Author: RAK

DP World has completed the acquisition of the Hong Kong-based supply chain provider Cargo Services Far East Ltd. Post the acquisition, UAE-based DP World plans for full integration over the next few months. By the end of 2024, it will be offering services through 200 freight forwarding offices, covering 95 per cent of global trade […]

The Digital Freight Alliance (DFA), DP World’s freight forwarder association, has reported a massive growth in numbers underscoring the increasing demand for digital solutions in the supply chain sector. “Surpassing 7,000 members in such a short timeframe is a remarkable achievement for the platform. It demonstrates the need and value for an organisation such as […]

FedEx Corp. is laying off an undisclosed number of workers across the organization, despite posting stronger-than-expected quarterly results last week, as the company strives to hit targets for right-sizing the company. Meanwhile, parcel delivery rival UPS (NYSE: UPS) will eliminate more than 300 positions at its regional air hub in Ontario, California, because of slower volume. […]

WASHINGTON — The Biden administration acknowledged that its aggressive push to decarbonize trucking will be costly — but that the federal government will be here to help. Read More