AGP Executive Report
Last update: 2 hours agoLogistics Growth: Aramex reported record third-quarter revenue of $517 million, up 24% year over year, with freight forwarding leading growth. Legacy Supply Chain is opening an 800,000-square-foot multi-client e-commerce fulfillment center in Indiana, with operations starting this month. Freight Disruptions: A nine-day truckers’ strike at Chile’s Port of San Antonio has ended after operators won an 8% rate increase, allowing export logistics to resume during cherry season. In Bangladesh, fruit exports fell 76% in the first quarter as shipping disruptions and near-quadrupled freight costs hit shipments. Warehouse Technology: ASICS says inventory drones at its Mississippi distribution center helped recover misplaced stock 60% faster, while Glīd Technologies won an award for road-to-rail freight systems aimed at connecting manufacturing and distribution networks. Trade Conditions: Global export growth slowed in October as shipping costs rose, while a cargo backlog at Bangkok is disrupting imports and exports.
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