Egypt Freight and Logistics News

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• June 2024: Third-party logistics giants like Delhivery and Xpressbees shifted focus from traditional e-commerce to the rapidly growing quick-commerce industry. This shift comes in response to a surge in demand from platforms like Swiggy Instamart, Blinkit, and Zepto. Delhivery, headquartered in Gurgaon and renowned as the largest player in the third-party logistics realm, has initiated the management of expansive warehouses for Swiggy Instamart. These warehouses cater to small dark stores and fulfillment centers in urban locales. Concurrently, Xpressbees, hailing from Pune, is actively exploring partnerships to make its foray into this dynamic market.
• February 2024: Shadowfax, a key logistics service provider for hyper-local and on-demand delivery firms in India, secured a substantial USD 100 million in its latest funding round. This funding comes behind an impressive 35% annual growth rate. Shadowfax's expansive network now spans 2,500 cities and over 15,000 zip codes. The company boasts a remarkable daily delivery volume, handling more than 2 million packages, and has garnered a user base exceeding 3.5 million.

• December 2023: Aerovision Technology Limited, ATL, and Hong Kong Air Cargo Terminals Limited agreed to install ATL's proprietary intelligent cargo temperature detection system in appropriate locations within Hactl's SuperTerminal 1. To cope with the increasing volume of hazardous air cargo and to mitigate the risk of fire, it will further enhance the safety and reliability of cargo inspections.
• October 2023: A new cargo development agreement, doubling the capacity between China and Bournemouth, signed by Cargo First, the air freight business at Bournemouth Airport. The service is provided by European Cargo, based in Bournemouth, using its fleet of 76-tonne A-340 all-cargo freighters.
• May 2023: FedEx launched FedEx Sustainability Insights for customer emissions tracking. This cloud-based engine uses near-real-time FedEx network data to estimate CO2e emissions for individual tracking numbers and FedEx.com accounts.
• May 2023: FedEx Express improved its international delivery services to cater to customers' increasing demand for dependable and diverse services in Asia-Pacific. Customers can now access FedEx International Economy (IE) services connecting Asia-Pacific to 170 markets worldwide.

• June 2023: Kuehne+Nagel, a global logistics company, marked an agreement to acquire Morgan Cargo, a leading South African, United Kingdom, and Kenyan freight forwarder specializing in transporting and handling perishable goods. The acquisition strengthens the company's perishables logistics service offering while enhancing connectivity for customers to and from South Africa, the United Kingdom, and Kenya, which includes state-of-the-art cold chain facilities.
• April 2023: DHL Global Forwarding signed an MoU with Turkish Cargo to extend its operations to SMARTIST, a cargo facility for Turkish Cargo at the Istanbul airport. This agreement enhances the company's operation efficiencies and further boosts Istanbul's ability to emerge as a global logistics hub.

• August 2023: Digital logistics provider and freight brokerage Convoy unveiled an offering for just-in-time (JIT) trucking, with a pledge of delivery within 15 minutes of the set arrival time. Convoy spotted an opening for a more flexible service that gives shippers the ability to scale up and down in response to fast-changing conditions. Its new JIT service leverages a network of over 400,000 trucks and the IT infrastructure to find matching carriers to meet specific shipper requirements.
• February 2023: Echo Global Logistics Inc. (Echo), one of the leading providers of technology-enabled transportation and supply chain management services, launched EchoInsure+, a new and integrated, full-coverage cargo insurance product offered exclusively to Echo’s clients. By partnering with insurance group Falvey, EchoInsure+ offers an easy way for clients to access best-in-class protection for their LTL shipments through EchoShip, Echo's proprietary online shipping platform, and Echo’s representatives.

• January 2024: Snowman Logistics initiated operations at a newly leased multi-temperature-controlled warehouse in Guwahati, Assam. The total capacity of the warehouse is 5,152 pallets, and this facility features eight chambers and four loading bays equipped with the latest infrastructure. Specifically designed to accommodate products from ambient temperatures to minus 25 degrees Celsius, the warehouse will primarily provide storage, handling, and transportation services for ice cream, poultry, ready-to-eat food, dairy products, confectionery, bakery products, seafood, fruits, and vegetables. Other products include pharmaceuticals, specialized chemicals, and various commodities. With this expansion, the company’s overall pallet capacity has soared to 1,41,000+ pallets, strategically distributed across 20 cities, thereby expanding its foothold in Northeast India.
• December 2023: TCI Express, with its rapidly expanding Rail Express vertical, bolstered its customer base from 250 to 2,200, extended its network from 10 routes to 125, and efficiently ensured optimal capacity utilization, thereby boosting industry growth and efficiency. TCI Express prioritizes railway delivery for cost-effective express services, optimizing economies of scale at its branches and along routes to provide efficient logistics solutions to its customers.

