Logistics

Chennai: Port Wings News Network: DP WORLD, a leading global provider of end to end logistics solutions, and the Ministry of Transport, have signed a Memorandum of Understanding (MoU) with the aim of developing the Ethiopian side of the road linking Ethiopia to Berbera into one of the major trade …

New Delhi: Port Wings News Network: Global air cargo demand bounced back into growth in April after a -3% dip in March, with high load factors keeping the international airfreight system under significant strain as the traditional surge in summer capacity has so far failed to materialise for a second …

Chennai: Port Wings News Network: Chief Executive Officer – Chairman of the Executive Board of Russian Railways, Oleg Belozerov, and Chairman of the Board of JSC “NC “Kazakhstan Temir Zholy”, Nurlan Sauranbayev, held a working meeting, where they discussed current issues of bilateral cooperation in the transport sector and logistics. …

Mumbai: Port Wings News Network: GatewayRail’s “Maersk Automotive Express” maiden service from its Inland Container Depot (ICD) at Gurugram to APM Terminals Pipavav was flagged off by Denmark’s Ambassador to India, Mr Freddy Svane in a virtual flagging off ceremony on 20 April 2021. The train left from GatewayRail flagship …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) announced an agreement with Eurofins to incorporate its worldwide COVID-19 testing network into IATA Travel Pass. Eurofins is a leader in bio-analytical testing with 800 laboratories across 50 countries. As part of the partnership, Eurofins’ dedicated COVID-19 portfolio encompassing …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released February 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels with demand up 9% over February 2019. February demand also showed strong month-on-month growth over January 2021 levels. Volumes have …

New Delhi: Port Wings News Network: Despite the Covid challenges, Indian Railways closed the FY 2020-21 with record freight loading. In the closing month of this fiscal year 2020-21, Indian Railways surpassed the last year’s loading that is 1232.63 compared to last year’s 1209.32 which shows the growth of 1.93%. …

Chennai: Port Wings News Network: The Indian logistics sector has witnessed a significant sequential recovery after experiencing severe disruption in Q1 FY2021, on account of the nation-wide lockdown. This had created demand-side and supply-side challenges which eased in subsequent months   as economic activity recovered. As per ICRA note, as lockdown-related …

New Delhi: Port Wings News Network: A Four-point plan has been chalked out to deal with the situation arising from the blockage of Suez Canal. This plan was chalked out in a meeting convened by the Logistics Division, Department of Commerce, Government of India on 26 March. The meeting was …

Mumbai: Port Wings News Network: In a major push and with a vision to achieve seamless trade, new Inter Terminal Route connecting BMCT Terminal with all the other four Container Terminals of JNPT was inaugurated at Jawaharlal Nehru Port Trust (JNPT), India’s premier container port on 27 March. The Inter …

Mumbai: Port Wings News Network: In view of tremendous potential of cross border trade between Bangladesh, Bhutan, India and Nepal (BBIN) Mr Shankar Shinde, chairman-elect, the Federation of Freight Forwarders Associations in India (FFFAI), has recommended for seamless multimodal connectivity and strong logistics infrastructure in each of the above countries. …

Mumbai: Port Wings News Network: Gateway Distriparks Limited (GDL) had announced an amalgamation scheme between GDL and its subsidiaries Gateway Rail Freight Limited and Gateway East India Private Limited in September 2020. Now, both NSE and BSE have conveyed their “No-objection” on 12 March, 2021 enabling the Company to go …

Chennai: Port Wings News Network: Mahindra Logistics Limited (MLL), a leading provider of logistics and people transport services, on 8 March announced the appointment of Dr Anish Shah as the Chairman of the Board, effective April 2, 2021. Dr Shah will join the Board of Directors of the Company on …

New Delhi: Port Wings News Network: The Union Minister of Railways, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal on 10 March flagged off 3000 HP Cape Gauge Locomotive indigenously developed by Banaras Locomotive Works, Varanasi via video conferencing along with Minister of Transport and …