Centre cuts logistics costs to below 9% of GDP with higher state spending
NEW DELHI : India’s logistics costs have come down to below 9% of gross domestic product (GDP), helped by rising state spending on roads, ports and digitisation, a
Adani Group to make additional investment of Rs 8,700 Crore in Bihar
PATNA : The Adani Group on Thursday said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and
MSC targets oversized Indian freight to use up excess vessel capacity
GENEVA : Container lines — awash with excess capacity amid muted demand conditions — are attempting new strategies to lift headhaul loads. Signalling that trend, Mediterranean Shipping Co.
Manufacturing sector expected to reach $1 trn by 2025-26 led by Gujarat
NEW DELHI : The Indian manufacturing sector is experiencing a surge in investments, marking a significant milestone in the nation’s economic landscape. According to a report by Colliers,
Mahindra set to drive in its first electric truck in 2025
MUMBAI : Leading domestic automaker Mahindra & Mahindra is developing its inaugural range of electric light commercial vehicles (LCVs) to position itself in a fiercely competitive segment that
Lars Sorensen appointed as Senior Managing Director, Region Middle East of Hapag-Lloyd
HAMBURG : From January 1, 2024, Mr. Lars Sorensen will become Senior Managing Director Region Middle East based in Dubai, AE, Hapag-Lloyd. He will be succeeding Mr. Dheeraj
Chattogram Port in focus as Russian shipping giant expands in Asia
CHATTOGRAM : The Far-Eastern Shipping Company (Fesco) has introduced a container service in Bangladesh as a part of its push to facilitate direct shipping from the Indian subcontinent
NH network in the country has increased from about 91,287 km in March, 2014 to about 1,46,145 km at
NEW DELHI : Union Minister of Road Transport and Highways, Shri Nitin Gadkari informed in a written reply to the Rajya Sabha, that the Ministry of Road Transport
Govt likely to come out with logistics cost estimate framework
NEW DELHI : The government is expected to release a framework to assess the logistics cost in the country to get a realistic estimate tomorrow, an official has
GEODIS opens new temperature controlled facility Warehouse
RODGAU : Global logistics service provider GEODIS officially put a new 700m² temperature-controlled location, with an integrated cooling area here in Germany into operation. With this opening, the