Mahindra Logistics; Ascendas-Firstspace launches warehouse park in Pune
The entire development will be spread across three phases, with the first phase of 0.5 million square feet expected to be operational by the end of 2023-24. Mahindra Logistics, one of India’s largest integrated logistics solution providers, and Ascendas-Firstspace, an industrial real estate developer, have announced the establishment of a new one million square feet […]
ONE updates Singapore- South Philippines service
Ocean Network Express (ONE) has announced its revamped service network from Singapore to South Philippines (PH3). The upgraded PH3 service will merge ONE’s existing SPE and PH2 services. The rotation is as follows: Singapore – Davao – General Santos – Singapore. The service will operate on a weekly basis. The first sailing will depart from […]
SBI Life, Allcargo Logistics among 6 stocks to trade ex- dividend this week
Shares of SBI Life Insurance, Allcargo Logistics, CG Power and Industrial Solutions, DIC India, Taparia Tools, and Nettlinx will trade ex dividend this week. Meanwhile, CG Power and Industrial Solutions, Allcargo Logistics, and DIC India will trade ex-dividend on Wednesday, March 15.
Dry Exhaust Cleaning System Installed on Bulker
With traditional scrubber systems coming under increasing pressure for the wash residue which environmentalists highlight as a pollutant, a dry exhaust system sodium compound provides an alternative that can permit older, in-service ships to meet increasing emissions regulations. A dry system was recently installed on a Dutch-owned bulker with its manufacturer also highlighting the potential […]
20Cube Logistics to Attend the 35th Annual ROTH Conference on March 12-14, 2023
SINGAPORE–(BUSINESS WIRE)–20Cube Logistics Pte. Ltd., a Singapore-based software-enabled international supply chain orchestrator (“20Cube”), has been invited to attend the 35th Annual ROTH Conference on March 12-14, 2023 at The Ritz Carlton, Laguna Niguel located in Dana Point, California. On October 18, 2022, 20Cube entered into a Business Combination Agreement (the“Business Combination Agreement”) with Evo Acquisition […]
Amazon to integrate its logistics and Smart Commerce offerings on ONDC
E-commerce giant Amazon on Friday said that it will integrate its logistics network – from pickup to delivery – and Smart Commerce services with the Open Network for Digital Commerce (ONDC), a non-profit company set up by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Government of India. This will be Amazon’s initial […]
IBS Software to deploy iCargo solution with Alaska Air Cargo
Will digitally transform Alaska Air Cargo’s sales and inventory, cargo terminal operations, airmail handling and revenue accounting, and mobile applications IBS Software, a leader in SaaS solutions to the travel industry, has signed a long-term agreement with Alaska Air Cargo to transform and modernize its air cargo IT ecosystem. IBS Software will implement iCargo, its […]
Unified logistics platform to cut cost, boost ease of business
New Delhi: The Centre will soon roll out the Unified Logistics Interface platform(ULIP) to drastically reduce logistics cost and make Indian goods competitive, integrating about 24 logistics systems across six ministries and departments to provide real-time data and fill a critical gap for efficient movement of goods through different modes. Finance minister Nirmala Sitharaman in […]
Major ports to board new port law from November 3
Structural reform designed to help major ports compete with private ports and check diversion of cargo The Centre-owned 11 major port trusts will start afresh under a new law from Wednesday, allowing them to shed decades-old baggage that was an impediment to growth and help them compete with modern, private ports on the back of […]
DHL Express to invest ₹200 crores in expanding Bengaluru hub
Says it is seeing a significant uptick in its business DHL Express (DHLE), a leading Express logistics service provider says its business has crossed pre-pandemic levels. RS Subramanian, MD, and Senior VP, DHLE said that while between April and May there was a slowdown when the Covid wave as its peak, the last three to […]