Yusen Logistics (Deutschland) GmbH is expanding and has opened a new branch with a modern sustainable complex in Altbach with around 10,000 square metres of warehouse and office space. The facility located east of Stuttgart will now become the new contract logistics site of Yusen Logistics as it looks to meet the demands of its customers, particularly those from the local automotive industry. The complex has a large storage area, equipped with high racks, and the loading halls have truck … [Read more...] about Yusen Logistics widens footprint in Germany
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Freight rate benchmarking and analytics platform Xeneta has raised $80 million in a fund-raising round led by equity-backed firm Apax Digital. The Oslo-based startup said the injection of new funds now meant it was valued at $265 million. The company will use the funds to accelerate investments in platform development and to grow its global team as it looks to expand into new markets. Xeneta’s reporting and analytics platform provides shipping and air cargo stakeholders the data to … [Read more...] about Xeneta secures US$80m in fresh funding
With the reopening of the Shanghai port at the beginning of June, the pandemic-induced freight backlogs are finally starting to clear. However, given the various knock-on effects, don't expect supply chain disruptions to disappear for at least another nine to 12 months. The good news is that most companies now realise that the traditional just-in-time (JIT) model has serious flaws and are reacting and adapting their strategies. Increasingly, they are working with third-party logistics (3PL) … [Read more...] about Goodbye, just in time and hello, just in case!
Earlier this month Scan Global Logistics (SGL) opened a new office at the Abu Dhabi Airport Freezone, its second office in the UAE. Situated close to the Khalifa seaport and Etihad Cargo’s hub at Abu Dhabi airport, the new office is equipped with a dual license of a freezone and a mainland company for offshore and onshore requirements. Scan Global said the new office will be operational 24/7 and will offer round-the-clock service for shipments requiring urgent handling like aid and relief, … [Read more...] about Scan Global opens second office in the UAE
The transport logistic and air cargo Southeast Asia (tlac SEA) was officially inaugurated at a pre-launch conference today, 13 September, at the Marina Bay Sands Convention Centre. Around 100 professionals—from airports, airlines, freight forwarders, technology enablers, service providers and shippers to association partners and government agencies—attended the event in person, including the likes of IATA, SAP, and DHL Express. The conference served as a prelude to the inaugural Southeast … [Read more...] about tlac SEA pre-conference sets stage for next year
Vietnam’s Vietravel Airlines is planning to launch new cargo airline VUAir Cargo in cooperation with logistics player Asean Cargo Gateway (ACG). Vietravel Airlines will have control with 51 percent stake with the remaining shares (49 percent) going to ACG. The cargo airline will focus on goods between Vietnam and large factories in Asia such as China, Malaysia, Indonesia and Thailand. VUAir Cargo is looking to use a fleet of up to four B737-800F freighters in the first year, with plans to … [Read more...] about Vietnamese travel airline makes pivot to cargo