Page 22 - Logistics Services News Today

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Freight Management Holdings Pty Ltd ("FMH"), a subsidiary of Singapore Post Limited ("SingPost" and "Group"), has entered into a conditional sale and purchase agreement with the shareholders of Border Express, Australia's 6th largest pallet and parcel distribution operator, for a maximum purchase consideration of A$210 million (approximately S$183 million).

The listing is Saudi Arabia’s second-biggest IPO of the year

Swiss Post is acquiring a stake in the company Steriparc SA, a joint venture for externalized handling of medical equipment in Western Switzerland. Thanks to this partnership, Swiss Post is expanding its logistics services in the healthcare sector, in particular sterile equipment preparation services in Western Switzerland.

Despite Vietnam’s rapid logistics expansion, the sector is at a critical juncture in talent development to sustain its significant expansion and global competitiveness.

Minister of Transport and Logistics Services Eng. Saleh bin Nasser Al-Jasser, who is also Chairman of the Board of Directors of Saudi Arabian Airlines Corporation, sponsored in Riyadh the works of the 56th Annual General Meeting of the Arab Air Carriers' Organization (AACO).

GMW-FTXT, a leading fuel cell company in China, is set to put 16 hydrogen-powered auto carriers into operation, providing logistics services for enterprises in the country. This fleet will provide integrated vehicle transportation services for Chinese logistics companies, creating the world's first large-scale demonstration of commercially viable hydrogen-powered auto carriers.

Logistics services include many types and each one has different characteristics and levels of digital transformation. Tran Chi Dung, member of the Executive Committee at the Vietnam Logistics Business Association, looks at these groups and how resources and investment support such services.

Despite a relatively slower growth during H1 2023, leasing activity picked up in Q3 2023, registering a 55% QoQ growth.

A newly build Fully Logistics Park will span over 1 million square meters at King Abdulaziz Port in Dammam, with an investment nearing one billion Saudi Riyals.