The Massachusetts Institute of Technology Center for Transportation & Logistics(MIT CTL) and intralogistics group Mecalux have kicked off a five-year collaborative project to expedite the integration of self-learning artificial intelligence (AI) in logistics. Through MIT’s Intelligent Logistics Systems Lab, the two institutions will explore new applications of AI models with significant potential for businesses and society. “The objective of our collaboration with Mecalux is to foster … [Read more...] about MIT and Mecalux launch a groundbreaking project to accelerate logistics innovation
Logistics
GEODIS unveils its strategic plan to deliver ever more innovative, sustainable, and ethical logistics solutions
GEODIS, world leader in transport and logistics, announced its new strategic plan, Ambition 2027. This strategic plan, a continuation of the previous plan covering the period from 2018 to 2023, is intended to project the Group into the future, while building on its achievements and continuing to focus on its purpose: “Serving people by delivering their goods all around the world with innovative, sustainable and ethical logistics.” More than ever, the logistics sector is facing a number of … [Read more...] about GEODIS unveils its strategic plan to deliver ever more innovative, sustainable, and ethical logistics solutions
Scan Global Logistics hosts ‘Race to Zero Emission’ Forum in Asia
Scan Global Logistics (SGL) recently hosted its Sustainability Forum 2024, titled “Race to Zero Emission,” for the first time in Asia. Gathering over 100 industry leaders, government representatives, and sustainability experts, the event centered around the theme ‘Driving Sustainable Solutions Together’ and served as a collaborative platform to share innovative approaches toward a carbon-neutral future. The forum underscored SGL’s commitment for decarbonising logistics, with a focus on … [Read more...] about Scan Global Logistics hosts ‘Race to Zero Emission’ Forum in Asia
SingPost to divest Australia business at A$1.02bn in enterprise value
Singapore Post Limited announced that it has entered into a sale and purchase agreement with Pacific Equity Partners (“PEP”) for the sale of its Australia business, Freight Management Holdings Pty Ltd (“FMH”). PEP shall acquire the Australia business at an enterprise value of A$1.02 billion (approximately S$897.6 million), which translates into A$775.9 million (approximately S$682.81 million) in cash and generates an expected gain on disposal of approximately S$312.1 million, subject to … [Read more...] about SingPost to divest Australia business at A$1.02bn in enterprise value
DHL Supply Chain acquires a controlling interest in eFulfilment solutions company, Brandpath
DHL Supply Chain announced its investment in Brandpath Group Ltd, part of the PJ Investment Group (PJIG). Brandpath provides eCommerce businesses with global fulfilment capabilities. The company serves brands including Google and other fulfilment customers such as ShipBob, Localised, Truly, PRS and Jessops. The investment gives Brandpath customers the benefit of DHL’s global scale and infrastructure across 220 countries and territories as well as deep supply chain expertise and … [Read more...] about DHL Supply Chain acquires a controlling interest in eFulfilment solutions company, Brandpath
Hong Kong-Miami pharma corridor validated through Pharma.Aero’s Corridor 3.0 project
Pharma.Aero, in collaboration with Hong Kong International Airport, Miami International Airport and Cathay Cargo, proudly announces the successful validation of the Hong Kong-Miami pharmaceutical air corridor. Building on the foundational work of Pharma.Aero’s Corridor 2.0 project, this Corridor 3.0 project is the latest initiative focused on ensuring secure, efficient, and high-quality airport-to-airport transportation for time- and temperature-sensitive pharmaceutical products. Through the … [Read more...] about Hong Kong-Miami pharma corridor validated through Pharma.Aero’s Corridor 3.0 project
