FedEx Small Business Grant Contest

Early this month, FedEx announced that Access Trax– a California based company that manufactures a foldable pathway that allows people with physical disabilities to access outdoor terrain– is the grand prize winner of its eighth annual FedEx Small Business Grant Contest. Access Trax will receive a $50,000 grant, plus $7,500 in FedEx Office® print and business services to help with its mission to empower people of all abilities to access the outdoors. To further support small businesses at this time, FedEx is committing $1 million to help small businesses that are struggling…

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Traffic Manager opening in a logistics firm

Candidate needed for the position of Traffic Manager in a startup logistics company. Desired candidate profile: 1) Candidates must have minimum 5+ year’s of work experience in Fulltruck Transport services company. 2) Should have good contact of open truck vehicles owners , 20ft ,32ft sxl mxl vehicles. 3)Candidates must have experience in placing minimum 100 and above vehicles per month in intracity , intrastate and linehaul movement. 4)Should have good experience in handling clients of Maharashtra, Gujrat and Goa , Karnataka, Tamil Nadu, Andhra Pradesh, Kerala, Telangana , West Bengal…

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Rs 50,000 crore investment for coal evacuation infrastructure

As part of its Rs 20 trillion fiscal stimulus package announcements (four rounds of announcements last week), finance minister Nirmala Sitharaman on Saturday informed about government’s plan of sweeping reforms in the coal and the mining sector. This would include Rs 50,000 crore expenditure in coal evacuation infrastructure. The infrastructure revamp has been planned keeping in view the enhanced CIL’s target of 1 billion tons coal production by 2023-24 as well as coal production from private blocks. The exercise would include  Rs18,000 crore worth of investment in mechanized transfer of…

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Industry status for warehousing, logistics in UP

Even as the Uttar Pradesh government is in the midst of dealing with the Covid-19 crisis, chief minister Yogi Adityanath has reportedly given his consent to a proposal which would provision for according industry status to warehousing and logistics sector. The initiative is expected to significantly bring down the cost of setting up logistics and warehousing units in the state. “Chief Minister had given consent to this proposal at a recent meeting as this sector had immense potential to create enormous job opportunities required as migrant labourers are returning from…

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Covid-19 creates new essentials on online platform

A range of “new essentials” is now becoming an integral part of online buyers’ shopping lists in India. According to e-commerce firm Snapdeal, every third shopper s buying products relating to safety & immunity. These include masks, sanitizers, traditional immunity boosters like Chyawanprash, vitamins, herbal health supplements etc.  Masks are the single largest purchased item in this category of new essentials, accounting for nearly 70% of the order volumes. The sale of masks has more than tripled in the last 30 days as greater awareness, easy availability and reduced prices have prompted more…

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DP World initiates online logistics platform

DP World has now unveiled cutting-edge online logistics tools and services, covering sea, land and air shipping around the world. Launched last month, the connected ecosystem of platforms will enable freight forwarders and any business, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air. The initiative represents a major step forward in digitizing the management of logistics to increase the efficiency, visibility and the resilience of global supply chains. DP World has accelerated the already planned roll-out of the…

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Record monthly dip in exports registered in April

Much on the expected lines, the lockdown situation in the country has resulted in a major crash in exports figure in the month of April. It dipped by a hefty 60.28 percent amounting $10.36 billion- biggest monthly decline in the past two and half decades. Responding to the figure, FIEO President Sharad Kumar Saraf said that lockdown measures due to Covid-19 across the globe has not only pushed the global business sentiments to its lowest but has also impacted the supply chain and brought slump in the economies across the world. 28 out of…

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TASID pushes for reforms, system upgradation for easing operations

Tamil Nadu Association of SEZ Infrastructure Developers (TASID) in a letter addressed to the Prime Minister’s office has appealed for immediate reforms in the SEZ sector to mitigate the impact of COVID-19 crisis. In the letter,  Sunil Rallan, Founder and President, TASID has emphasized the importance of moving all consent processes at various stages ‘online’ from submission until approval. It is expected to expedite the entire process and bring in ‘Ease of doing Business’ in the sector. He further emphasized the need to incentivize Foreign Supply Chains to relocate into SEZs with easy…

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eNAM touches 1000 mandis milestone

38 additional mandis were integrated with the eNAM last week,  thus achieving milestone of integration of 415 mandis as per the planned target. 38 Mandis integrated are in Madhya Pradesh (19), Telangana (10), Maharashtra (4) and One (1) each from Gujarat, Haryana, Punjab, Kerala & J&K. With the overall success of 585 mandis in Phase 1 and further expanding its wings to integrate 415 new mandis in Phase 2, the e-NAM platform now has a total number of 1000 mandis across 18 States & 3 UTs. The e-NAM is being…

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WOLP report indicates boom in warehousing post Covid-19

Welspun One Logistics Parks (WOLP) has come out with a report which projects an increase of 10% in Y-O-Y demand for Grade A facilities to a new total of 35% to meet additional unmet demands, as opposed to the earlier predicted industry demand of 25%.  “ Warehousing has overnight become the backbone for online grocers and other e-commerce businesses who struggle to service an unprecedented 3-5x rise in demand for essentials and are under pressure to scale operations following a massive fundraising. “At one end of the spectrum, the rising…

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