Feb 04, 2017: The inaugural edition of Pharma Logistics Summit, held on February 2, 2017, in Mumbai, organised by Indian Transport & Logistics News (ITLN) provided an excellent platform for the shippers, airports and airlines to come together and discuss variety of subjects concerning the industry…

Feb 03, 2017: Discussions ranged from changing mindset to making right management decisions in order to experience an efficient pharma trade lane, at the first edition of Pharma Logistics Summit 2017, which saw the conglomeration of regulatory authorities, supply chain heads of pharmaceutical…

Feb 04, 2017: The high priority given to the need for multi-modal transport planning across the country in the Union Budget 2017-18 has been commended by Minister of Road Transport & Highways and Shipping Nitin Gadkari. The minister welcomed the 15 percent rise in budget allocation for the Road…

Feb 04, 2017: Jet Airways posted a net profit of Rs 142 . 38 crore for the quarter ended December 31, 2016 compared to Rs 467.11 crore for the quarter ended December 31, 2015. A fall of 69 per cent in the net profits in Q3 FY17 compared to Q3 FY16. Naresh Goyal, Chairman, Jet Airways , said, “In…

Jan 25, 2017: Jet Airways has come out with attractive discounts on flight fares with tickets starting as low as Rs. 999 on economy class domestic flights under “Republic Day Sale”. Bookings are applicable on travel on or after February 9, 2017 and must be made between January 25 and January 29,…

2016 has been an exciting year for the Indian logistics industry — from GST to startups, with each development enhancing the logistics industry to be more efficient and effective. Perhaps, 2017 plans to filter out the ones with sustainable business models. The instant demonetization policy is…

Jan 23, 2017: The Delhi International Airport Ltd. (DIAL) has bagged the Golden Peacock Award for Corporate Social Responsibility in the aviation transport sector for 2016. The award was presented during the 11th International Conference on Corporate Social Responsibility, a DIAL release said. The…

Jan 21, 2017: The Lohegaon airport is likely to start an international cargo operations facility, the authorities at the airport have hinted after a Bureau of Civil Aviation Security team visited the airport and carried on a three-day inspection. According to media reports, the BCAS team has cleared…

Jan 21, 2017: Tech firm Novire recently held a day-long customer meet named ‘Ignite’ in Mumbai wherein industry leaders assembled to discuss new technologies and some of the best practices adopted by them in their supply chain verticals. Based on the theme, ‘Logistic 4.0: Preparing for the New…

Jan 21, 2017: Indian Railways has inked a joint venture agreement with the government of Jharkhand for railway infrastructure development in the province. The joint venture agreement will “provide active representation to States in the Planning and Implementation of Railway Infrastructure Projects,…

Jan 20, 2017: Inland Waterways Authority of India (IWAI) has begun the preparatory works on converting 106 rivers into National Waterways (NWs) by making them navigable. 106 rivers across the country were declared national waterways by the government in April 2016. These rivers would be used to move…

Jan 20, 2017: Jawaharlal Nehru Port Trust (JNPT) is investing Rs 3,000 crore for improving road connectivity and also looking to finaliseRs 2,000 crore-dredging project, according to Shipping Secretary Rajive Kumar. Kumar said the port is “investing Rs 3,000 crore for a road connectivity project.…

43 more airports in India will see regular flights, said Minister of State for Finance Jayant Sinha after the regional air services bidding process started.

The railways is set to launch a train for religious tourists that will reportedly originate in Guwahati and cover shrines in West Bengal and Odisha.

Jan 18, 2017: Minister of Railways Suresh Prabhu unveiled Mission 41k during the roundtable discussion with external stakeholders on energy initiatives of Indian Railways. Prabhu said that Ministry of Railways has come up with Mission 41k to save Rs. 41000 crore in the next decade in Railways’…

Jan 18, 2017: In a bid to develop inland waterways, the Ministry of Shipping is set to revamp the 100-year-old Inland Vessel Act. The proposed new version of the Act has been sent to the law ministry for approval and once the bill is approved, it will be sent to the cabinet for consent, after which…

Jan 17, 2017: Addressing media in New Delhi yesterday, Dr Guruprasad Mohapatra, Chairman, Airport Authority of India (AAI), said that the organisation will focus on cargo to increase revenues and has formed a separate entity or subsidiary for the purpose with an initial capital of Rs 25 crore. AAI…

Jan 17, 2017: Logistics solution provider, Allcargo Logistics has informed BSE that the company has completed buyback of 6,400,000 equity shares, representing upto 2.54 per cent of the total number of equity shares of the company, at a price of Rs 195 per equity share payable in cash for an…

Jan 17, 2017: Commenting on the December 2016 trade data, President of Federation of Indian Export Organisation (FIEO), S C Ralhan said that exports for December, 2016 continued with its positive trend and touched the base of over $23 billion exhibiting a growth of 5.72 per cent during the month.…

Jan 17, 2017: In a bid to boost regional connectivity, Air India has launched two new direct flights from Chandigarh to Pune and Mumbai. The first ever flight from Chandigarh to Pune would connect both emerging IT hubs and will be a big boon to industry and passengers travelling between the cities.…

