Strikes in Europe

Amazon's Black Friday greeted by climate activists

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

Insight

African nations mend and make do as China tightens Belt and Road Initiative

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

As competition bites

Alibaba slashes sales outlook

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%

As partner on U.S. credit card

Amazon may drop Visa

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

As growth slumps to single digit amid crackdown

China's Singles' Day loses lustre

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

Ignazio Messina & C.

Navis integrates Master Terminal at Milano Segrate Terminal

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

India

DP World to invest Rs 2,000 crore in various Tamil Nadu projects

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

Manufacturers seen moving to southeastern Europe

Pandemic seen driving southeastern Europe warehouse boom

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

In two years

Suez Canal to widen, deepen 30 kilometres of channel

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

Shares soar

Ebay earnings beat on pandemic-driven surge in online shopping

New York - E-commerce firm eBay said on Wednesday it would emerge "stronger" from the COVID-19 crisis after a pandemic-driven surge in online shopping helped the company beat estimates for sales and profit in the holiday quarter. Shares of the company were up nearly 10% in extended trade. The global health crisis has forced millions of Americans to stay indoors, leading to a jump in online orders for e-commerce companies including eBay, Amazon and Walmart

Coronavirus

Historic U.S. COVID vaccine campaign launches with convoy of trucks

Three trucks carrying pallets of boxed, refrigerated vaccines rolled away from the Kalamazoo facility at 8:29 a.m., escorted by body armor-clad security officers in a pickup truck and a SUV. The United States expects to immunize 100 million people, or about 30% of its population, by the end of March

From Basel

Swissterminal expands intermodal portfolio, new barge service to Rotterdam and Antwerp

Basel - Switzerland-based integrated logistics provider Swissterminal AG and its partner DP World have announced the introduction of a regular barge service from Basel-Kleinhüningen and Basel-Birsfelden to various deepsea terminals at the ports of Rotterdam and Antwerp, starting 1 January 2021. With the launch of this new intermodal product, Swissterminal offers two roundtrips each week to Port of Antwerp and Port of Rotterdam

Project cargo

Fortune Italy load heavy lift cargo at Marghera

Venezia - Fortune International Transport in Italy have recently loaded a complete new high pressure separator including all equipment at Marghera in Venice with the destination of China. The heaviest piece weighed 90tn with three additional pieces at 40tn each as well as other cargo in cases totalling 500cbm as a whole shipment