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The parties have agreed not to disclose the purchase price of the transaction.

Kuehne + Nagel expands overland network with Jöbstl acquisition

25 July 2019 2:00 PM IST
July 25, 2019: Kuehne Nagel Austria has acquired medium-sized logistics enterprise Jöbstl to expand its overland network and simultaneously...
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The number one concern for shipping is economic risks (75 percent) – such as recession or sharp downturn – closely followed by foreign exchange loss (71 percent) and political risks (70 percent).

81% Indian SMEs prioritising export markets: Shipa Freight study

25 July 2019 10:41 AM IST
July 25, 2019: Shipa Freight, the online global freight service powered by the Agility network, has released a global study of 800 small and...
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The growth received momentum through sea freight and overland, while air freight fell, said the company.

Kuehne + Nagel net turnover up by 5.3% in H1 2019

24 July 2019 12:00 PM IST
July 24, 2019: Logistics specialist Kuehne Nagel Group has reported an increase in net turnover by 5.3 percent, gross profit by 5.5 percent and EBIT...
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The centres will create more than 2,500 full-time jobs and will be used to pick, pack and ship small items to customers such as books, electronics and toys.

Amazon plans twin robotics fulfillment centres in Ohio

23 July 2019 11:20 AM IST
July 23, 2019: Amazon has announced its plans to open two Ohio fulfillment centers, each more than 700,000 square feet — in Akron and Rossford.
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Both the parks come under Irungattukottai micro-market which has a large concentration of medium and small-scale enterprises.

IndoSpace expands with two industrial parks near Chennai

18 July 2019 5:23 PM IST
July 19, 2019: IndoSpace will add two new industrial parks near Chennai - Mevalurkuppam and Koodapakkam - to its existing portfolio of five parks in...
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Radhesh Menon, head, product management and strategy, air cargo LoB, IBS Software with Ariaen Zimmerman, executive director, Cargo iQ.

IBS iCargo receives Cargo Data Management Platform certification

18 July 2019 3:46 PM IST
July 18, 2019: IBS Software, a member of IATA interest group Cargo iQ, has received the Cargo Data Management Platform (CDMP) certification.
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DHL handled the transportation of all the equipment to the city circuit at the Brooklyn Cruise Terminal, including the racing cars and batteries as well as marketing, technical and hospitality equipment.

How DHL transported equipment for Formula E finale in US

15 July 2019 6:25 PM IST
July 15, 2019: While the Formula E finale in the USA was electrifying, it was DHL, as a founding and global logistics partner, that handled the entire...
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Kartik Agarwal, founder and CEO, Staunch

Staunch to introduce 5 new global brands by March 2020

15 July 2019 4:23 PM IST
June 15, 2019: Omni-channel distribution player Staunch recently launched a range of global brands in the Indian market.
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In India, FM Logistic started 19 new customer projects and inaugurated two new multi-client logistics platforms in Bhiwandi (near Mumbai) and Bilaspur (near Gurugram) to cater to the growing demand.

FM Logistic reports 11.8 percent increase in revenues to €1.3 billion

15 July 2019 3:49 PM IST
July 15, 2019: FM Logistic reported revenues of €1,318 million in the year ending March 2019, up 11.8 percent year-on-year, and earnings before...
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Verdis is currently is focused on India and UAE on the supply chain management vertical.

Holisol Logistics launches AI powered supply chain data scientist VERDIS

15 July 2019 3:00 PM IST
July 15, 2019: Delhi-based supply chain organisation Holisol Logistics Private Limited and Gurgaon-based Cogneau Systems Private Limited have launched...
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Personalised medicine factors in gender, weight, and DNA to tailor treatments according to each person’s needs.

DHL, American Airlines Cargo release report on personalised medicine logistics

11 July 2019 3:24 PM IST
July 11, 2019: DHL Global Forwarding and American Airlines Cargo have outlined the logistical challenges and opportunities posed by personalised...
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The company seeks to provide a complete plug and play model for its clients through its online platform.

Start-up Ezyhaul raises $16 million; to expand South Asia operations

10 July 2019 1:49 PM IST
July 10, 2019: Singapore headquartered log-tech startup Ezyhaul has raised $16 million in series B funding to expand to new markets in South Asia.
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