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Logistics VC funding flows toward developing nations in search of steep growth
Latest financial backing reaches out to tech startups in Africa, Latin America.
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Global
Chinese container port congestion could soon worsen product shortages, forecasts show
Delays are even worse at Shanghai and Ningbo than Los Angeles and Long Beach, due to Covid, extreme weather, electricity rationing.
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Seko Logistics acquires Bansard International
3PL makes its largest acquisition to date, adding Paris-based Bansard International into the fold.
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UPS Healthcare expands global cold chain logistics network
Marken, UPS Healthcare's clinical trial logistics unit, adds capacity to support rising demand for cell and gene therapies.
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North America makes strides in global sustainability performance
Globally, companies perform strongest within the labor and human rights category; 65% of companies still lack sustainable procurement commitments, according to EcoVadis study.
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Covid shutdowns at Chinese ports squeeze container rates
Pandemic problems at Yantian caused container prices to triple between June and August, Container xChange says.
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Container freight stumbles as Covid shuts China’s Ningbo port
Impact less significant than Yantian Port closure in May, but holiday peak import delays loom for U.S. importers.
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Logistics real estate market shows no signs of slowing
E-commerce trends, warehouse needs, and sustainability drive logistics real estate demand, JLL report shows.
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Container xChange expands online leasing platform to tank containers
Acquisition of four-year-old firm TankContainerFinder.com could help bring relief to congested shipping sector, company says.
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Kuehne+Nagel brings on private equity partner to help Apex unit ride e-commerce boom
German owner sells 24.9% equity stake in Asian freight forwarder to Partners Group, now plans to add new routes, grow healthcare footprint, seek acquisitions.
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