Share this article August 01, 2017: Major aircraft manufacturer Boeing forecasts a demand for 2,100 new airplanes in India, valued at $290 billion, over the next 20 years. The company released the new numbers as part of its annual Current Market Outlook (CMO) for India during a briefing in Delhi.…

Share this article July 31, 2017: Federation of Indian Export Organizations (FIEO) has welcomed the recently issued customs circular no. 32/2017. Ganesh Kumar Gupta, President, FIEO said that “the exporters were facing problems as they were asked to furnish a certificate from tax authorities stating…

Share this article Jul 29, 2017: Real estate investor and developer, Verdion , has completed construction of the new 1.1 million sq ft (102,190 sq m), £100 million logistics facility for Amazon at iPort, its 6 million sq ft (557,400 sq m) strategic rail freight interchange in Doncaster, South…

Share this article Jul 29, 2017: Gurugram based shipment tracking firm Shipway.in will now support Wydr to strengthen its shipment tracking and reporting system. Wydr is a mobile-based platform for wholesale buying and selling. Fast and easy shipment tracking, facility of reporting panels and…

Share this article Jul 29, 2017: Bangalore International Airport Limited (BIAL) has inducted Marcel Hungerbuehler (former CEO of BIAL from Nov. 2008- Feb'11) and Hari Marar as new directors on the Board. Harsha Raghavan will take on the role of managing director at BIAL, while Marar will be…

Share this article Jul 29, 2017: Blue Dart Express has posted Rs 21 crore profit after tax for the quarter ended June 30, 2017. Revenue for the express air and integrated transportation, distribution and logistics company, from operations for the quarter stood at 667 crores. Anil Khanna, Managing…

Share this article Jul 29, 2017: Jawaharlal Nehru Port Trust ( JNPT ) recently received delivery of 6 new Electrically Operated Rubber Tyred Gantry Cranes (eRTGC) from M/s Sany Group. This is the first part of the order for 15 new eRTGCs that JNPT had placed. JNPT Chairman Anil Diggikar and deputy…

Share this article Jul 28, 2017: Air France-KLM, Delta Air Lines, Virgin Atlantic and China Eastern Airlines have announced new alliances that will be strengthened by equity investments. Delta, Air France-KLM and Virgin Atlantic will launch a combined long-term joint venture, supported by a 31…

Share this article Jul 28, 2017: Etihad Airways has announced its 2016 financial results, recording a net loss of $ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline. A slowdown in the cargo…

Share this article Jul 27, 2017: The Minister of Road Transport & Highways and Shipping Nitin Gadkari has announced a financial assistance of Rs 200 crore as the first installment for the immediate repairs of National Highways damaged due to the heavy rains in Assam. The announcement was made after…

Share this article Jul 27, 2017: Concern of exporters on liquidity, excessive documentation process and delays due to lack of knowledge on the part of both exporters as well as tax officials, etc were discussed by the participants in the Post GST Seminar held at Chennai recently. The seminar was…

Share this article Jul 26, 2017: Sonoco ThermoSafe, a unit of Sonoco and a leading global provider of temperature assurance packaging, has launched a new range of reusable, universal solutions for the pharmaceutical and biologics markets. ChillTech is a pre-qualified range of 2°C to 8°C PCM systems…

Share this article Jul 26, 2017: With the Sagarmala project’s National Perspective Plan as the backdrop, the government has taken various steps in the last three years to boost the sector’s overall efficiency. FY2016-17 marked the introduction of various Government initiatives and policy actions…

Share this article Jul 26, 2017: A FICCI-EY study titled, ‘Revival of PPP momentum in the transport sector’, highlighted the need to resolve multiple issues dampening the private sector interest and slowing the rate of private investment in the sector. It calls for key interventions to remove the…

Jul 26, 2017: Philippines based logistics and freight-forwarding giant AAI Worldwide Logistics Inc. has completed the first phase of implementing Ramco Systems’ ERP solution for Logistics. In Phase I of the go-live, AAI has implemented group-wide centralised systems to digitise Financial Management…

APM Terminals Mumbai recently received the 5,047 TEU capacity CSL Santa Maria, representing the first call of another new far eastern service for the terminal at Jawaharlal Nehru Port. The weekly service, operated with a six-vessel string of the 4,200 - 5,000 TEU capacity category, links the west…

July 24, 2017: A parliamentary panel has recommended that no new port be allowed in 100 km vicinity of top ports without a permit from board. The recommendation comes at a time when the 12 major ports are losing about 33 percent market share to non-major and private ports, which have developed in…

July 24, 2017: Bangladesh and India have inked a deal to connect the north-east and West Bengal with Bangladesh through new waterways. This was informed by union minister of state for road transport, highways and shipping Mansukh Mandaviya. Mandaviya reportedly said that the new waterways would…

July 22, 2017: Industry body, PHD Chamber of Commerce and Industry has urged the government not to impose GST on international freight as air cargo trade is already facing many challenges and that such a taxation is also not in vague in economies of scale. At the recently held Air Cargo Summit 2017…

July 22, 2017: Ensuring cyber security is one of the top priorities for Indian Railways, which is currently seeing a lot of upgradation, modernisation and maintenance, said Railway Minister Suresh Prabhu at a round table conference on “Ensuring Cyber Security on Indian Railways ” recently. Prabhu…

