (MIT CTL)has commissioned a new research lab to investigate high-impact applications of new data-driven technologies in the logistics industry. The formation of the lab was supported by seed funding from the intralogistics group Mecalux. Specifically, the Intelligent Logistics Systems Labat
Logistics Markets

DP World Invests €130 Million In Romania

3 Logistics Sites Set To Go Online DP World unveiled three maritime logistics sites across Romania on May 15, 2024, ushering in a new era of economic prosperity and connectivity. Located in Constanta, the Black Sea’s most prized jewel and the region’s largest container port, DP World’s recent investments are set to transform maritime logistics. […]
Logistics Sport

DHL Marks 20-Year Milestone As F1’s Logistics Partner

Logistics Firm Aims To Go Net-Zero By 2025 DHL commemorates its 20-year partnership with Formula 1 as the sport’s Official Logistics Partner. This renewal of vows, signed in February 2024, reaffirms DHL’s pivotal role in the seamless execution of worldwide FIA Formula 1 World Championship events. With a legacy of four decades in motorsports logistics, […]
Business Logistics

DP World Registers $5.18 Billion EBITDA In 2023

Company Maintains A Prudent Financial Policy Dubai-based DP World has unveiled its robust financial results for the fiscal year ending December 31, 2023, defying challenging geopolitical complexities and economic headwinds. The company’s strategic focus on high-margin cargo and integrated supply chain solutions has proven pivotal in achieving commendable outcomes. In
Aviation Logistics

Lufthansa Cargo Extends IATA CargoIS Agreement

Relationship Spans Over A Decade The International Air Transport Association (IATA) has officially confirmed that Lufthansa Cargo will continue its longstanding partnership, extending and broadening the scope of its use of CargoIS for air cargo intelligence needs. This marks a significant continuation of a relationship that has already spanned over a decade, reflecting a
Logistics Business

Global air cargo demand rises 3.8% in October 2023

Middle Eastern carriers record the strongest regional performance International air cargo demand – measured in cargo tonne-kilometres (CTKs) – rose 3.8% in October 2023 compared to October 2022, indicating the third consecutive month of stronger year-on-year demand, according to the latest data released by the International Air Transport Association (IATA).
NEWS DESK

Introducing Shiplifier, A Unified Platform Set to Streamline E-Commerce Shipping & Logistics 

Shiplifier, a homegrown platform providing seamless shipping solutions under one dashboard, has formally launched operations, coming in as a key solution to ecommerce businesses to secure reduced shipping rates from multiple shipping companies.  At the North Star’s Supernova Competition held at GITEX in 2022, Shiplifier were a finalist for its Top 10 Startup of the
NEWS DESK

Shipsy Completes Stockone Acquisition and Expands Product Portfolio for Holistic Fulfillment and Logistics Management

Shipsy, a leading logistics Software as a Service (SaaS) provider, has completed the acquisition of Stockone, a cloud-based Warehouse Management System (WMS) and inventory management solution provider, to expand its product portfolio. This strategic acquisition reinforces Shipsy’s commitment to providing a comprehensive end-to-end logistics technology platform for
NEWS DESK

Neo Mobility Disrupts UAE’s Last-Mile Logistics with Groundbreaking USD 10M Seed Round Funding

Neo Mobility (Neo), the first all-electric last-mile logistics, mobility and infrastructure company, has announced the launch of its innovative last-mile logistics solutions in the UAE after the successful completion of its pre-launch Seed Funding. The cutting-edge sustainable solutions provider has raised USD 10M in its initial close of funding from green asset financing
Logistics Business

Hellmann Worldwide Logistics sets up new JV with ATS for Middle East road business foray

HellmannATS Road Solutions is road transport operator for Hellmann in UAE Hellmann Worldwide Logistics, the Osnabrück, Germany-based global logistics service provider, and ATS, the Dubai, UAE-headquartered logistics company, have partnered to establish a joint venture named HellmannATS Road Solutions. The JV will feature a technology-based range of B2B logistics solutions