The Panamanian government announced a $500 million investment to modernize the Balboa and Colón ports, increasing cargo capacity and improving container handling efficiency to solidify Panama’s position as the leading logistics hub in Latin America. This ambitious project aims to increase container handling capacity by 35% over the next
The freight forwarding sector in Panama is expected to experience a 15% growth in the first quarter of 2025, primarily driven by an increase in exports to South America, Central America, and the Caribbean. This surge has been attributed to the post-pandemic economic recovery and new trade agreements signed
The Colón Free Zone (ZLC), one of the largest duty-free trade centers in the world, has launched a series of initiatives to modernize and optimize its freight forwarding services in order to maintain its competitiveness in the global market. Among the key measures is the implementation of a new
In response to the growing global concern about climate change, several logistics companies in Panama have adopted sustainable initiatives to reduce their carbon footprint. Companies like DHL, Cargo Express, and Logística Global have taken the lead by incorporating electric vehicles into their transport fleets and optimizing their routes to
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