AGP Executive Report
Last update: 10 hours agoLogistics Technology: project44 reported 49% growth in new shipper annual recurring revenue, while shipment-tracking firm Tive passed five million trackers sold. Rail Freight: A $22 million federal grant will fund 200 new grain hoppers and track upgrades for Twin Cities & Western Railroad, boosting capacity and reliability in Minnesota and South Dakota. Network Expansion: Pall-Ex is growing its Benelux freight network, and DP World has completed the first phase of a new warehouse at the Caucedo Economic Zone. Market Outlook: China’s logistics activity rose 4.9% in the first nine months, led by industrial and high-tech manufacturing. But shipping faces fresh uncertainty from reported attacks in the Strait of Hormuz, while Drewry forecasts excess vessel capacity from 2027.
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