Almost all logistics organizations will either increase or maintain their current levels of investment in new IT systems and technologies over the next 12 months.

The global logistics industry generated $9.83 trillion in 2022, meaning the sector will experience a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032.

Scientists predict an exceptionally intense El Niño pattern, reminiscent of the patterns observed in the early '80s and late '90s.

The strike at ports that handle about a quarter of Canada’s total traded goods reduced arrivals of container ships and diverted vessels to U.S. facilities.

Redwood said that the acquisition of Rockfarm and Global Distribution and Logistics “fortifies” the company’s modern fourth-party logistics (4PL) services.

Inventory levels in the logistics industry, which recorded a score of 42.9 during June 2023, are contracting at the second-fastest rate in LMI history.

KOBC will be in charge of securing funding for the centers while CJ Logistics will be responsible for operating the facilities.

IMMEX is a program that enables foreign companies to operate in Mexico under a preferential, low-tax cost structure.

The deal will see Kegstar offer its kegs and services to Scotland, Germany and Australia with additional plans to expand across Western Europe at a later date.