DP World, a UAE-based port operator, is set to expand its operations in India to address trade bottlenecks. CEO Sultan Ahmed Bin Sulayem highlighted plans for more industrial parks and enhanced logistics capabilities to improve the flow of goods amid ongoing challenges in the sector. The company already operates ports in India and has invested in rail connections.
Labor strikes have paralyzed Canada's container ports, significantly disrupting U.S. trade, with the Port of Vancouver and Prince Rupert affected. The International Longshore and Warehouse Union's strike follows stalled negotiations, impacting vital supply chains ahead of the holiday season. Delays in rail and cargo processing are expected to exacerbate existing logistics challenges, as the U.S. relies heavily on these ports for imports.
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