In terms of logistics, Africa is one of the most exciting investment opportunities anywhere in the world, according to Sub-Saharan Logistics 2012, a report from Transport Intelligence, or Ti. Its untapped natural resources are vast, and foreign direct investment has poured in as Africans' purchasing power grows.
Virgin Atlantic Cargo will begin daily passenger and cargo flights between Mumbai, India and London Heathrow airport, with connections to major U.S. gateways, on Oct. 29.
Regal Logistics has purchased a new distribution center in the Los Angeles area. The facility in Garden Grove, Calif., offers 120,000 square feet of warehouse space.
APL Logistics has signed an agreement to acquire all of the shares in APLL-Zhiqin Group, a Chinese joint venture partnership that has also included Legend Holdings Co., Ltd. and Beijing Willway Information Technology Co., Ltd.
The primary business of a port is serving as a hub for water-borne commerce and all of the logistics that entails, with each port competing for the business of shippers and container operators. Every investment made by a port authority, from a crane to a dredge to a security checkpoint, must be based on how this activity will not only position the port to current customers, but how it will affect the attraction of future customers.