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Is e-commerce king? E-commerce giant Amazon topped UPS in parcel delivery volumes in 2022, and FedEx in 2020, with margins set to widen further this year, reported the Wall Street Journal (WSJ), citing Amazon data disclosed by an unnamed internal source. Internal forecasts see Amazon handing over 5.9 bn parcels by the close of this […]
Author Archives: enterpriseam admin
Posted inAlso on Our Radar
Andoc, Etihad Rail to establish Abu Dhabi-Al Dhannah railway + Saudi Arabia invests in OMNIC for parcel lockers
RAIL- Adnoc and Etihad Rail to establish Abu Dhabi-Al Dhannah railway services: The distribution arm of the Abu Dhabi National Oil Company (Adnoc) and Etihad Rail have joined forces to establish railway services connecting Abu Dhabi and Al Dhannah, Emirati news agency Wam reports. The two companies will also share knowledge and expertise, Wam said, […]
Posted inAround the World
Russia transports 21% of LNG exports through EU ports, despite sanctions + US-China decoupling is leaving a mark
EU ports are helping facilitate transshipments of Russian LNG, despite imports being banned by the UK and Netherlands, Financial Times reports. EU-Permitted Russian LNG shipments are regularly transferred between tankers in Belgian, French and Spanish ports, before being transported to buyers in other countries, like China, Japan and Bangladesh. This accounted for 21% of Russian […]
Posted inCalendar
NOVEMBER Mid-November: Third Caspian Economic Forum, Iran. November: Iran-UAE Joint Economic Cooperation Commission. September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE. 28-30 November (Tuesday-Thursday): Antwerp XL, Antwerp Expo, Hall 4, Antwerp, Belgium. 30 November-3 December (Thursday-Sunday): Handling Expo, Egypt International Exhibition Center, Cairo, Egypt. September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE. DECEMBER 3-7 December […]
Posted inWhat we're tracking today
TODAY: DP World breaks on logistics park in Egypt’s Ain Sokhna port + Israeli shipping firm reroutes vessels amid attack threats
Good morning, lovely people. We have another relatively tight issue for you this morning, with some updates on maritime tensions in the region, the ongoing drought in the Panama Canal, and a lot of collaboration and consolidation happening in Saudi Arabia. THE BIG LOGISTICS STORY- There’s no single big logistics story this morning, but attention […]
Posted inM&A Watch
Saudi conglomerate Asyad Holding nabs 49% stake in Swissport Saudi Arabia
The transaction is subject to regulatory approvals
Posted inAviation
Saudia Cargo, Cainiao, and WFS are collaborating to boost cargo handling at Belgium’s Liege
The collaboration will establish a new air cargo station in Belgium, and extend the contract for handling 50k tonnes of cargo for flights connecting Liege and Riyadh
Posted inDebt Watch
KSA’s PIF secures USD 3 bn syndicated loan to finance Korean imports
The lenders will initially disperse USD 3 bn, while the loan size can increase to USD 5 bn