Clean up your act, Egypt transport minister tells rail officials
Egypt’s transport minister took aim at an embattled railway authority that’s seen a recent spate of accidents, claiming officials there have obstructed his efforts to…
Hong Kong’s Lalamove files confidentially for $1 billion US IPO
Hong Kong’s on-demand logistics and delivery firm Lalamove has filed confidentially for a U.S. initial public offering, according to people with knowledge of the matter.
One of world’s busiest ports is back to business after Covid jam
Yantian International Container Terminals, which handles cargo at one of the world’s busiest container ports, will restore normal operations after a Covid-19 outbreak caused a…
Billionaire Birla won’t buy firms with global supply chains
Indian billionaire Kumar Mangalam Birla, who oversees the $46 billion Aditya Birla Group spread across 36 countries, is no longer keen to acquire any firm…
China’s bid to join trade pact raises alarms, US lawmaker says
China’s efforts to join a regional trade deal that originally aimed to exclude Beijing “should set off alarm bells” in Washington, where a growing number…
Alibaba alum becomes billionaire with IPO for China startup
Former Alibaba Group Holding Ltd. employee Zhang Hui is the latest Chinese entrepreneur to join the ranks of billionaires after his Uber-like trucking startup went…
China’s Full Truck climbs in debut after $1.6 billion IPO
Full Truck Alliance Co., an Uber-like trucking startup, rose 13% in its trading debut after raising $1.6 billion in one of the year’s biggest U.S.…
Airlines count on Zoom fatigue to revive business travel
After more than a year stuck on video calls, company executives are ready to hit the skies and meet customers face to face again, fueling…
Alpine Investors’ ASG acquires Trucker Tools, the trucking industry’s most popular driver app
ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, today announced that it has acquired Trucker Tools, the market leading…
CBRE: US will need 330M Sq. Ft. of additional distribution space by 2025 to meet robust e-commerce demand
With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft.…
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