Cabinet to soon weigh National Logistics Policy aimed at reducing elevated costs
NEW DELHI : The Cabinet will soon take a proposal on the National Logistics Policy that aims to reduce elevated costs – long blamed for eroding the competitiveness of Indian exporters – from the
DB Schenker rejects DSV comments in an internal memo: No grounds for a hostile takeover
BERLIN : DSV’s stated interest in talking to DB Schenker about a possible acquisition, if the opportunity emerges, now makes the German freight forwarder’s Board of Management take action and inform its employees, that
Deutsche Post DHL Group to acquire ocean freight forwarding expert J.F. Hillebrand Group
BONN : Deutsche Post DHL Group (“DPDHL”) has signed an agreement to acquire up to 100% of J.F. Hillebrand Group AG (“Hillebrand”) and its subsidiaries at an equity value of around €1.5 billion. Hillebrand
APM Terminals, Navin Jindal Group among three bids for RNaval
MUMBAI : APM Terminals Management BV, Navin Jindal Group, and a consortium of Dubai’s GMS Inc and Turkey’s Besiktas Group have placed bids for Reliance Naval and Engineering Ltd (RNaval), the bankrupt shipyard earlier
Brazil Federal Government signs concession contracts for five port terminals
The Federal Government of Brazil, through the Ministry of Infrastructure and the National Water Transport Agency (Antaq), has signed concession contracts for five port terminals tendered in April 2021. The participation of the private
JSW Infra plans Rs 10k-cr capex by 2025, including investment in logistics
MUMBAI : Moving from pure captive cargo player to a sizable third-party port business, JSW Infrastructure plans a capex of Rs 10,000 crore by 2025 which will also include investments in logistics Logistics investment is a natural
A plan of Rs 100-trillion infrastructure to create jobs for ‘hundreds of thousands’: PM
NEW DELHI : The government will launch a Rs 100-trillion infrastructure plan that will beef up roads, ports, airports while providing jobs, said Prime Minister Shri Narendra Modi on Sunday 15th August, as he
Allcargo Logistics net grows over 3-folds to Rs 106 cr in June quarter
MUMBAI : Allcargo Logistics’ net profit surged over three-folds to Rs 106 crore in the June 2021 quarter over the same month a year ago, helped by volume growth and transformation initiatives. The integrated