DP World’s acquisition of Unifeeder gives easy access to European ports

Global logistics infrastructure giant DP World has completed the acquisition of 100% equity of the Unifeeder Group (“Unifeeder”) , an integrated logistics company with the largest and best-connected feeder and growing short sea network in Northern Europe. Unifeeder has easy connectivity with 100 big and small ports in the region and DP World has acquired the company for a reported sum of €660 million. Unifeeder operates the largest and most densely connected common user container feeder and an important and growing short sea network in Europe, serving both deep-sea container…

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DTDC strengthens back-end security structure

Domestic express distribution major DTDC has strengthened its back-end security structure by deploying the advanced version of Fortinet Security Fabric. Fortinet (NASDAQ: FTNT), is a leading global player in broad, integrated and automated cybersecurity solutions. The move is meant to respond to the increasing cyber threats. The company decided to upgrade its existing firewall implementation to segment and control its network. The growing business demanded advanced threat protection capabilities with higher throughput to provide real-time connectivity and support for its end-to-end consignment tracking and tracing of shipments. The refreshed Fortinet…

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Raj Subramaniam to take command as FedEx Express CEO

  There would be a change in guard in the top tier FedEX Express from the beginning of the next year. The company has announced Raj Subramaniam, currently executive vice president, chief marketing and communications officer of FedEx Corporation, succeeding the current CEO David Cunningham. David is retiring after a very successful career of 36 years.  Subramaniam has been with FedEx for more than 27 years and has held various executive level positions in several operating companies and international regions. He began his career in Memphis and subsequently moved to…

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WTTCII appoints Spicejet chief as Vice-Chairman

The Indian chapter of world’s leading tourism body, World Travel & Tourism Council (WTTC), has appointed Spicejet CMD as Vice-chairman for 2019. The decision was taken at the recently held Annual General Meeting of the World Travel & Tourism Council, India Initiative (WTTCII) in New Delhi. “I am delighted to take over as Vice Chairman of WTTCI. India’s culture and diversity make it a land of unlimited opportunities. Our travel and tourism industry has enormous potential but it faces numerous challenges, of which the most critical is lack of appropriate…

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flydubai announces new fare structure for economy class

Dubai-based flydubai has launched new fare structure for its economy class passengers. The new fare types are applicable for all bookings made from 02 December onwards and allows passengers to choose between Lite, Value and Flex bundles designed to cater to their different travel needs and budget. Commenting on the launch of the new fare structure, Hamad Obaidalla, Chief Commercial Officer at flydubai said: “The new fare restructure is the latest in a series of product innovation by flydubai which has seen the introduction of an award winning new cabin…

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De’Longhi joins hands with Orient Electric in India

 Renowned Italian small home appliances maker De’Longhi has forged a strategic alliance with CK Birla group company, Orient Electric to promote the sale of key  products in the Indian market under the marquee brands of – De’Longhi, Kenwood and Braun. Orient will have the exclusive rights of sales and marketing of De’Longhi products. Rakesh Khanna, MD & CEO, Orient Electric commented, “De’Longhi Group is known for its quality, innovation and design and with our strength of distribution, marketing and service, we are confident that our association will unlock many opportunities…

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Acko-Blackbuck to introduce cashless insurance offering for CVs

Leading insurance firm Acko is collaborating with trucking logistics platform Blackbuck to introduce a new insurance product for commercial vehicles segment. The technology based product is meant to ease document processing for commercial vehicle owners by facilitating online payments and cashless settlements. “Acko and BlackBuck share a digital DNA and have a flair for simplifying the complicated. Through this partnership, Acko will assist the Fleet owners and partners of BlackBuck with a trouble-free, tech-backed insurance that will expedite claim settlement through GPS data and help build an efficient trucking ecosystem”,…

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Gloy to spearhead Lufthansa cargo operations

At the beginning of 2019, Harald Gloy will get find a berth in the Executive Board of Lufthansa Cargo AG with the responsibility for Operations. The 46-year-old industrial engineer will replace Sören Stark who has been operational head since since April 2016. Soren has now been elevated to the position of COO of Lufthansa Technik. Gloy is currently responsible for global component services at Lufthansa Technik and is also the spokesperson for the division Board. Previously, he held managerial positions in the area of engine and aircraft base maintenance.“I am…

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HighJump launches advanced solutions for small parcel

US- headquartered  HighJump, a global provider of supply chain solutions, has now launched advanced version of its HighJump Ship solutions.  HighJump’s multicarrier shipping solution are meant to benefit small parcel and less-than-truckload (LTL) shipments.   The company claims that the advanced solutions respond to the greater complexity for the supply chain with the rapid growth of ecommerce and ship-from-store fulfillment and help  warehousing and logistics professionals to handle new business models more efficiently. “The evolution of HighJump Ship brings powerful capabilities to control, simplify and globalize last-mile delivery,” said Sean Elliott, chief technology…

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A.P. Moller – Maersk reports significant revenue growth in Q3

Global logistics and container shipping giant, A.P. Moller – Maersk has reported significant revenue growth in its ocean and non-ocean businesses in the third quarter. In a press release giving the details of its performance in Q3, the company has maintained registering a total revenue increase of 31% to USD 10.1bn, 12% excluding Hamburg Süd.   “Well into our transformation, we are progressing with the integration of our business to better serve customers and unlock the full growth potential within Logistics & Services. As a result, I am pleased to see revenue…

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