Logistics

Chennai: Port Wings News Network: DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership. With effect from 20 January 2020, DP World has taken a stake of 44% in Swissterminal Holding AG with the Mayer family, who founded the business, remaining …

New Delhi: Port Wings News Network: The Government of India, Government of Assam and the World Bank signed a loan agreement of $88 million to help modernize Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra on 16 January 2020. A majority of Assam’s more than …

New Delhi: Port Wings News Network: Union Minister for Road Transport & Highways and MSMEs Shri Nitin Gadkari has lauded the contribution of all stakeholders in NH sector for their contribution in erecting world class road infrastructure in the country. Giving away the ‘National Highways Excellence Awards’ to outstanding performers …

Chennai: Port Wings News Network: Cathay Pacific, Ethiopian Airlines and Allegiant Air have awarded new ground handling contracts to Worldwide Flight Services (WFS) in North America. At Newark Liberty International Airport, Cathay Pacific has extended its passenger handling agreement of the past five years to now also include ramp, cabin …

Kolkata: Port Wings News Network: The “MCCI LOGISTICS FORUM 2019”, organised by the Merchant Chamber of Commerce & Industry was held on 23 December 2019 at Taj Bengal, Kolkata with the theme being “Logistics Excellence for Stronger Regional Trade” and Focus Country, Nepal. The Inaugural session was attended by Mr. …

Chennai: Port Wings News Network: At the end of 2019 Brussels Airport decided to significantly expand and strengthen its cargo team. Cargo was already an import cornerstone in the strategy and development of the airport with a dedicated approach, but earlier in 2019, in line with the new business strategy …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 1.1% in November 2019, compared to the same period in 2018. This marks the thirteenth consecutive month of year-on-year declines in …

New Delhi: Port Wings News Network: An inaugural Trial-Run of Indian Railways (IR) freight train on the newly built Rewari-Madar section of Western Dedicated Freight Corridor (WDFC), covering a distance of about 306 kms (Total 663 track Km) was conducted on 27 December 2019. The trial run was flagged off …

Chennai: Port Wings News Network: Allcargo Logistics Limited, along with the Chennai Centennial Lions Club, conducted a medical camp, blood donation camp as well as a presentation on cancer awareness. The camp was held at Allcargo Logistics Ltd- CFS, recently. The camp saw many people benefit from the free health …

Chennai: Port Wings News Network: Cargo worth more than €80 million was stolen from supply chains in the Europe, Middle East & Africa (EMEA) region in the first nine months of 2019, according to the latest data from the Transported Asset Protection Association’s (TAPA) Incident Information Service (IIS). “Cargo crime …

Chennai: Port Wings News Network: As a result of measures taken by Russian Railways to develop and improve the railway network, the infrastructure’s carrying capacity to Far East seaports increased 8 million t in 2019 up to 132 million t per year and, to ports of the Azov-Black Sea basin, …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) has launched a new program to raise global standards in cargo handling operations.  The Smart Facility Operational Capacity (SFOC) program aims to reduce audit complexity and duplication for cargo handling facilities. This new IATA initiative has two components: Standardized …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) on 4 December 2019 released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 3.5% in October 2019, compared to the same period in 2018. This marks a weak start to …

Chennai: Port Wings News Network: Sergey Stolyarov, Acting Director General of RZD International LLC, and Damdinsuren Zhigzhidnyamaa, Head of JSC Ulaanbaatar Railway (JSC UBTZ), signed an agreement for technical consulting services on the implementation of the Tavantolgoi-Dzunbayan railway construction project in Mongolia on 3 December 2019. Under the agreement, RZD …

Chennai: Port Wings News Network: The Chennai-based Trailer Owners Association (TOA), which moves both import and export cargo meant for three ports – Chennai, Kamarajar and Kattupalli– has urged the Union government as well as the Tamil Nadu state government to take immediate steps to safeguard the trucking industry, which …