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What does the Amazon Acquisition of Souq Mean?

Amazon has agreed to buy the Middle East’s version of Amazon – Souq.com – in a deal worth more than $650 million. Souq, based in Dubai, was established in 2005 as an online auction site but switched to a marketplace with fixed prices and retail website in 2011. It operates throughout the Middle East and […]

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Are there signs of improvements in the freight forwarding market?

Is freight forwarding on the mend? It’s hard to say based on the few companies that have reported quarterly and year-ending financial earnings so far. The global air freight market appears to be slightly improving. But, many companies continue to note the shift away from air to ocean. However, due to overcapacity within the ocean […]

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