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Author Archives: enterpriseam admin
More logistics M&A coming?
OPEC’s oil production cuts could prompt a surge in mergers and acquisitions in the logistics sector, Supply Chain Digital quotes former Gartner analyst Frank Kenney as saying. A hike in crude prices on the back of production cuts “will impact the supply chain from the top down,” Kenney says. Even if manufacturers and shippers can […]
Saudia Cargo expands cold chain offerings, while Qatar Airways relaunches pharma offerings + Shipsy sets up shop in Riyadh. PLUS: Updates from Thuraya and Dubai Police
AVIATION- Qatar Airways Cargo has relaunched and expanded its pharma transportation offerings, the company said in a statement.The cargo carrier now has five product subcategories to diversify its solutions to customers and optimize its pharma transport solutions, the statement said. Clients will also be sent active container milestones, along with temperature and battery readings of […]
MEF countries agree shipping + transport decarbonization goals + Malaysia Aviation Group makes operating net income turnaround
Increased global cooperation on decarbonizing shipping + transport: Several countries supported the adoption of the 1.5°C-aligned goals for the shipping sector to be presented next July at the International Maritime Organization during a meeting of the Major Economies Forum on Energy and Climate (MEF), according to a statement. Australia, Canada, the EU, France, Germany, Japan, […]
APRIL 25-27 April (Saturday-Monday): World Cargo Symposium, Hilton Istanbul Bomonti Hotel and Conference Centre, Istanbul, Turkey. MAY May: The Suez Canal Economic Zone (SCZone) plans to handover a new 1k-meter container berth to the East Port Said Port. 1-4 May (Monday - Thursday): Select USA Investment Summit, National Harbor, Maryland, USA. 4 May (Thursday): Deadline […]
TODAY: M&A takes the lead in the region + Bahrain and Qatar make progress on public roads projects
Good morning, friends, and welcome to the final breaths of Ramadan. The news slowdown is good and well upon us as the region gears up for Eid El Fitr, although there’s just enough happening — particularly on the M&A front — to keep things interesting. A quick programming note: Enterprise Logistics will be off from […]
Agility subsidiary Menzies Aviation to acquire a controlling stake in Portugal’s Groundforce
Menzies Aviation will get a 65% market share in Portugal through the acquisition
Egytrans board approves NOSCO takeover bid
Egytrans is one step closer to acquiring NOSCO via a share swap: Egyptian logistics firmEgytrans’board of directors approved the acquisition of Egyptian trucking firm the National Company for Transportation and Overseas Service Company (NOSCO) at a meeting yesterday, it said in a statement (pdf). The transaction will see the company acquire 99.9% of NOSCO’s shares […]
MENA e-commerce giant Noon has cut 10% of its jobs to save on costs
Noon started layoffs a year and a half ago