Cargo

California-based company Inversion introduced a reusable spacecraft, Arc, designed for rapid orbital cargo delivery anywhere on Earth in under an hour.

India's maritime industry a $1 trillion investment opportunity for the world: Sarbananda Sonowal

The Union minister highlighted opportunities in mega projects such as Vadhavan Port, Galathea Bay Transshipment Port and Tuna Tekra Terminal, alongside investments in green hydrogen hubs, LNG bunkering, shipbuilding, ship recycling, and maritime industrial parks.

With containers stuck in China, India braces for higher freight costs and container shortages

The impact in terms of increase in freight costs would be at least 10 percent and could go up to 30 percent, said Jitendra Srivastava, CEO, Triton Logistics & Maritime.

Bengaluru airport surpasses 41 million passengers, 5 lakh MT cargo in FY25

Domestic passenger traffic grew by 10 percent, reaching 36.05 million, while international passenger numbers surged 25 percent to 5.83 million over the previous financial year

Tech powers Bengaluru airport's cargo terminal, boosts security, cuts paperwork

Bengaluru airport expects an increase in cargo movement due to the e-commerce boom and Foxconn’s upcoming mobile phone manufacturing plant in Devanahalli Industrial Area

Bengaluru Metro wants to do a Delhi, carry cargo during non-peak hours

Facing backlash over fare hikes of up to 71 percent, Bangalore Metro is looking for ways to boost non-fare revenue

India exporting rail coaches, other equipment to Europe, Australia and Saudi Arabia: Ashwini Vaishnaw

At the end of FY25, the railways is expected to rank among the top three freight carriers globally, moving 1.6 billion tons of cargo

Govt announces that financial assistance scheme to enable faster growth of a homegrown shipping industry will be launched in Budget 2025

The shipping industry has long sought that the ministry of ports, shipping and waterways' (MoPSW) capital subsidy scheme – Shipbuilding Financial Assistance Policy (SBFAP) – be extended for shipbuilding by another 10 years under Amritkaal Maritime Vision 2047.

Karnataka: KSRTC terminates contract with private firm for cargo business

In 2020, KSRTC signed an agreement with Bengaluru-based Strategic Outsourcing Services as a business facilitator and launched 'Namma Cargo' services.

Logistics industry pushes for western DFC, steps to boost export in Budget 2024-25: Gateway Distripark Jt MD

Industry, government and stakeholders across the supply chain are working towards creating a robust and globally competitive logistics ecosystem which is the backbone of economic growth.

India plans to increase cargo movement via inland waterways, ports to 30,000 tonne per day by 2030, says Economic Survey

The Survey highlighted the importance of the shipping industry for India saying that "geopolitical tensions and export restrictions on food and fertiliser have emerged as key risks to India's rising export of goods and services."

Budget 2024 to boost logistics infra with multimodal connectivity: Allcargo CFO

The interim budget tabled in the Parliament, earlier this year, signalled the government's relentless focus on strengthening infrastructure and connectivity for a broad-based economic growth.

MC Exclusive | Vladivostok-Chennai route talks gather pace ahead of Modi's Russia visit, India pushing to operationalise it by year-end

Union Shipping Minister Sarbananda Sonowal is scheduled to visit Russia in September to participate in the Eastern Economic Forum.

Gateway Distriparks in the market to buy three new ICD terminals as part of expansion plans: Prem Kishan Gupta

The CMD of India's premier logistics company also sees stability even as the industry goes though a period of flux.

Adani Ports and Special Economic Zone handles 36.2 MMT cargo globally in April

APSEZ in a statement said growth recorded across most domestic ports, with Dhamra Port recording its highest ever monthly cargo of 4.38 MMT.

Alang ship recycling falls to 16-year low; only 125 ships scrapped in FY24

The government blames global financial slowdown, cost cutting by shipping cos for missing target and said it will instead focus on a five-year plan to revitalise the industry and offer scope to diversify to reduce dependence on one industry.

DHL Express report says globalisation resilient but geopolitical threats rising

India has improved its global connectedness rank by 5 positions to reach 62 out of 171 countries from the previous 67.

Budget 2024 paves way for inclusive and sustainable economic growth: Group CFO, Allcargo Group

The emphasis on enhancing port connectivity, developing railway corridors, and alleviating congestion in high-traffic corridors is set to enhance logistics efficiency.

CONCOR Q3 results: Net profit up 9.5% YoY at Rs 333.67 cr; revenue at Rs 2,210.57 cr

Apart from releasing the quarterly results, CONCOR informed the stock exchanges that its board has given the nod for an interim dividend of Rs 4 per share amounting to Rs 243.72 crore

Railways achieve 1154.67 MT freight loading till December 2023

The revenue from goods traffic earned by Indian Railways has gone up by Rs 4,626.92 crores to Rs 12,5106.2 crore during April-December in the current financial year from Rs 12,0479.3 crore in the same period last year.

Adani Ports raises cargo volume guidance for 2023-24

In the initial nine months of FY24, APSEZ managed around 311 MMT of total cargo, which is a healthy 23 percent on-year growth

Budget@10: Four ministers and 10 yrs later Indian Railways still running late and is unsafe

However, orders for new electric freight locomotives and Vande Bharat trains and the commissioning of 66.27% and 57.3% of the planned eastern and western dedicated freight corridors, respectively, are positives

KSRTC inducts 20 trucks into cargo arm, aims Rs 100 cr annual revenue by 2025

Karnataka State Road Transport Corporation plans to convert unused Peenya bus terminus into a cargo terminal

Average speed of goods trains on DFCs increases to 40 km/hour: Anil Saini, MD, Alstom India Rolling Stock

While the increasing speed of locomotives on the Western and Eastern DFCs has helped lower cargo movement time, a lot still needs to be done to reach the average speed goals of 75 km/hour, he said.

MC Exclusive | Govt aims to include phase-I launch plans of two major sea routes in the interim budget for 2024-25

The central government is eager to finalise plans for the two trade routes by February as it is expected to boost public sentiment ahead of the upcoming general elections, to be held between April and May 2024.