The world's largest package delivery company UPS has unveiled plans to build a new USD 200 million package operations facility in Arlington, Texas, to cater for growth in the Dallas-Fort Worth area.
The company said that the facility would span more than 1.1 million square feet on more than 110 acres and is scheduled for completion in 2018.
UPS's Red River District president Craig Wiltz said: "The new Arlington building is part of the strategic investments UPS is making to dramatically improve the efficiency and connectedness of our hubs, package centres and transportation network.
"This project is part of our ongoing efforts to keep p...
DHL eCommerce, a division of Deutsche Post DHL Group, is expanding its service offering in Thailand by enhancing its nationwide coverage with next day delivery outside Bangkok in major provinces, rural and remote areas, as well as extending pick-up service to small e-commerce merchants to meet its growing customer demands.
The company said the move aims to capitalize on the booming Thai e-commerce market that is expected to triple in size to EUR3.6 billion (USD 3.81 billion) between now and 2020.
Launched in January 2016 in Thailand, DHL eCommerce offers end-to-end domestic delivery services and easy access for local businesses to expand globally through B2C inter...
The Confederation of Indian Industry has said, trade between India and the UAE is set to hit USD 100 billion by 2020, up from the current USD 60 billion.
Confederation of Indian Industry (CII) said in a statement released here, "This is evident in the growing interest by the Indian companies towards the Middle East markets and in particular the UAE and efforts made by the Ministry of Commerce & Industry and CII to further strengthen the trade and investment ties.”
Currently, the trade between Indian and the UAE is estimated around USD 60 billion, it said.
The statement was issued on the sidelines of the Middle East Electricity Exhibition ...
China has launched a new rail and road cargo service linking Guangdong, Tibet and Nepal.
The new cargo service aims to boost trade with the South Asian neighbours as China pushes ahead with its Belt and Road initiative.
The first train departed from the Tibetan border port of Gyirong en route to Kathmandu carrying goods worth USD 2.8 million, including shoes, clothes, hats, furniture, appliances, electronics and building materials.
The first leg of the service covers the 5,200-kilometre distance between Guangzhou, capital of Guangdong Province, and Xigaze in Tibet.
Trucks then haul the cargo over the remaining 870 kilometres of the journey, c...
FedEx Corp has posted a second-quarter net profit of USD 700 million on revenues of USD 14.9 billion for the quarter, year-over-year increases of 1.3% and 19.2%, respectively.
Despite revenue growth across all business units in the second quarter, which ended November 30, the results lagged Wall Street expectations and the company's stock fell nearly 3% in after-market trading.
FedEx chairman, president and Chief Executive Officer (CEO) Fred Smith said in a statement that the company's integration of Dutch rival TNT Express, which it acquired last year, was "proceeding smoothly and according to plan."
FedEx in late May officially compl...
Agility has been awarded a six-year warehousing and logistics contract with Sweden-based Amring, a wholesaler that sells and distributes tyres, rims, complete wheels and related articles for passenger vehicles, trucks and commercial vehicles.
Following the award, Agility announced plans to expand its Gothenburg logistics centre from 8,350 sqm to 23,000 sqm.
As part of the contract, it will provide warehouse services to Amring, as well as bespoke, value-added services including mounting/assembling of wheels.
Agility will coordinate inbound and outbound transport for Amring, and also provide Amring with supply chain assessment and consulting services....
DHL eCommerce plans to open an outbound cross-border eCommerce distribution centre by April 2017 in Narita, Japan, in a move to widen the range of e-commerce logistics services available to e-tailers and marketplaces operating in the country.
At the same time, new shipping products will offer greater choices to reach consumers in Europe, US and the UK and the services will focus on reliability and value-for-money and will be tailored according to the unique needs of e-tailers and marketplaces in the Japanese market.
This latest development by DHL eCommerce will help drive Japan's booming cross-border e-commerce market, which is growing at a compound annual gro...
Iron ore exports jumped 54% to 8.46 million tonnes (mt) in the first half of the Iranian year, to September 21, despite the Iranian government’s policy to halt exports of raw materials, official customs statistics show.
Official statistics also show the Iranian steel industry imported 65,000 mt of iron ore pellet, a 93% year-on-year drop. Iran also imported 98,400 mt of metallurgical coal in the same period, down about 76% year on year.
Met coal imports are not expected to rise because the government has imposed a 15% import duty and imports are restricted to support domestic mines. Also, one of the three blast furnaces of Esfahan Steel Company the only impo...
DHL Global Forwarding has recorded a 2% year-on-year increase in air freight export tonnage during the third quarter to 520,000 tonnes, ending 5 consecutive quarterly demand declines.
However, air freight turnover in the third quarter fell by 8.8% compared to the same period a year earlier and gross profits for the mode fell by 5.2% to EUR 220 million (USD 241.3 million).
The improvement in demand also lags behind Kuhne + Nagel's growth of 3.8%, Panalpina's 10% and DSV's 84.5%, although the latter two benefitted from acquisitions.
DHL Global Forwarding was cited as saying: "New business acquired in the first half of the year is beginnin...
FedEx has unveiled plans to invest a total of EUR1.4 billion (USD 1.535 billion) in its logistics hub at Paris Charles de Gaulle (CDG) airport, including an investment of EUR200 million in a new facility and a 30-year lease.
The investment will involve the creation of a new sorting facility that will open in 2019, with construction scheduled to commence in summer 2017, and will create up to 400 jobs. FedEx said the new facility will the raise package sorting capacity 40% and become one of the world's most advanced express logistics hubs.
Upon completion, the CDG hub will include an automated sorting system for large, over-sized packages, which is a first for t...