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Logistics News

Corporate Expansion;Investments & Funding;Logistics
Corporate Expansion;Investments & Funding;Logistics

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Mexico | 2 days ago
Logistics
Logistics

ADB signs $40 million loan with Arkas Holding for Turkish maritime logistics

The Asian Development Bank has signed a $40 million loan with Arkas Holding to modernise Türkiye's maritime fleet and expand port infrastructure. The investment, ADB's first private sector infrastructure transaction in Türkiye, aims to boost trade along Black Sea and Mediterranean corridors, enhance efficiency, and reduce emissions.

2 days ago • Turkey
Logistics
Logistics

Brookfield and GIC finalize 6.7 billion AUD acquisition of National Storage REIT

Brookfield and GIC have completed the acquisition of National Storage REIT, valuing the enterprise at approximately 6,700 million AUD. The transaction represents the largest ever take-private of an ASX-listed real estate investment trust and solidifies the partners' dominance in the Australasian self-storage market.

2 days ago • Australia and New Zealand
Logistics
Logistics

World Bank approves $200 million for Madagascar multimodal transport project

The World Bank has approved $200 million in financing for Madagascar's Multimodal Transport and Logistics Project, targeting railway, port, inland waterway, and airport infrastructure. The project includes rehabilitation of the Tananarive–Côte Est railway, ports of Majunga and Tulear, 200 km of the Pangalanes Canal, and regional airports, benefiting an estimated 3.8 million people.

2 days ago • Madagascar
Air Force
Air Force

AAR CORP. secures $305 million US Navy contract for C-40A fleet logistics

AAR CORP. has been awarded a $305 million contract to provide comprehensive logistics and maintenance support for the United States Navy and Marine Corps C-40A aircraft. The agreement covers sustainment services, including depot-level repairs and material support, to ensure the long-term operational readiness of the fleet.

2 days ago • United States

Latest News

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.

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