E-commerce, express business drive DHL’s record growth

The world’s leading logistics company Deutsche Post DHL Group recently announced preliminary results for 2020 which is far better than market expectations considering Corona led troubles last year. The group has reported improving its operating profit (EBIT) to a record of EUR 4.840 billion and with this significantly outperformed its earnings guidance of EUR 4.1 to 4.4 billion for financial year 2020. With its broad range of logistics services, the Group benefited from the rise in global e-commerce activities and increased consolidated revenue by 5 percent to EUR 66.8 billion in…

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Mahindra Logistics introduces Electric Last-Mile Delivery Service

 Domestic 3PL major, Mahindra Logistics has launched its cargo last-mile delivery service under the brand name ‘EDel’. This new service line of sustainable last-mile logistics and fulfilment with ‘EDel’ would particularly be deployed to serve customers in E-Commerce, FMCG,etc. EDel would initially operate across 6 major cities in India including Bengaluru, New Delhi, Mumbai, Pune, Hyderabad and Kolkata, before expanding to a total of 14 cities in the next 12 months. EDel will deploy a fleet of EVs starting with 3W vehicles, designed for cargo applications. The fleet will be deployed by MLL in collaboration with…

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Tata Motors’ unique ‘go green’ drive on commercial vehicle sale

Tata Motors, India’s largest commercial vehicle manufacturer, along with its channel partners, has announced the launch of its ‘Go Green’ initiative in line with its commitment to environment sustainability. Under this initiative, Tata Motors, in association with an NGO, will plant a sapling for the sale of every new commercial vehicle and for every new customer who gets their vehicle serviced at the company’s dealer workshop and Tata Authorised Service Station. The company will nurture the sapling and bestow the customer with a certificate and a link with the geotagged…

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Rapido Auto extends to 11 additional cities in India

Rapido, India’s largest bike taxi platform, has announced the expansion of Rapido Auto services in 11 additional Indian cities including Delhi/NCR.  The service will give access to commuters to book autos for their everyday commute from the comfort and safety of their home. Rapido Auto service was launched in 14 key Indian cities across 10 states in October 2020 and witnessed an overwhelming response and demand leading to the expansion of the service. This service will be part of the shared mobility business model. Rapido Auto, with the 11 additional…

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A.P. Moller – Maersk reports improvement in profitability in Q3

Global shipping major A.P. Moller – Maersk has reported improved profitability across the business in the third quarter despite the negative impact on global economies from the COVID-19 pandemic. The company grew earnings before interest, tax, depreciation and amortisation (EBITDA) 39 pct. to USD 2.3bn with revenue decreasing 1.4 pct. to USD 9.9bn. According to a company release, the performance increase was based on a stringent costs control, agile capacity management, strong focus on customer offerings with further traction in uptake of digital services, and some benefit from a sequential…

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Cochin Shipyard begins building vessels for Asko Maritime

Plate cutting ceremony of the two Autonomous Electric Vessels being built for ASKO Maritime AS, Norway was held on 25 Nov 2020 at Cochin Shipyard Limited, Kochi. Cochin Shipyard Limited (CSL), Kochi had signed contracts for construction and supply of Two (2) nos Autonomous Electric Ferry for ASKO Maritime AS, Norway with an option to build 2 more identical vessels on 15th July 2020. This Autonomous Electrical vessel project is an ambitious project in Norway partially funded by the Norwegian Government aimed at emission-free transport of goods across the Oslo…

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MAHLE touches century mark

Global technology firm MAHLE, which is particularly known for its expertise in the mobility component space, has notched the unique feat of touching the century mark. December 1, 2020, marks the 100th anniversary of the company’s founding and it was on that day that the foundation stone for today’s MAHLE Group was laid in Stuttgart. The course for this success was charted by the brothers Ernst and Hermann Mahle, whose technological pioneering spirit is something the company is still renowned for today. MAHLE is now broadly positioned in the areas…

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Star Air begins commercial flight between Kalaburagi- Hindon

The first direct flight operations from Kalaburagi, Karnataka to Hindon Airport, Ghaziabad, Uttar Pradesh were flagged off recently under the RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik). Flight operations on the Kalaburagi – Delhi (Hindon) route is in line with the commitment and perseverance of MoCA and AAI to enable the country with better air connectivity under the UDAN scheme. The airline, Star Air was awarded the Kalaburagi – Hindon route under the RCS-UDAN-3 bidding process last year. The airline will be operating three weekly flights on…

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Daimler India Commercial Vehicles unveil 10 new touchpoints

 Daimler India Commercial Vehicles (DICV) recently inaugurated 10 new touchpoints for BharatBenz commercial vehicles in an online event celebrating Diwali. Together the new facilities will add around 300,000 sqf of workshop space including more than 40 mechanical bays. This increases the network’s monthly service capacity to over 40,000 vehicles a month and significantly improves the brand’s reach in regional areas. Satyakam Arya, MD & CEO, Daimler India Commercial Vehicles, said, “As our made-for-India brand BharatBenz reaches new heights, we continue to invest in the future. The ten new touchpoints we open…

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Bata India shows signs of recovery

Footwear major Bata India announced results for the quarter ended 30 September 2020 which shows a marked improvement over the previous quarter performance. Revenue from operations for the quarter stood at Rs. 3679 million showcasing steady signs of a steady recovery after a dull first quarter. The net loss stood at Rs. 444 million, as against a loss of Rs. 1011 million in the previous quarter ended 30th June 2020 . In a press release, the company maintained that since the opening up of the economy in June, it has…

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