CHEMICAL LOGISTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In April 2022, C.H. Robinson, a global logistics company, and Waymo, a leading autonomous driving technology firm, formed a strategic partnership to accelerate the development of autonomous trucking for supply chains. This partnership involves Waymo Via's autonomous trucks hauling C.H. Robinson customer freight in multiple pilots over the next few years. The partnership aims to leverage expertise and knowledge sharing to drive long-term success in autonomous freight transportation for both customers and carriers.
• In July 2021, Aegis Logistics, a India-based oil, gas, and chemical logistics company, and Royal Vopak, an independent tank storage provider, formed a joint venture called Aegis Vopak Terminals Ltd (AVTL) to grow their LPG and chemical storage and handling business in India. The new partnership will operate a network of 8 terminals located at 5 strategic ports along India's east and west coasts, with a total capacity of around 960,000 cubic meters, making it one of the largest independent tank storage companies for LPG and chemicals in the country.
• In July 2021, Arkema S.A., a specialized chemicals and advanced materials company, partnered with Nexxiot to digitize its ISO tank and rail freight wagon fleets using Nexxiot's IoT devices and intelligent cloud platform. This partnership aimed to provide Arkema's clients with end-to-end visibility, enabling them to enhance quality standards and overall service experience.
• In February 2021, Agility Logistics, a Kuwait-based logistics company, partnered with Shipa, a U.S.-based digital logistics platform, to establish a bonded, expedited road freight network connecting businesses and consumers across the GCC Countries. This partnership is aimed to provide customers with new service offerings, including less-than-truckload (LTL) and full truckload (FTL) options, as well as a fast and cost-effective way to export parcels, pallets, or goods containers.