Truck freight rates recover on most of the trunk routes in July
Truck freight rates on trunk routes saw a slight increase in July after two months of decline, driven by improved cargo availability. Manufacturers have ramped up supplies in anticipation of higher...
View ArticleDeendayal Port Authority, Kandla has achieved the fastest 50 MMT
Amidst the highly volatile and uncertain situation building up in the Middle East in the past few days, and the continuing tensions in the shipping industry due to the recent ship attacks in the Red...
View ArticleNow an industrial powerhouse, Kutch set for new airport at Kandla port
Kutch, which rose from the 2001 quake debris to an industrial powerhouse, is set to get a major boost with chances of a greenfield airport at Kandla brightening. Deendayal Port Authority (DPA), which...
View ArticleSAIL Q1 net profit down 61% to Rs 82 crore as cheaper imports hit realisations
Steel Authority of India Ltd (SAIL) reported a 61 percent year-on-year fall in consolidated net profit at Rs 81.78 crore for the June quarter of the financial year 2024-25, amid weaker domestic steel...
View ArticleRVNL Q1 results: Net profit falls 35% to Rs 224 cr on reduced income
State-owned Rail Vikas Nigam Ltd (RVNL) on Thursday posted around 35 per cent fall in consolidated net profit to Rs 223.92 crore during the June quarter of FY25, mainly on account of reduced income. It...
View ArticleDBGT hosts eye camp for truck drivers in Gangaikondan
Dakshin Bharat Gateway Terminal (DBGT) organized an Eye Camp specifically for Truck Drivers in Gangaikondan. This event is part of DBGT’s ongoing Corporate Social Responsibility (CSR) initiatives aimed...
View ArticleSnowman Logistics registers 9% growth in revenue in the first quarter...
During the quarter ended June 30, 2024, the recorded during the quarter ended June30, 2024, Snowman Logistics Ltd recorded revenue of INR140.23 Crores as against INR 128.77 Crores for the same period...
View ArticleAircraft MRO industry likely to reach USD 4 billion in seven years: Minister...
The government has taken several steps to facilitate setting up of aircraft MRO services in India and the value of the total business may go up from USD 2 billion to USD 4 billion in seven years, Civil...
View ArticleLogistics cost will be below 9% of GDP by April next year, says Gadkari
India’s logistics cost will come down to 9 per cent of GDP by April next year, Union Minister Nitin Gadkari said on Thursday. Addressing an event here, Gadkari further said the country’s exports will...
View ArticleMinister of state Praful Pansheriya visited deendayal port kandla
Shri Praful Pansheriya, Hon’ble Minister of State for Parliamentary Affairs, Primary, Secondary & Adult Education and Higher Education, Govt. of Gujarat, visited Deendayal Port Authority (DPA),...
View ArticleIndia and Bangladesh trade resumes from Petrapole land port amid tight security
Trade between India and Bangladesh through Petrapole land port in West Bengal, resumed Thursday morning amid tight security, officials said. The two South Asian neighbours’ trade came to a halt on...
View Article10th edition of the Coastal Multimodal Logistics Summit to be held in Kochi...
Senior officials from the government and private sector will congregate in Kochi today to discuss the opportunities and challenges in developing India’s coastal multimodal logistics sector, organized...
View ArticleJindal Steel and Power reduces dependence on Australian coking coal by 50 pc
Jindal Steel and Power Ltd (JSPL) on Thursday said the company has diversified its coking coal sourcing, thus reducing dependence on Australia for the key raw material by over 50 per cent. The...
View ArticleShipping Corporation’s Q1 net profit jumps 70% to Rs 292 crore
Shipping Corporation of India (SCI) on August 9 reported a 70 percent jump in net profit at Rs 291.5 crore in the first quarter of FY25, compared to Rs 171.6 crore in the year-ago period, the company...
View ArticleContainer Corporation of India posts Q1 profit rise on volume growth
Container Corporation of India posted a 5% rise in first-quarter profit on Thursday, aided by strong cargo volume growth. Consolidated net profit rose to 2.58 billion rupees ($30.7 million) for the...
View ArticleMahindra Logistics, Sangti Solutions to offer emission analytics
Mahindra Logistics, one of India’s largest integrated logistics solutions providers, and Sangti Solutions, an AI powered sustainability startup, announced a technology collaboration offering emission...
View ArticleFive wagons of goods train derail in Bengal, none injured
Five wagons of a loaded goods train derailed near Kumedpur station in West Bengal’s Malda district, a senior official said. Northeast Frontier Railway (NFR) Chief Public Relations Officer Sabyasachi De...
View ArticleTata Sons to consolidate cargo ops under one entity – report
Tata Sons intends to consolidate cargo operations across its four airlines and bring it under a single umbrella, an unnamed official from Air India (AI, Delhi International) has told The Economic Times...
View ArticleKerala Govt proposes multi-purpose berth at Ponnani port under Sagarmala Scheme
The Kerala Maritime Board has submitted a proposal to the Ministry of Ports, Shipping, and Waterways for the construction of a multi-purpose berth at Ponnani Port, a non-major port under the...
View ArticleEssar Shipping posts Rs 34.53 crore loss in Q1
Essar Shipping on Thursday reported a consolidated loss of Rs 34.53 crore in the first quarter ended June 2024. The company had clocked a profit of Rs 26.13 crore in the corresponding quarter a year...
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