FG seeks more time to negotiate with GE

| October 19, 2016

article image
The Federal Government needs more time to negotiate a railway concession project with the United States’ General Electric, the Minister of Transportation, Rotimi Amaechi, has said.Reuters reported that both sides had confirmed talks on the GE being granted a railway worth around $2bn, with Nigeria’s economic growth hampered for decades by the lack of roads or functioning railways.The government, suffering from a slump in revenue from crude exports, wants to boost exports of food and other non-oil products.“The GE is proposing a two-year rehabilitation of the rail tracks to be carried out by them and to have a concession period of 25 years within which to recover their investment,” Amaechi said on Wednesday.“The government has not agreed and that is what our advisers will sit with the GE to agree,” he added.

Spotlight

Purolator Inc

Purolator Inc. is a leading integrated freight, package and logistics solutions provider in Canada. Celebrating over 50 years of delivering its customers' promises, Purolator continues to expand its reach and renowned service levels and reliability to more people, more businesses and more places across the country and around the world. Purolator is proud of its Canadian heritage and is focused on sustainably positioning itself for future growth and success. Purolator is also committed to contributing to the well-being of the communities it serves and where more than 11,500 of its employees live, work and play.

OTHER ARTICLES

SOURCING AND THE VALUE CHAIN - WHY DIGITAL PLATFORMS MATTER

Article | February 28, 2020

The inevitability of supply chain disruptions in a global environment is one that's well understood. Businesses need to employ strategies that are agile, proactive, and resilient creating a no-risk supply chain to mitigate risks and ensure business continuity. In today's hugely competitive business environment, both profit and customer service levels must get carefully considered, making sourcing decisions crucial but often problematic. Businesses need to consider the rationale of low-cost longer lead-time sourcing vs. more expensive nearshore and onshore more costly options, with one eye firmly on the consumer demand and satisfaction as well as the carbon footprint and sustainability.

Read More

What to do if the coronavirus affects your Amazon inventory supply chain

Article | March 2, 2020

As the coronavirus has spread throughout China and into other countries, factories that supply the world with all sorts of products are starting to see delays. While Chinese New Year may have temporarily masked the appearance of manufacturing challenges caused by the virus, those challenges are now becoming clearer as US-based Amazon sellers are discovering that delays in manufacturing are likely to result in unexpected shortages of inventory.

Read More

How smart tech can transform warehousing

Article | February 23, 2020

A quick look into the history of warehouse management tells us that it was once a very paper-intensive process, heavily reliant on human beings to co-ordinate the multitude of activities that take place within the warehouse. However, ever-rising customer expectations, e-tailing/omni-channel and the pressure of quicker delivery times, increasing operational complexity along with the unprecedented advancement in smart technologies call for smart warehousing management systems, empowered by the Internet of Things or IoT.

Read More

REAL-TIME SUPPLY CHAIN, GPS AND TELEMATICS MORE ESSENTIAL THAN EVER

Article | March 28, 2020

Combining real-time vehicle data and intelligent agents with integrated planning and execution for efficient, resilient supply chains. A supply chain is only as fast and responsive as the data driving it. Today, new sources of real-time data such as telematics, combined with a planning and execution platform, mean that supply chains can be more efficient, better optimized, and more automated than ever.

Read More

Spotlight

Purolator Inc

Purolator Inc. is a leading integrated freight, package and logistics solutions provider in Canada. Celebrating over 50 years of delivering its customers' promises, Purolator continues to expand its reach and renowned service levels and reliability to more people, more businesses and more places across the country and around the world. Purolator is proud of its Canadian heritage and is focused on sustainably positioning itself for future growth and success. Purolator is also committed to contributing to the well-being of the communities it serves and where more than 11,500 of its employees live, work and play.

Events