July 22, 2017: Union minister for Shipping, Road Transport and Highways, Nitin Gadkari has announced that Paradip would be developed into a smart port and smart city at an investment of Rs 40,000 crore. “The Centre is committed to speedy development of Odisha. While road network is being expanded in…

July 21, 2017: Minister of Road Transport and Highways Nitin Gadkari recently reviewed the progress of the work to set up multi modal logistics parks in various parts of the country. In a meeting attended by senior officials of the Highways and Shipping Ministries, state governments, land port…

July 21, 2017: A massive cargo was moved from Foshan, China to Mundra port, X2 Member Globus Transitos was instrumental in moving the large Ball Mill from Foshan, China to Mundra port in India. The cylindrical shaped cargo was of 6780x3600x3600MM in dimensions. The shipment had to be delivered to…

July 21, 2017: The digital B2B marketplace for warehousing, Log-hub from Switzerland, and the Indian Supply Chain specialist 3SC have joined hands to realize cost savings in supply chain of the Indian market, in wake of the new tax regime called GST. “Due to implementation of the new GST tax system…

July 21, 2017: The Ministry of Road Transport and Highway has set a target of 15000 kilometre for construction of national highways during the year 2017-18, revealed P Radhakrishnan, Minister of State for Road Transport & Highways and Shipping, in a written reply to a question in the Lok Sabha.…

July 21, 2017: Minister of State for Road Transport & Highways and Shipping, P Radhakrishnan gave port wise details of operating surplus at major ports from 2013-14 to 2016-17, in a written reply to a question in the Lok Sabha. The port-wise details of Operating Surplus from 2013-14 to 2016-17 are…

July 20, 2017: A committee under the Ministry of Environment, Forests and Climate Change gave green signal for the extension of runway at the Vijayawada airport in Andhra Pradesh in order to meet the current demand and facilitate landing and take off of bigger aircrafts. According to a proposal…

July 21, 2017: The Delhi Cargo Service Center has been awarded the ISAGO certification for its facility-DCSC Cargo Terminal at Delhi Airport. IATA’s Safety Audit for Ground Operations (ISAGO) is based on industry-proven quality audit principles and is structured to ensure a standardised audit with…

July 21, 2017: The Ministry of Road Transport and Highways has approved “In-Principle” declaration of about 51,300 kilometre length of state roads as new national highways subject to the outcome of their Detailed Project Reports (DPRs). The declaration of state roads as new national highways is done…

July 20, 2017: The GST could cut logistics costs in India’s formal, organized logistics sector by 20 percent and provide a dramatic boost to the country’s surging economy, says the Agility Mid-Year Emerging Markets Review 2017. The report further says that the GST is already prompting logistics…

July 20, 2017: The Union Cabinet chaired by Prime Minister Narendra Modi has approved the revalidation of permission to raise Extra Budgetary Resource (EBRs) of Rs. 660 crore as Government of India Bonds by Inland Waterways Authority of India (IWAI) in 2017-18. The proceeds from the bonds will be…

July 17, 2017: DHL Express , the world’s leading international express services provider, inaugurated a new service center in Bhiwadi. Located in Alwar district of Rajasthan, the 3,188 sqft facility will be the seventh in the Delhi-NCR region. The city of Bhiwadi is an industrial town spanning…

July 18, 2017: SpiceJet has announced its third daily direct flight on the UDAN routes of Hyderabad-Pondicherry-Hyderabad effective 16th August 2017. With the daily flight, which is being launched by the low-cost carrier under the regional connectivity scheme, Pondicherry will be connected with…

July 18, 2017: In the first half year of 2017, the Kuehne + Nagel Group has gained market shares in all business units and accelerated its growth momentum during the second quarter of 2017, a press release from the company said. Net turnover increased by 8.2 percent to CHF 8,815 million compared to…

July 18, 2017: New York stock exchange listed FedEx Corp commonly known as FedEx has filed its annual report on Form 10-K for the fiscal year 2017 with the Securities and Exchange Commission. The filing includes additional information regarding the June 2017 cyber-attack on the worldwide information…

Jul 18, 2017: Intra-logistics automation solutions provider Armstrong, has signed a co-operation agreement with American company Pitney Bowes for ecommerce automation business. Pitney Bowes is NASDAQ listed company that offers solutions in customer information management, location intelligence,…

Jul 18, 2017: Kale Logistics Solutions is going to set-up a Centre for Innovation for IT in Air Cargo Industry. The objective of this Center of Innovation is to ground groom the Air Cargo industry in adopting Information Technology for an agile, effective and equipped Air Cargo business, said the…

July 19, 2017: As the geo-political standoff between Qatar and the rest of the Gulf Co-operation Countries (GCC) languishes, a Qatar-based businessman has worked out a plan to airlift 4000 cows into the country. This move is to boost Qatar’s milk supply and wean the country off Riyadh’s teat. The…

July 19, 2017: Essar Ports is reportedly set to invest Rs 550 crore on Hazira Port by March 2018. The investment would increase the port’s cargo handling capacity by 20 million tonne per annum. According to sources, the funds will be used to expand the 500 metre berth to 1,100 metres. The total…

July 19, 2017: Logistics start-up Fortigo announced that it is expanding its operations in Maharashtra. The company, backed by Nandan Nilekani and Accel Partners had been operating in Mumbai and Pune. It now plans to expand its services to Nagpur, Aurangabad and Nashik. Speaking about expansion of…