The government has prepared a road map for setting up 15 multi-modal logistics parks around major cities, which have a share of about 40% of country’s freight movement by road. With an estimated investment...
These savings can be achieved if the logistics costs are brought down to 9% from 14% of the country’s GDP. India can save up to $50 billion (around Rs 3.33 lakh crore) if logistics...
The government is set to kick off an ambitious scheme to track the movement of freight containers through a smart chip as it looks to speed up cargo movement and decongest ports. In the...
Cargo shipments at the Port of Long Beach were up 6.1% for the first three months of 2016 compared to the same period last year, starting the year off strongly. Lifted by big gains...
Mormugao Port handled 20.78 million tonnes (mt) cargo as compared to 14.71 mt handled during corresponding period of last year, an increase of 41 %. The traffic during the year mainly consisted of 3.57...
The Government has scaled down the freight handling target of Major Ports for the year 2016-17 after they failed to achieve 695 million tonnes (mt) set by the Shipping Ministry for 2015-16 as a...
Buoyed by an all-time record cargo handling of 76.38 million tonnes (mt) in 2015-16, Paradip Port Trust (PPT) plans to raise capacity from 118.50 mpta to 325 mpta by 2025 to become the country’s...
The Visakhapatnam port has handled 57.5 million tonnes (mt) of cargo during 2015-16 financial year, a little less than 58 mt handled during the previous year, according to sources. The sources said on Friday...
Krishnapatnam Port Company is looking at expanding its cargo handling capacity to 100 million tonnes (MT) by the end of this decade. Chief Executive Officer (CEO) and Director Anil Yendluri said recently, “We are...
Allcargo Logistics Limited has in-principle approved setting up a Logistics Park in the Jhajjar District of Haryana. The facility is expected to be operational by 2018, subject to necessary regulatory approvals and rail connectivity....
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