Kuenhe & Nagel posts growth

Kuehne+Nagel is consolidating four warehouses into a new facility in El Paso, Texas, due to the growing trend of nearshoring, opening on August 5, 2024.

In addition to the Red Sea conflict, recent economic indicators suggest underlying demand growth, particularly in India’s production and export orders.

The facility is ideally situated close to John F. Kennedy Airport and Port Elizabeth, as well as one of the top consumer markets for fashion in the US.

Headquartered in Malaysia and established in 2006, City Zone Express has over 500 employees and operates in Malaysia, Singapore, Vietnam, Thailand, and China.

It is understood that the Swiss-based shipping company has acquired a 50% stake in RHE Rail Hub Europe SpA, located in the Rivalta Scrivia inland port, north of Genoa

The economies of most Caribbean countries were severely impacted by the effects of the coronavirus pandemic and while some recovery has taken place in the region, it has been sporadic and uneven, and trading volumes have been mixed.