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DP World reports record revenue of $20.0 billion and EBITDA of $5.5 billion

Posted on 17th March 2025 at 18:41
 
DP World reports record revenue of $20.0 billion and EBITDA of $5.5 billion 
 
DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%. 
 
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RHA launches industry wide Net Zero survey

Posted on 11th March 2025 at 13:27
 
RHA launches industry wide Net Zero survey 
 
The RHA has launched an industry wide survey on Net Zero. The new survey which seeks input from across the road transport sector will be open until April and will help to inform the association's work with Government and other stakeholders involved in delivering HGV, coach and van decarbonisation. 
 
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100,000 containers now moved by rail in DP World’s Modal Shift Programme

Posted on 11th March 2025 at 13:18
 
100,000 containers now moved by rail in DP World’s Modal Shift Programme 
 
DP World has recorded the 100,000th container moved by rail from its Southampton logistics hub as part of its award-winning and carbon emission reducing Modal Shift Programme trial. 
 
The share of rail freight for onward journeys by containers arriving by sea at DP World Southampton has risen from 21% at the start of the programme to more than 30% today. 
 
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Government unveils plans for HGV charging infrastructure

Posted on 7th March 2025 at 11:58
 
Government unveils plans for HGV charging infrastructure 
 
The government have announced 54 new infrastructure hubs at the recent ZEHID progress summit. Charging infrastructure is due to be strategically located across England, Scotland and Wales with a mixture of semi-public depot charging and public charging on motorways and A-roads. 
 
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Hutchison to sell Port of Felixstowe

Posted on 6th March 2025 at 16:06
 
Hutchison to sell Port of Felixstowe 
 
A consortium comprising shipping line MSC’s Terminal Investment Limited (Til) arm and US investment fund BlackRock-TiL is to acquire an 80% stake in a clutch of 43 ports worldwide from Hong Kong’s CK Hutchison, including Felixstowe, the UK’s main container hub. 
 
The $22.8 billion deal covers CK Hutchison’s entire 80% stake in Hutchison Port Holdings including ports and terminals in 23 countries worldwide. In the UK, the ports of Felixstowe, Harwich and Thamesport are included in the deal, along with Hutchison’s major terminal operations in Europe including Rotterdam. 
 
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200 new lorry parking spaces a step closer in Kent

Posted on 24th February 2025 at 19:15
 
200 new lorry parking spaces a step closer in Kent 
 
The Planning Inspectorate has overturned a Kent authority’s decision to block plans for much-needed lorry parking in the county. 
 
The RHA backed an appeal against Tonbridge and Malling Borough Council’s move to halt a development on the M26 in Wrotham, near Sevenoaks for up to 200 more lorry parking spaces. 
 
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Europe’s largest cranes for DP World Southampton

Posted on 24th February 2025 at 19:02
 
Europe’s largest cranes for DP World Southampton 
 
DP World is making a £60m investment in the UK’s trading capacity with an order of four new quay cranes for its Southampton container terminal. 
 
The new cranes will be the largest quay cranes in Europe and can perform quad lifts, moving two 40ft containers together from ship to yard in a single move, reducing the time taken to load and unload large container vessels. 
 
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RHA report: 200,000 HGV drivers needed in next 5 years

Posted on 4th February 2025 at 13:34
 
RHA report: 200,000 HGV drivers needed in next 5 years 
 
A new report from the RHA entitled ‘Lorry drivers – the vital link – attracting, training and retaining key workers in the UK supply chain’ highlights the need for 40,000 new drivers per year over the next five years. 
 
This report warns that the UK’s logistics industry will require 40,000 new HGV drivers annually for the next five years – to meet growing demand and to avoid a potential future driver shortage. 
 
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Chancellor backs Lower Thames Crossing

Posted on 4th February 2025 at 13:02
 
Chancellor backs Lower Thames Crossing 
 
The Chancellor of the Exchequer, Rachel Reeves, set out the government’s commitment to delivering the Lower Thames Crossing. 
 
She said: “We will work with a private sector to deliver the infrastructure that our country desperately needs. This includes the Lower Thames Crossing which will improve connectivity at Dover, Felixstowe and Harwich, alleviating severe congestion as goods destined to export come from the North, and the Midlands and across the country to markets overseas. 
 
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Gemini picks London Gateway for UK port calls

Posted on 9th December 2024 at 17:34
 
Gemini picks London Gateway for UK port calls 
 
As a part of developing the network for the Gemini Cooperation, Maersk and Hapag-Lloyd have reviewed all ports and terminals in their current networks. During this optimisation process and the review of the Asia – Europe services, they have concluded that London Gateway is the most optimal port to serve their customers importing/exporting cargo to/from the UK. 
 
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