Integrated logistics solutions
Search documents
ShipTime Acquires Warehowz to Expand North American Capabilities
Prnewswire· 2026-02-05 13:30
Core Insights - ShipTime Canada Inc. has acquired an 80% ownership stake in Warehowz, Inc., enhancing its logistics capabilities and supporting enterprise-level shippers [1][3] - The acquisition aligns with ShipTime's long-term vision to expand its market presence in North America and invest in intelligent logistics technologies [3][7] Company Overview - ShipTime is a logistics technology platform that provides advanced shipping solutions, aiming to help businesses lower costs and improve delivery reliability [10] - Warehowz is a North American on-demand warehousing and fulfillment marketplace, offering flexible storage and fulfillment options through a network of over 2,500 warehouses [2][11] Strategic Benefits - The integration of Warehowz into ShipTime's ecosystem allows for improved inventory management, faster delivery, and greater control and visibility across the supply chain [2][4] - The acquisition strengthens ShipTime's existing courier network, which includes major players like FedEx, UPS, and DHL, enhancing its service offerings [4][5] Growth Strategy - ShipTime's recent introduction of its platform to U.S. merchants is expected to accelerate growth in the eCommerce and enterprise shipping markets [7] - The combined warehousing, fulfillment, and shipping tools will provide end-to-end logistics solutions, supporting scalability during peak seasons and improving operational flexibility [8][9]
DP World and Hapag-Lloyd Extend Partnership for Next Decade at Port of Santos
Globenewswire· 2025-10-09 13:00
Core Insights - DP World has renewed a long-term agreement with Hapag-Lloyd for container-handling operations at the Port of Santos, securing collaboration for the next decade [1][4] - The renewal coincides with DP World's major expansion of its Santos terminal, which will extend the quay to 1,290 meters and increase annual handling capacity to 1.7 million TEUs by 2026 [2] - DP World is expanding its logistics network across Brazil, including new freight forwarding offices and a partnership with Rumo to build a terminal with an additional 12.5 million tons of annual grain and fertilizer handling capacity [3] Company Developments - The agreement with Hapag-Lloyd ensures long-term stability and access to DP World's growing capacity at Santos, enhancing predictability and efficiency for customers [4] - DP World handled a record 1.25 million TEUs at the Port of Santos in 2024, marking a 14% year-over-year increase, driven by expanded container services and rising trade volumes [5] - Investments in Brazil are part of DP World's broader growth strategy across Latin America, with ongoing projects in Ecuador, Peru, Chile, and the Dominican Republic [5]