There is a need to bring down logistics cost to 9% of the GDP : Report
NEW DELHI : India’s revolutionary digital infrastructure is primarily driving transformation in the logistics sector, enabling seamless operations and greater operational efficiency. Experts feel that the country’s improved ranking in logistics performance is a
CMA CGM confirms first Car Carrier Charter for CEVA Logistics
MARSEILLE : CEVA Logistics, part of the CMA CGM Group, confirmed the rumor circulating for weeks that they will be entering the car carrier segment chartering four vessels. Announcing a 10-year agreement with Eastern
Future links between Bangladesh & India to shape by multimodal connectivity
DHAKA : Indian High Commissioner to Bangladesh Pranay Verma said the future links between Bangladesh and India would be shaped by multimodal connectivity, including through road and rail, inland waterways, coastal shipping, as well
The world’s fastest-growing ride-hailing service inDrive.Freight launches service in India
CALIFORNIA : inDrive.Freight, a same-day and on-demand service to find delivery options for any 20+kg freight by inDrive, is launched in India. Its unique feature is the ability to set your own price for
Industrial and warehousing demand rises 11% YoY in Q1
NEW DELHI : Leasing of industrial and warehousing space rose 11 percent year-on-year (YoY) to 7.2 million square feet (msf) during the January-March period across five major cities, driven by higher demand from third-party
Container shipping under pressure globally due to high interest rates : S&P Global Commodity In…
SINGAPORE : Container shipping, globally, will be “under pressure” because of high interest rates and inflationary pressures across developed economies; which in turn brings in “recessionary traits”, says Pradeep Rajan, Head – Asia Freight,
Chinese state-owned firm to build major Sri Lanka port complex
COLOMBO : A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub. Sri Lanka is looking to kickstart its
PM Gati Shakti NMP helps growth of Rs 2 lakh cr in export in FY23: Sonowal
MUMBAI : Union Minister Shri Sarbananda Sonowal said that the PM Gati Shakti Programme has helped the country to register a year-on-year incremental growth of Rs 2 lakh crore in goods export in the