Skip to content
Search AI Powered

Latest Stories

Global logistics firms expand footprints in Saudi Arabia

Saudi Ports Authority has invested $4.5 billion in the Kingdom’s maritime, logistics and port sector in 2023 as part of Saudi Vision 2030 plan.

Almajdouie Logistics.jpeg

Saudi Arabia is continuing to pour funding into logistics network developments in the Near East nation in accordance with its Saudi Vision 2030 plan, with announcements released this week about deals with Ceva Logistics and with DB Schenker.

The German logistics and transportation provider DB Schenker yesterday announced an alliance with Kaden Companies, a Kentucky-based real estate development firm, to enhance logistics infrastructure in Saudi Arabia. The project will accommodate various verticals, storage modes, and temperature-controlled spaces, according to published reports.


And on Tuesday, Marseille, France-based Ceva, which is the logistics arm of transportation giant CMA CGM, said it has signed a Joint Venture (JV) agreement with Almajdouie Logistics, a logistics provider based in the Kingdom of Saudi Arabia (KSA). Almajdouie provides services including freight forwarding, e-commerce, 3PL, custom clearance, distribution, terminals, road transportation, warehouses, and heavy transportation.

If the project is approved, Ceva would control the majority of the newly established joint venture, which will have around 2,000 employees in KSA and a local fleet of more than 2,000 assets. The venture would target various industry verticals ranging from the conventional Saudi energy and petrochemicals industry to automotive, e-commerce, consumer and retail, the partners said.

According to Ceva, the move would also support the Saudi Vision 2030 plan, which seeks to build a seamless logistics foundation necessary for the nation’s industrial modernization, since most of the cargo used for Saudi Arabia’s giga projects will come from overseas. The Saudi Ports Authority invested $4.5 billion in the Kingdom’s maritime, logistics and port sector in 2023 alone, and has signed agreements to create new logistics parks on both coasts of Saudi Arabia – in the East at King Abdulaziz Port in Dammam, and at Jeddah Islamic Port in the West. 

 

 

 

 

 

The Latest

More Stories

autonomous tugger vehicle

Cyngn delivers autonomous tuggers to wheel maker COATS

Autonomous forklift maker Cyngn is deploying its DriveMod Tugger model at COATS Company, the largest full-line wheel service equipment manufacturer in North America, the companies said today.

The deal was announced the same week that California-based Cyngn said it had raised $33 million in funding through a stock sale.

Keep ReadingShow less

Featured

Study: Industry workers bypass essential processes amid mounting stress

Study: Industry workers bypass essential processes amid mounting stress

Manufacturing and logistics workers are raising a red flag over workplace quality issues according to industry research released this week.

A comparative study of more than 4,000 workers from the United States, the United Kingdom, and Australia found that manufacturing and logistics workers say they have seen colleagues reduce the quality of their work and not follow processes in the workplace over the past year, with rates exceeding the overall average by 11% and 8%, respectively.

Keep ReadingShow less
photo of a cargo ship cruising

Project44 tallies supply chain impacts of a turbulent 2024

Following a year in which global logistics networks were buffeted by labor strikes, natural disasters, regional political violence, and economic turbulence, the supply chain visibility provider Project44 has compiled the impact of each of those events in a new study.

The “2024 Year in Review” report lists the various transportation delays, freight volume restrictions, and infrastructure repair costs of a long string of events. Those disruptions include labor strikes at Canadian ports and postal sites, the U.S. East and Gulf coast port strike; hurricanes Helene, Francine, and Milton; the Francis Scott key Bridge collapse in Baltimore Harbor; the CrowdStrike cyber attack; and Red Sea missile attacks on passing cargo ships.

Keep ReadingShow less
diagram of transportation modes

Shippeo gains $30 million backing for its transportation visibility platform

The French transportation visibility provider Shippeo today said it has raised $30 million in financial backing, saying the money will support its accelerated expansion across North America and APAC, while driving enhancements to its “Real-Time Transportation Visibility Platform” product.

The funding round was led by Woven Capital, Toyota’s growth fund, with participation from existing investors: Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good and Yamaha Motor Ventures. With this round, Shippeo’s total funding exceeds $140 million.

Keep ReadingShow less
Cover image for the white paper, "The threat of resiliency and sustainability in global supply chain management: expectations for 2025."

CSCMP releases new white paper looking at potential supply chain impact of incoming Trump administration

Donald Trump has been clear that he plans to hit the ground running after his inauguration on January 20, launching ambitious plans that could have significant repercussions for global supply chains.

With a new white paper—"The threat of resiliency and sustainability in global supply chain management: Expectations for 2025”—the Council of Supply Chain Management Professionals (CSCMP) seeks to provide some guidance on what companies can expect for the first year of the second Trump Administration.

Keep ReadingShow less