Decline continues in global air cargo business

According to WorldACD latest report, the decline in the global air cargo business continued in the March as well after a steep drop witnessed in February. The volume decline is estimated to be in the range of 3.1 percent. The data has been compiled on the basis of analysis of 36 different geographical markets across the world. Asia Pacific has been the worst hit with the overall reported decline of 7.6 percent in Q1. As much as five trade lanes from Asia Pacific have shown steep declining trends – Asia…

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ITC’s B Natual now available in transparent PET bottles

ITC’s Foods Division has launched the country’s first premium fruit beverages in Aseptic PET bottles with no added preservatives for its B Natural offerings. B Natural’s entire range is “not made from imported concentrates” but with Indian fruits sourced only from Indian farmers. The launch range will comprise of three variants which cater to the Indian consumer palette – Himalayan Mixed Fruit, Ratnagiri Alphonso and Dakshin Pink Guava which are made with fruits that are procured from the pristine orchards of Himalayas, Ratnagiri and Dakshin Karnataka. The range will be available across major Modern…

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Zomato to set up warehouse network at strategic locations

According to a recent report by a news agency, online food company Zomato is planning to create an expansive warehousing network in the country particularly targeting strategic locations. The report underlines that the company has decided to open 20 additional warehouses by the end of 2020 by making an investment of Rs 56 crore under its B2B platform Hyperpure.   “We will be adding 20 more warehouses by end of 2020 across the country. To set up a hyperpure warehouse, the approximate investment is USD 4,00,000 (about Rs 2.8 crore).…

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DHL SmarTrucking bags logistics partner contract from Singer India

DHL SmarTrucking, the latest vertical added by Deutsche Post DHL (DPDHL) Group in India aiming to encash the emerging opportunities in the road express business, has bagged a major contract from Singer India – a leading manufacturer of sewing machines and home appliances, to transport their products across India. The company will be providing transportation support to Singer India on 11 critical routes. Sanjeev Sharma, Chief Sales Officer, DHL SmarTrucking, said, “Every customer win is a testament to our commitment and expertise in the logistics sector. We are focused to…

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Air France- KLM initiates real-time air cargo eBooking

The cargo wing of global aviation major Air France KLM Martinair Cargo has joined hands with WebCargo to offer instant pricing, capacity and booking for over 1,400 forwarders. New digital service introduced by the airline would enable forwarders on the world’s largest air freight platform, WebCargo, to instantly view live rates, assess capacity availability, and secure cargo bookings on specific flights in real-time. This will ensure improved transit times and significant cost savings for airlines, forwarders and shippers, as well as improved capacity utilization.  “Air France KLM Martinair Cargo is…

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CODEX solution helps Tuticorin Customs in speedy IGST refunds

According to a recent press statement by logistics tech solution provider Kale Logistics, V.O. Chidamabaranar (Tuticorin) Port and Tuticorin Customs have managed to significantly cut the turnaround times for IGST Tax refunds to exporters, post the implementation of its Container Digital Exchange (CODEX) platform. The company claims that CODEX is the first and only platform which has helped the IGST Refund process for the Indian exporter from a high of 90+ days to an optimum of 7 days. “Refund of IGST on exports has been one of the widely debated…

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World Economic Forum kictstarts ‘Blockchain for Supply Chains’ project

Taking into the account the growing need of modernizing trade supply chains, Switzerland based World Economic Forum (WEF) has brought together over 100 global supply chain leaders to kickstart a unique project –  “Redesigning Trust: Blockchain for Supply Chains.” The key focus of the project would be to standardize blockchain apps relevant for the industry. A press release from the agency has notified major global agencies, both public and private, joining this project. This includes over 20 governments, major shippers and supply chain suppliers including Maersk, Hitachi, Mercy Corps, Korea Customs…

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Domestic air cargo growth moderates in FY2019

The growth in both domestic passenger and air cargo traffic has declined in FY 2019. According to an analysis paper by leading credit rating agency, “the cargo traffic growth at Indian airports moderated to 6.0% in FY2019, as against double-digit growth witnessed over the last two years. The growth slowdown was primarily driven by international cargo segment, which accounts for 62% of the total cargo traffic, and reported Y-o-Y growth of 2.6% in FY2019 as against 15.6% in FY2018. On the other hand, domestic cargo traffic has witnessed robust Y-o-Y…

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VIP service for Huawei P30 Pro customers in India

Huawei P30, the latest blockbuster in the global handset arena giving a major boost to its manufacturers’ standing in the space, will be offered with a special sales pitch to customers in India. Huawei Consumer Business Group India has announced special VIP services for the newly launched Huawei P30 Pro smartphone which primarily includes effortless and free pick and drop service for their handset across India. Another major highlight of this offering would be record speed turnaround time with fast and best-in-class repair time as part of their VIP Customer…

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BookMyForex to offer International SIM in partnership with WorldSIM

BookMyForex.com, India’s premier marketplace for foreign exchange and remittances has joined hands with WorldSIM, a leading British mobile virtual network operator, to offer International SIM to its customers. Customers will now be able to buy International SIM at the click of a button on BookMyForex platform and get free door-step delivery across India. This association will enable customers to save on international voice and data usage abroad apart from the savings on foreign exchange that BookMyForex offers. Commenting on the association, Nitin Motwani, Founder and CTO, BookMyForex.com said, “We are excited to partner…

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