Maersk delivers robust Q2 financial numbers

Global shipping major A.P. Moller – Maersk has reported a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year. Revenue grew slightly to $ 9.6bn, which is on par with last year, and the underlying profit increased to $ 134m from USD 15m in Q2 2018.  “Q2 was a quarter of solid progress. EBITDA was up 17% and cash flow improved 86% year on year, driven by continued recovery in Ocean,” says Søren Skou, CEO…

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DB Schenker to partner Western Sydney logistics hub project

DB Schenker has become a Foundation Partner of the Western Sydney Aerotropolis, a commercial and logistics hub that is being developed in the vicinity of the new Western Sydney Airport. A Memorandum of Understanding (MoU) was signed in Berlin recently by Gladys Berejiklian, Premier of the State of New South Wales, and Alexander Doll, Member of the Board of Management for Finance, Freight Transport and Logistics Deutsche Bahn AG and Chairman of the Supervisory Board of DB Schenker. Alexander Doll said: “The Aerotropolis is set to become a pioneering project…

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Gateway Distriparks rejigs its top management team

At the board meeting held on 14th August 2019, the Board of Directors of Gateway Distriparks have appointed Sachin Bhanushali as the CEO of the company, in addition to his existing role as CEO and Whole Time Director of the wholly owned subsidiary Gateway Rail Freight. Capt. Kapil Anand who is currently heading the CFS vertical, will be stepping down as his term comes to an end on 30th September 2019. In addition, R. Kumar who is currently CFO, Dy. CEO and Company Secretary retires on 30 September 2019. The…

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Snowman Logistics reports revenue growth of 11%

During the quarter ending June 30, 2019, Snowman Logistics recorded a revenue of Rs. 62.07 crores as against Rs. 55.76 crores for the same period in the previous year, registering a growth of 11%. EBITDA increased to INR. 16.25 Crores from INR. 13.69 Crores, due to an Ind-AS adjustment of INR. 3.28 crores, registering a 19% growth for the same period in the previous year. Speaking about the quarter performance, Sunil Nair, CEO, Snowman Logistics , “Revenues have mainly increased due to increase in transportation business. In this Quarter, there has been an…

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UPS invests in autonomous driving company

UPS Ventures, the venture capital arm of global logistics major UPS has made a minority investment in autonomous driving company TuSimple. Together, both companies are testing self-driving tractor trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS® network. This is an extension of the ongoing commercial relationship between UPS and TuSimple in which UPS has purchased transportation services from TuSimple. “UPS is committed to developing and deploying technologies that enable us to operate our global logistics network more efficiently,” said Chief…

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Flipkart joins hands with NSDC to train 20k supply chain workforce

Domestic e-commerce major Flipkart has joined hands with National Skill Development Corporation’s Logistics Sector Skill Council (LSC) to prepare a sizeable pool of trained supplychain workforce for the future. In a statement released on Sunday, the Walmart owned company confirmed that in association with LSC, it will be training 20,000 of its delivery executives across the country.   “This is the first ever partnership between an e-commerce company and LSC…Flipkart envisions to have a robust training programme along with LSC for its additional 30,000-strong supply chain workforce,” Flipkart said in…

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Tupperware adds e-tail, outlets to expand its reach in India

Tupperware® synonymous with kitchenware, homeware and culinary solutions, has nnounced rolling out a multi-channel strategy effective August 2019 in India adding e-tailing and physical outlets to its direct sales portfolio. India is the first country where Tupperware has taken the online route while it has been operating physical outlets in countries like China and Brazil for quite sometime.   As a direct selling brand, Tupperware has been a leading role model in India and has built a family of 70,000 strong consultants and distributors. Speaking about the business transformation, Deepak Chhabra,…

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FedEx commits further $450 million investment in Memphis hub

Even as the recent scrapping of FedEx– Amazon business deal has grabbed the attention everywhere, the global logistics giant has announced further investment plans at its global hub in Memphis. Early this month, Tennessee Governor Bill Lee joined FedEx executives to announce an additional $450 million investment which will accelerate the modernization and expansion project of the global hub. In March 2018, the company had committed over $1.5 billion in the expansion and modernization of the hub. The FedEx World Hub is supported 11,000 team members and 163 aircraft gates…

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Honda 2Wheelers- Shell launch a new range of engine oil

 Honda Motorcycle & Scooter India and Shell Lubricants, the global market leader in finished products, have entered in a strategic partnership to launch a new range of engine oil. The partnership marks India as the first ever market for collaboration between Honda 2Wheelers and Shell Lubricants in the two-wheelers oil category.   According to an official release, the new range is specially formulated with Shell’s technological now-how matched to Honda’s advanced vehicular blueprint. The range provides several enhanced benefits like improved pick-up and acceleration, better fuel economy, engine protection in high…

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Gateway Rail’s ICD near Ahmedabad commences operation

Gateway Rail Freight – a subsidiary of Gateway Distriparks –  has added one more Inland Container Depot (ICD) to its network. On 26th of July, the company formally unveiled operations at Viramgam near Ahmedabad. The inauguration was marked by flagging off the first export train service from Viramgam carrying export containers of Honda Motorcycle and Scooters India Ltd (HMSI). Sachin Bhanushali, Director and CEO, GatewayRail said, “We are committed to offering a reliable rail transportation service for imports and exports from our Viramgam ICD which would make a fundamental difference in the Intermodal…

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