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Author Archives: enterpriseam admin
Posted inLogistics in the News
UPS reports lower 1Q 2023 revenue as freight volumes remain strained
UPS’ revenues fell 6% y-o-y in 1Q 2023 to USD 22.9 bn, according to the company’s earningsrelease (pdf). The quarter’s revenues fall short of analysts' average estimate of USD 23 bn, which “demonstrates that the economy is slowing and the company is seeing volume risk in 2023,” Third Bridge analyst Anthony DeRuijter said, Reuters reports. […]
Posted inAlso on Our Radar
Egypt’s AAST to roll out locally-made electric cargo EV next month
AAST to launch two models of light EVs over the coming six months: Egypt’sArabAcademy for Science, Technology and Maritime Transport (AAST) is working to start rolling out its first locally-made electric cargo transport vehicle next month, Dean of Applied Research at the AAST Mohamed El Ghamry told Egyptian state-run MENA news agency. The car aims […]
Posted inAround the World
US wants a blanket ban on exports to Russia
The US is pushing for a complete export ban on Russia: G7 countries are considering a US proposal for a blanket ban on exports to Russia as western nations look to tighten the screws on the Russian economy, the Financial Times reports. EU and Japanese officials have distanced themselves from the idea, with one official […]
Posted inCalendar
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 hand over a new 1k-meter container berth to the East Port Said Port. May: The ArabAcademy for Science, Technology and Maritime Transport (AAST) will roll out its first locally-made […]
Posted inWhat we're tracking today
TODAY: Iraq to inaugurate rail link to Turkey in 2024 + MENA countries fare well in World Bank Logistics Index
Good morning, friends. We hope you all had a wonderful, restful Eid break and are easing back into the usual flow of the workweek with the caffeinated beverage of your choice. We’ve got everything you may have missed on the logistics front from the past week in the MENA region and beyond — let’s dive […]
Posted inRail
Iraq to launch rail link project with Turkey in early 2024
An Italian company has submitted a feasibility study for the project
Posted inProjects
Kuwait to auction new airport cargo village
Bidding for the project will include design, construction, management, operations, and maintenance
Posted inM&A Watch
AD Ports’ Maqta Gateway acquires digital border control solutions provider TTEK
The acquisition will be a boon for Maqta’s expansion efforts