Logistics

Chennai: Port Wings News Network: Maqta Gateway, the digital arm of Abu Dhabi Ports, and TruKKer, the region’s first and largest digital truck booking marketplace, based in Abu Dhabi Global Market (ADGM), have signed an agreement to digitally transform truck logistics through Maqta Gateway’s digital logistics solution platform, MARGO. The …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) announced a revised outlook for airline industry performance in 2020 and 2021. Deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast.  A net loss of $118.5 billion is …

New Delhi: Port Wings News Network: In line with its vision to provide world-class National Highway (NH) network and to create a bridge between technical Institutions and Industry, the National Highways Authority of India(NHAI) has received overwhelming response from many reputed Institutes for its initiative of collaborating with Premier Institutes …

Chennai: Port Wings News Network: As part of a joint project between Russian Railways and Ministry of Land, Infrastructure, Transport and Tourism of Japan, the first full-length container train carrying Japanese cargo departed from Vladivostok to Europe via the Trans-Siberian railway on November 18. The train consists of containers with …

Chennai: Port Wings News Network: The Baltic Exchange on 16 November launched weekly air freight indices. It has partnered with established Hong Kong based air cargo pricing publisher TAC Index and the new indices include six outbound indices and 13 individual destination baskets. These products will be branded as the …

Chennai: Port Wings News Network: The Central Board of Indirect Tax and Customs (CBIC) has notified revised policy and guidelines for setting up of Container Freight Stations (CFS), Inland Container Deport (ICD) and Airfreight Stations (AFS). The revised policy aims to boost investment in CFS/ICD sector in underdeveloped regions in …

Chennai: Port Wings News Network: Swire Shipping has deployed its first 2,750TEU newbuild, MV Lae Chief, on its newly upgraded North Asia Express (NAX) service. Launching the new fixed-day fortnightly service with her maiden voyage, the vessel made her first port call in Shanghai on 5 November 2020. She made …

Pipavav: Port Wings News Network: Integrated Container Tracking (ICT) system commenced at APM Terminals Pipavav at an event on 9 November 2020. NICDC Logistics Data Services (NLDS) has completed vital infrastructure at APM Terminals Pipavav to commence the near real time visibility of the container movement across the supply chain. …

New Delhi: Port Wings News Network: Government is working towards making India a global automobile manufacturing hub in the next five years, Shri Nitin Gadkari, Minister of Road Transport and Highways & MSME, Govt of India, has said. Addressing the virtual ‘Electric Mobility Conference 2020’, organized by FICCI Karnataka State …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) on 4 November 2020 released September data for global air freight markets showing that air cargo demand, while strengthening, remains depressed compared to 2019 levels. Global demand, measured in cargo tonne-kilometers (CTKs*), was 8% below previous-year levels in September …

New Delhi: Port Wings News Network: Freight figures continue to maintain the high momentum in terms of earnings and loading in the month of October 2020 for Indian Railways. On mission mode, Indian Railways’ Freight loading for the month of October 2020 crossed last year’s loading and earnings for the …

Mumbai: Port Wings News Network: Mahindra Logistics Ltd. (MLL), one of India’s large 3PL solutions providers, on 30 October 2020 announced its consolidated financial results for the quarter and half year ended on Sept 30, 2020. Commenting on the performance, Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, …

Chennai: Port Wings News Network: The International Air Cargo Association (TIACA) is joining CLIVE Data Services (CLIVE), an air cargo data company, in a call for the air cargo industry to adopt the dynamic load factor methodology as the industry standard for measuring the utilization of air cargo capacity. Introduced …

Chennai: Port Wings News Network: ‘Russian Railways gives priority to electrification of railway lines when implementing green technologies’, said Sergey Kobzev, Deputy Managing Director – Chief Engineer of Russian Railways, at the plenary discussion ‘Green Swan Solutions. How Railways Set Global Eco Trends?’ of the international transport and logistics forum …

New Delhi: Port Wings News Network: Union Minister for Road Transport, Highways and MSMEs Shri Nitin Gadkari laid the foundation for country’s first Multi-modal Logistic Park at Jogighopa in Assam on 20 October 2020. The Rs 693.97 crore park will provide direct air, road, rail and waterways connectivity to the …