The overheated market and its resilience through September would represent a sharp reversal of the general thinking among industry participants from just one month ago.
It is the carrier’s second massive terminal investment in the Middle East in the past few months and highlights the important role Jeddah plays as an alternative gateway to the war-torn Persian Gulf.
Acquisition-hungry Descartes made its fourth buy this year, taking over freight brokerage technology vendor Tai.
