Niki Frank to spearhead DHL Global Forwarding India business

Global logistics major Deutsche Post DHL Group, which has a strong presence in India, has appointed Niki Frank as Managing Director for DHL Global Forwarding India division. According to a company release, Frank has spent the last seven years leading global transformation initiatives for DPDHL Group and DHL Global Forwarding, making major contributions to its pivotal growth strategy that saw the business revive its performance and regain market share since 2016. Frank most recently served as Senior Vice President for Global Business Strategy, and led the Certified International Forwarder (CIF)program…

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Amazon getting ready for drone delivery

Five years after Amazon CEO Jeff Bezos had expressed his intent to kickstart drone driven deliveries to the consumers, the company now appears to be close to making it a reality. The company has created a sensation by revealing a new design for its Prime Air delivery drones which could be pushed into the services sometime later this year. Capable of vertical take off and landing, the prime air delivery drones can travel upto 15 miles and can carry consignments weighing less than 5 pounds. The air carrier of the…

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SPOTON unveils logistics hub in Pune

Fast growing express logistics firm SPOTON LOGISTICS has opened a new hub near Pune with the primary intention of offering services to clients in pharma, automobile, electronics and other emerging sectors. The hub is located in  Chakan, near Pune –Nasik highway – and offers 120,000 sq feet space. The new facility is equipped with 23 bays, automated Dock Levelers, Forklifts and other modern material handling equipment, and offers storage capacity in excess of 650 tones and cross-docking facilities for simultaneous loading and unloading operations. “Located near Chakan, right next to Moshi, the new hub…

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IAN POULTER BECOMES DP WORLD’S FIRST GLOBAL AMBASSADOR

(Pix Courtesy: Company’s Website) Global logistics giant DP World has signed up golf legend Ian Poulter as the brand’s first Global Ambassador. The company recently confirmed this in a press release.   DP World’s partnership with the European Tour and ten-year flagship association with the DP World Tour Championship has helped the company to connect in a meaningful way with partners and customers in a variety of locations around the world, the release maintained.   “This is an incredibly exciting time for DP World as we continue to push new…

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Jindal Stainless to tap e-rickshaw market

After making preliminary moves in stainless steel bus bodies, railway coaches and wagons, Jindal Stainless is now eyeing for big-ticket opportunity in the fast growing e-rickshaw segment. According to a recent company release, Jindal Stainless is in talks with manufacturers to facilitate roll out of stainless steel electric rickshaws (E-rickshaws) and targeting a 25% share of the total E-rickshaw market in India over the next two years fetching estimated revenue of Rs 200 crore. “Indian E-vehicle market will be one of the biggest in the world and we are ready…

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Vodafone promises to cover entire family @ Rs 999

Telecom major Vodafone Idea has announced new postpaid plans for Vodafone customers targeting the entire household. The new portfolio under Vodafone Red Together will enable customers to bring the entire family onto postpaid under one plan at just INR 999 per month. The new 999 plan comes with 5 connections thereby bringing down the rental per connection to just Rs 200. Speaking about the new postpaid plans, Avneesh Khosla, Operations Director – Marketing, Vodafone Idea Limited said, “We are constantly looking at ways to deliver value to our consumers through relevant propositions. Customers can now…

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APSEZ reports cargo throughput exceeding 200 MMT in FY19

The logistics arm of Adani group, Adani Ports and Special Economic Zone (APSEZ), has reported a hefty double-digit jump in cargo throughput during 2018-19. The company recently announced its annual result which underlines a cargo volume jump of 15 percent in FY19 taking the actual throughput to beyond 200 MMT mark.   The report maintains that the flag ship Mundra port grew by 13 percent while Hazira and Dahej grew by 16 and 30 percent respectively. The Southern port of Kattupalli registered a growth of 18 percent. All segments of…

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TCI reports over 17 percent revenue growth

Domestic logistics major, Transport Corporation of India (TCI) has reported a major jump in its critical financial numbers in 2018-19. Announcing its annual report recently, the company reported its consolidated revenue rising to Rs 2773 crore as against Rs 2364 crore registered in 2017-18. This marks a jump of 17.3 percent over last year. Interestingly, its PAT number has also grown by 17.3 percent – from Rs 123 crore in FY 18 to Rs 145 crore in FY19. Commenting on the performance,  Vineet Agarwal, Managing Director TCI stated, “All the…

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UPS makes largest renewable natural gas purchase

UPS (NYSE: UPS) recently signed an agreement with Clean Energy Fuels Corp.(NASDAQ: CLNE) to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026. This is the largest commitment for use of RNG to date by any company in the United States, with a range of 22.5 – 25 million gallon equivalents per year. RNG is a key part of UPS’s strategy to increase alternative fuel consumption to be 40% of total ground fuel purchases by 2025, supporting the logistics leader’s efforts to reduce the absolute greenhouse gas (GHG) emissions…

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Shadowfax brings Shamik Sharma on board

Shadowfax, an emerging name in the domestic logistics space, has announced the appointment of Shamik Sharma as an Independent Board Director,another strategic hiring in quick succession. With this announcement, the company aims to bring in a strong technical and business mentorship as it pursues its fast growth trajectory. The company aims to focus on consistency, quality control, business planning along with financial acumen for overall robust growth in the long run. Shamik brings many years of solid experience building technology-driven business in the Silicon Valley as well as in India. He was a successful…

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