Jan 16, 2017: Sical Logistics surged 8.06% to Rs 234 at 15:19 IST on BSE, following the company’s announcement that it received a letter of award for a contract worth Rs 304.92 crore. The company has bagged the contract for excavation of overburden at Jhingurdah OCP of Northern Coal Fields at Madhya…

Jan 16, 2017: Commerce Secretary of India has recently launched mobile app named “SEZ India”. SEZ Division, Department of Commerce under its broader e-governance initiative that is SEZ online system, has developed mobile app for Special Economic Zones (SEZs). Commerce Secretary launched the app and…

Jan 13, 2017: Addressing a day-long India Aviation Summit in Vijaywada, Civil Aviation Secretary R N Choubey said that $10 billion would be spent in the next five years on development of airport infrastructure. This will enable the country to become the world’s third largest aviation market in next…

Jan 13, 2017: Low cost carrier, SpiceJet and Boeing announced a deal for the purchase of up to 205 airplanes. SpiceJet enhanced its existing order of 55 aircraft with additional 100 firm B737-8 MAX and 50 purchase rights for B737-8 MAX and wide-body aircraft. With this, the total order of 205…

Jan 13, 2017: Adani Ports and Special Economic Zone Limited (APSEZ) plans to invest Rs 6,000 crore for the development of Mundra Port. As part of the third phase of development, the upcoming capacity expansion of Mundra Port will lead to employment generation for around 600 people. To this effect,…

Jan 12, 2017: SpiceJet is set to seal an order for at least 90 new 737 jets from Boeing, as the low-cost carrier targets an expansion to tap into India’s burgeoning air travel market, according to media report. An agreement with SpiceJet, which has a current fleet of 40 planes, would be a…

Jan 12, 2017: Jet Airways will introduce a new daily service between Mangaluru and New Delhi, offering business travellers from the South Indian port city and commercial hub, seamless connectivity with the national capital. The new daily flight, being introduced with effect from January 16, 2017,…

Jan 11, 2017: After handling operation of domestic cargo for a year, Odisha’s Biju Patnaik International Airport (BPIA) is set to offer international air cargo handling services. The international cargo will be handled from a dedicated place that has been earmarked near the domestic cargo hub. A…

Jan 11, 2017: DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem met Prime Minister Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit held in Ahmedabad. Recognizing the the immense potential of India’s growing economy and the nation’s maritime and inland trade, the global…

Jan 11, 2017: Data released by International Air Transport Association (IATA) for global air freight markets shows demand, measured in freight tonne kilometers (FTKs), rose 6.8 per cent in November 2016 compared to the year-earlier period. This was a slight slowdown from the 8.4 per cent annual…

Jan 10, 2017: The City and Industrial Development Corporation of Maharashtra (CIDCO) has decided to extend the deadline to submit financial bids for its ambitious Rs 16,000 crore Navi Mumbai International Airport (NMIA) project to January 25. The development had hit a roadblock last week when three…

Jan 10, 2017: Seaways Shipping and Logistics (“Seaways”) has handled the first vessel from Paradip Port under the Indo-Bangladesh Coastal Shipping Treaty signed by both the governments, stated a release. The first Bangladesh flagged vessel under this treaty, MV Shamayel called at Paradip Port in…

Jan 10, 2017: Global trade enabler DP World operating the Chennai Container Terminal has again created history by hosting the deep draft vessel to have docked at the Chennai Port. With a draft of 14.6 metre the terminal successfully hosted M V CMA CGM Bellini on January 7. DP World Chennai together…

Jan 10, 2017: Bengaluru-based regional airline Flyeasy has signed an agreement to purchase an up to 74 per cent stake in Air Pegasus, in the first sign of consolidation in the regional space. Air Pegasus in a press release said this will help the grounded carrier to restart operations from March 1.…

Jan 09, 2017: Vistara airline- a joint venture of the Tata Group and Singapore Airlines, has increased its frequency between Delhi and Pune to twice a day as it celebrates the completion of two years of operation in India. The airline now offers a daily morning and evening departure from Delhi,…

Jan 09, 2017: Stellar Value Chain Solutions, a third party supply chain and logistics company serving consumption driven sectors in India, has announced the acquisition of a majority stake in Kelvin Cold Chain (“Kelvin”), a player in integrated cold chain logistics business. Ambit Pragma will retain…

Jan 09, 2017: The demonetisation drive has not only affected air cargo segment leading to a 12 per cent points slump on a month-on-month basis but has also slowed down the passenger traffic growth in November from 22 per cent to 19 per cent in the rest of the year. Air passenger traffic stood at…

Jan 07, 2017: Air cargo plays a crucial role in the economic development of a country. The leading international cargo terminals are functioning smoothly whereas India is lagging to keep pace with the emerging trends of technology in global air cargo scenario. Lack of efficiency, transparency and…

Jan 06, 2017: Logistics and supply chain arm of e-commerce company, Flipkart, Ekart incurred losses of Rs 810 crore. The losses were incurred on a revenue of Rs 303 crore in the nine months to March, its first year of operation, after the Indian e-commerce major spun it off as a separate unit. The…

Jan 06, 2017: APM Terminals Mumbai has embraced Direct Port Delivery (DPD) service initiated by the Indian government as part of its Ease of Doing Business Program to enhance India’s access to the global logistics chain. The streamlined DPD protocol can result in substantial savings of time and…