French retailer Auchan does not plan to change its strategy in Russia or the structure of its local operations, the Russian branch of the privately owned company told. Auchan Russia was responding to a request for a comment after a local media report suggested it may cede control
"Among the essential points of Vanguard Logistics' 2022-2025 Global Strategy there are the continuous expansion of our proprietary Network, through acquisition processes (two years ago opened in Sri Lanka, in 2020 we took over the Canadian agent and inaugurated, in 2022, Vanguard Logistics Poland) and the enhancement of this network through the synergistic use of adjacent Countries, as in the case of Italy, France and Spain" - says south Europe general manager Alberto Accetta
Demand for China-Europe rail freight has plummeted since Russia's invasion of Ukraine, but some European customers are "bypassing sanctions" by using Chinese agents. According to Chinese state media, Silk Road rail volumes increased in the first quarter
India's antitrust body launched raids early on Thursday against two top domestic sellers of online retail giant Amazon.com, and some on Walmart's Flipkart, following accusations of competition law violations
Warehousing firm Segro said on Thursday that Russia's invasion of Ukraine added to its construction supply chain and inflationary woes, and could put an upward pressure on rents. London-headquartered Segro said the constraints would further "tighten the supply-demand imbalance"
Container lines and third-party feeder operators are reducing or phasing out services to Russian ports, reports London's Lloyd's List. While major container line companies have reduced calls at Vladivostok in Russia's Far East, domestic operator Fesco appears to have added calls
Kazakhstan is in talks to ship cargoes through the Latvian ports of Riga and Ventspils as well as the Azerbaijan-Georgia-Turkey corridor following European sanctions against Russian shippers, the Central Asian nation's government said on Thursday
Russia's FESCO Transportation Group accepts Chinese yuan from customers, it said this week, as businesses struggle to cope with international sanctions over Russia's invasion of Ukraine. The company said it was also offering customers "various alternative options of payment" for euro
Iraq was the top target for China's Belt & Road infrastructure initiative in 2021, receiving $10.5 billion in financing for projects including a heavy oil power plant, a study published on Wednesday said
Investigations into China's cold-chain sector have led to several managers, officials and business owners being punished for failing to meet COVID-19 prevention standards, the country's corruption watchdog said in a notice
New York - Designers of folding shipping containers hope there will be more demand for their products because of the backups created by the COVID-19 pandemic and other issues, according to a recent Bloomberg report
Tilbury - Climate activists targeted 15 Amazon depots across Europe on Black Friday and the world's biggest e-commerce company also faced protests by workers and delivery drivers in Germany, France and Italy
Nairobi - Deep in Kenya's Great Rift Valley, members of the National Youth Service tirelessly swing machetes to clear dense shrubs obscuring railway tracks more than a century old. It's a distinctly low-tech phase for China's Belt and Road drive in Africa to create the trade highways of the future
London - Chinese e-commerce giant Alibaba Group Holding Ltd slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%
London - Amazon.com Inc is considering dropping Visa as partner on its U.S. co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the United Kingdom as a dispute over payments intensified. The e-commerce giant is in talks with several payment networks including Mastercard Inc, American Express Co and Visa as part of what it called its standard process for reviewing its co-branded credit card agreement
Shanghai - After more than a decade of explosive growth, China's Singles' Day, the world's biggest online shopping fest, is losing its gloss and bracing for more modest growth in coming years, hurt by a slower economy and tighter regulatory scrutiny
Genoa - Navis has announced that it has gone live with its Master Terminal operating system at Inter Modal Logistic (IML) Milano Segrate Terminal (Ignazio Messina & C.). Milano Segrate is currently in the process of updating its inland and intermodal terminals
"We’re looking at temporary measures to avoid any immediate problems, but any measures we introduce will be very strictly time limited," a spokeswoman for Johnson's Downing Street office said in a statement.
Pubblichiamo un intervento della presidente di Fedespedi
The Quad leaders also announced Japan would work with India on a $100 million investment in COVID-19 vaccine and treatment drugs
Chengdu has added eight new overseas stations to its China-Europe freight train routes so far this year. Its China-Europe freight trains can reach a total of 66 destinations in Europe.
Karur - Logistics services major DP World will come up with fresh investments to the tune of around Rs 2,000 crore in Tamil Nadu, including setting up of a new container terminal, cold storage and sea food processing zone among other units. The other projects lined up include a free trade zone with an integrated rail siding, minor port in the Eastern Coast of Tamil Nadu and inland container depots in Erode, Karur and Tirupur
Recently, the Hungarian public company Adria Port invested about 100 m euros in a multipurpose terminal in the Noghere area, on 32 hectares.
Porto di Trieste, D'Agostino: “I 416 milioni del Pnrr? Una leva per altri 500 milioni di investimenti”
"Siamo particolarmente orgogliosi di questo riconoscimento perché è frutto di 5 anni di lavoro intenso e di una progettualità articolata e complessa che ha visto la partecipazione di circa 100 professionisti di grande capacità”
Acciaio, oltre mezzo milione di tonnellate bloccate nei porti. Congestione concentrata a Marghera e Ravenna
“A causa della congestione l'armatore, impossibilitato a sbarcare, si vede incrementare i costi di attesa che possono arrivare fino a 40 mila dollari al giorno per ogni nave”
Truckers are a central cog in the global economy, carrying almost all our goods. If there aren't enough of them, it is likely to drive up prices.
Prague - Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets
New York - E-commerce giant Amazon.com Inc is fielding bids to replace U.S. lender JPMorgan Chase & Co as the issuer on its co-branded credit card portfolio, a person familiar with the matter told Reuters
Suez - Plans have been unveiled by Suez Canal Authority chairman Osama Rabie to widen and deepen 30 kilometres of the waterway between Suez and the Great Bitter Lake, reported Adderbury, England's Bunkerspot. The announcement by Admiral Rabie was also attended by the Egyptian President Abdel Fattah al-Sisi, who gave his approval for the start of work to be completed in 24 months
CN, Canada's biggest railroad, made an unsolicited $30 billion bid for KCS on Tuesday, topping CP's agreed $25 billion bid, but CP said last week it was not considering raising its offer