E-commerce will struggle to take off in Africa without better connectivity and significant improvements to infrastructure, particularly on last-mile segments.
McKinsey Global Institute projects that e-commerce will be worth $75bn in Africa’s leading economies by 2025. But lack of internet …
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US digital-first freight forwarder Flexport has secured “a truly outstanding” $1bn in a new funding round led by Japanese tech investment behemoth SoftBank.
Flexport said the cash would be used to “deepen its technology and data capabilities, grow its global …
ANTONOV Airlines has flown a communications satellite, the GSAT-31, for the Indian Space Research Organisation (ISRO) and Flywell Aviation, from HAL Bengaluru Airport, India (VOBG) to Cayenne Félix Eboué Airport, French Guiana (CAY).
The post Antonov Airlines carries satellite for …
Both of the major east-west tradelanes recorded significant falls on today’s Shanghai Containerized Freight Index (SCFI), reflecting an increasingly soft demand environment.
The Asia-Europe components of the SCFI saw container spot rates for North Europe decline 8.3% to $831 per …
I had the pleasure of talking to Flexport chief executive Ryan Petersen yesterday soon after news emerged that the Silicon Valley disruptor had wrapped up a massive $1bn funding round via a consortium led by SoftBank’s Vision Fund.
Most of …
AP Møller Maersk recorded an underlying profit of $120m in the fourth quarter of 2018, to take its full-year profit to $220m.
But the Danish transport and logistics group is pessimistic in its outlook.
Chief executive Soren Skou said the …