• January 2024: SITC signed a framework agreement with Xiamen Port Holdings Group on January 2024, aiming to boost logistics jointly. Headquartered in Hong Kong, SITC is an intra-Asia shipping logistics company. The new agreement will see the two parties focus their cooperation on route network layout, international transit, complete logistics service chain, cross-border e-commerce, hinterland cargo source expansion, port intelligence, and digital transformation.
• May 2023: Mazagon Dock Shipbuilders enters the container manufacturing business after receiving an order from the Container Corporation of India Ltd (CONCOR) for 2,500 cargo-carrying steel boxes.
• January 2023: AP Moller-Maersk (Maersk) announces the completion of its acquisition of Martin Bencher Group, a Danish Project Logistics expert with premium capabilities within non-containerized project logistics and global operations. With the addition of Martin Bencher, they are strengthening their ability to offer project logistics services to their international clients while providing a more comprehensive offering to various industries.

• February 2024: Kenan Advantage Group, the largest tank truck transporter and logistics provider in North America, acquired Northern Dry Bulk, a company specializing in the transportation and storage of plastic resins for clients in the automotive, packaging, and electronics sectors across the United States and Canada. This acquisition brought 36 tractors, 91 trailers, and two terminals with two maintenance bays, along with warehouse space and trans-loading capabilities, into the KAG portfolio.
• April 2023: Trimac Transportation announced the acquisition of American Industrial Partners (AIP) Logistics, a Central Ohio-based company specializing in bulk terminal services, transportation, and warehousing for various industries, including plastics, liquid chemicals, food-grade storage, and metal production. AIP operates a fleet comprising 13 tractors and 119 trailers alongside other yard vehicular equipment. The 52-acre facility, situated in Wapakoneta, Ohio (18 miles south of Lima, Ohio), features cold, dry, and food-grade warehousing, bulk trans-loading, and storage facilities with access to the CSX Transportation rail line, as well as dry van, reefer, dry bulk, and bulk liquid transportation services.

August 2023: BBM Logistica SA, a Brazilian road logistics transport company, announced the renewal of its contract with CMPC Celulose Riograndense for another five years until 2028. As per the agreement, BBM will invest USD 10.21 million in new equipment and logistics infrastructure to strengthen its operations in transporting wood from extraction fields to pulp and paper factories.

July 2023: DHL Express (a global logistics company) announced the expansion and modernization of its Distribution Center in Goiás while expanding its operations and presence in Extrema Minas Gerais, mainly for sectors such as pharmaceutical and retail fashion.

• July 2023: DHL Supply Chain, one of the world’s leading logistics companies and part of DHL Group, continues its strategic investments in emerging markets and fast-growing economies. Today, DHL Supply Chain announces a landmark investment of EUR 500 million into the strategically located Latin American markets. These investments made until 2028 are supposed to strengthen DHL’s operations in Latin America.

• June 2023: Japanese automaker Toyota will invest USD 328 million to produce a new hybrid model of its popular Tacoma pickup truck in Mexico. The company plans to expand its factory in the central Mexican city of Guanajuato, where Toyota already produces its Tacoma truck line for the North American market.

June 2023: Emergent Cold Latin America announced the acquisition of Hook Chile, a prominent driver in the country’s salmon industry and food importer. Hook Chile operates two high-quality installations with fresh land for unborn expansions that could double the living capacity. First is a pallet storehouse in San Antonio, strategically located near the Port of San Antonio and the roadways connecting Chile’s main metropolitan areas.

February 2023: Emergent Cold Latin America, a growing refrigerated storehouse and logistics service provider, announced the acquisition of Multifrigo, a leading driver in Santiago – Chile’s capital and largest megacity. Emergent Cold LatAm also blazoned plans to expand Multifrigo’s central automated installation in El Olivo to 35,000 pallet positions or triple its current size, creating fresh capacity and service immolations.