AGP Executive Report
Last update: 12 hours agoEastern Europe Expansion: DHL plans to invest more than $447 million by 2030 in warehousing, freight, supply-chain technology and express services across Poland, the Czech Republic, Hungary and Romania, including a new air-freight terminal in Katowice. Shipping Disruption: Rising attacks and severe security risks around the Strait of Hormuz are driving oil-shipping costs sharply higher, threatening supply chains and adding pressure to fuel and grocery prices. Carrier Results: J.B. Hunt’s third-quarter revenue rose 20% to $3.68 billion, but diesel, driver-hiring and cargo-claim costs topped $50 million, highlighting the expense of ramping up capacity. Regional Leadership: DP World named Jason Varsamidis CEO and managing director for Asia Pacific, where he will oversee ports, terminals and logistics operations across 22 markets. Dubai Hub: Gargash Prime and JD Property plan a 2.5-million-square-foot logistics facility, adding capacity as the UAE strengthens its role as a regional distribution centre.
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