KPMG India and Arkieva, a global leader in supply chain planning solutions, announced a strategic alliance to deliver successful supply chain transformation projects. The alliance will look to help businesses unlock the complete potential of their supply chains and enable smarter, resilient, and future-ready supply chain ecosystems. From planning to delivering, Arkieva’s technology and advanced analytics enabled supply chain planning solutions combined with KPMG in India’s strength in Business Consulting, the alliance will help businesses plan more proactively and enable them to have a clear s ..read more

“Construction of several highways and expressways have facilitated a seamless movement of cargo from towns to the airports thereby trimming total time consumed in road transportation, says Sunil Kohli, MD, Rahat Cargo. He adds, “Upgradation of domestic airports and having them equipped with essential infra apart from in-house functional process needs to be considered to achieve the desired results. The government’s initiatives have initiated several moves to ensure improvisation of multimodal transportation and connectivity. India launched PMGS to herald a new chapter in governance. PMGS bring ..read more

Global air freight rates were slightly changed in the week to April 22, according to the latest data from TAC Index, the leading price reporting agency on air freight markets. The overall Baltic Air Freight Index calculated by TAC was up a tad (+0.1 percent), leaving it at -8.2 percent over 12 months – a second successive week of little change after a series of rises over the previous six weeks. There was little evidence of any immediate impact on prices caused by severe rain in the Middle East and disruption in major hubs like Dubai, the update added. “Rates on the big lanes out of China cont ..read more

Nikhil Agarwal, President, CJ Darcl Logistics says, “The Indian logistics sector is poised for significant growth, with the market expected to see a major transformation. Government initiatives like PM Gati Shakti and NLP are driving this progress by focusing on infrastructure development and reducing logistics costs. This includes projects like Bharatmala (roads), Sagarmala (shipping), Udan (airports), and Dedicated Freight Corridors (rail). India’s logistics journey is still maneuvering its way through infrastructure gaps, limited digitalization requiring increased investment in roads, rails ..read more

“India’s logistics sector plays a crucial role in its economic framework and is currently undergoing a transformative shift towards multimodal transportation. In 2024, the government’s strategic interventions aim to enhance efficiency and reduce logistical costs, historically at 14% of GDP, above the global average,” shares Xerrxes Master, President, AMTOI. “Key infrastructure projects like the Dedicated Freight Corridors (DFCs) have made strides yet face challenges in integration and digital upgrades. The focus on rural road quality under Bharatmala and growth in air cargo volumes signify pro ..read more

DHL Group has taken a proactive step by expanding its GoHelp programme to the continent. The programme will utilise DHL’s logistical expertise and global network to aid disaster-affected communities. DHL has partnered with the United Nations since 2005 to volunteer its logistics proficiency and international network for global relief efforts. DHL is conducting its first training session for the Disaster Response Teams (DRTs) in Europe at Istanbul International Airport from April 19-21. Attended by 50 employees, this training marks a pivotal step in enhancing regional disaster preparedness and ..read more

Air cargo software firm Nallian has integrated payment platform PayCargo into its cargo slot management system to help speed up the process of picking up cargo from airports. The partnership means that freight forwarders and trucking firms can book a pick-up slot from handlers using the Nallian Truck Visit Management System and the PayCargo system will manage all payments and transactions related to the import cargo. The companies said this means that upon arrival, drivers no longer have to wait to make payments and can immediately proceed to the dock door assigned to them. “This integrated ap ..read more

Container Corporation of India (CONCOR) and PSA MESA Supply Chain (PSA MESA) signed a Memorandum of Understanding (MoU) on April 18, 2024, in New Delhi to collaborate on providing seamless and cost-effective end-to-end logistics services to customers. CONCOR, a leading logistics service provider in India, operates more than 60 container terminals across the country. PSA MESA is a wholly-owned subsidiary of PSA International, a global port operator, offering integrated and port-centric supply chain, transportation, and logistics solutions through its supply chain business arm, PSA BDP. The MoU ..read more

Maersk announced an upgrade to its ME2 ocean service to include port calls in North Europe, namely Rotterdam, Felixstowe and Bremerhaven. The future port rotation of the ME2 service will be Port Tangier – Algeciras – Rotterdam – Felixstowe – Bremerhaven – Port Tangier – Salalah – Jebel Ali – Mundra – Nhava Sheva – Port Tangier, says an official release. This extension of the ME2 service to key destinations in North Europe will benefit North India’s exporters, particularly those in the lifestyle and retail sectors. With upgraded service, manufacturers and exporters will get expedited access to ..read more

Average global air cargo rates held steady in the second week of April, equaling their level in the equivalent week the previous year for the first time since mid-2022 despite a drop in tonnages partly linked to Eid. Average global rates remained flat in week 15 (April 8-14) at $2.52 per kilo, following consecutive weekly WoW rises of between two-three percent in the previous six weeks, according to the latest weekly figures and analysis from WorldACD Market Data. “Total worldwide tonnages fell by three percent in week 15 with particularly big WoW declines from Pakistan, Bangladesh and the UAE ..read more