NICDC and IIT Delhi sign MoU to collaborate on assessment of location optimality for the NICD Progr…
NEW DELHI : National Industrial Corridor Development Corporation Limited (NICDC) under Department for Promotion of Industry & Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India and the Foundation for Innovation and
Indian Railways started survey work for multi-modal lines connecting economic corridors
NEW DELHI : The Indian Railways has begun the survey work on four multi-modal lines to complement the Eastern and Western Dedicated Freight Corridors, which were proposed in the Interim Budget 2024-25. These multimodal lines
NYK Group acquires UK-based delivery platform business for E-Commerce operators
TOKYO : Recently, International Logistics Group Limited (“ILG”), a U.K. subsidiary of Yusen Logistics Co., Ltd., acquired Noel Topco Limited, a U.K.-based holding company of 10 companies, including Global Freight Solutions Limited (“GFS”). The
FedEx unveils LCL priority service for seamless Asia Pacific-Middle East connections
MEMPHIS : FedEx Logistics and FedEx Express, subsidiaries of FedEx Corp, are launching the new FedEx Less-than-Container Load (LCL) Priority service, offering a customs-cleared port-to-door and door-to-door solution with a strategic balance of speed
New container line starts operations in Saudi Arabia
RIYADH : A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Mr. Poul Hestbaek is the first Chief Executive Officer (CEO) of
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While stubbornly high levels of inflation in
Piyush Goyal launches Bharat Startup Ecosystem Registry and website with logo of Startup Mahakumbh
NEW DELHI : Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal said that Startup Mahakumbh is reflective of the India growth story. While delivering the
KSH Distriparks announced an impressive 25% surge in import value for 2023, marked by an 8% rise in …
PUNE : KSH Distriparks, a leading logistics service provider specialising in container logistics solutions, has announced a remarkable 8% growth in container volumes, recording 74,150 TEUs (Twenty-foot Equivalent units) for the fiscal year 2022-2023