Indian Transport Logistics News

#Bigbasket, a Tata Group enterprise, has launched BB Matrix, a SaaS-based supply chain platform that offers complete visibility across the entire supply chain to enterprises globally. Spearheaded by 𝐇𝐚𝐫𝐢 𝐌𝐞𝐧𝐨𝐧, Co-Founder and CEO, bigbasket.com, and Rakshit Daga, Chief Product and Technology Officer, Bigbasket, Tata BB Matrix is said to be capable of offering next-generation supply chain solutions to cut costs and increase productivity. The SaaS-based solution has made it possible to reduce transportation costs by nearly 50 percent, lower the lead time by around 60 percent, and ensure up to 100 percent supply chain visibility, with its cutting-edge solutions. Manish Mishra, #BBMatrix #TATA #SupplyChainPlatform #TransportationCostReduction #LeadTimeReduction #TechInLogistics #SupplyChainManagement #Logistics #ITLNLogistics

June was a great month at the #PortofLosAngeles, capping off a stellar first half of the year: 𝐆𝐞𝐧𝐞 𝐒𝐞𝐫𝐨𝐤𝐚 The Port of Los Angeles processed 827,757 TEUs in June, a 10 percent increase over the previous month and less than one percent compared to last June, which was the Port’s best month in 2023. #CargoVolume #June2024 #Shipping #MaritimeLogistics #CargoHandling #PortOperations #SupplyChain #Logistics #LosAngelesPort #ITLNShipping

Pradhaan Air Express, #India's first dedicated air cargo carrier, launched its inaugural flight from Mumbai to Tashkent, Uzbekistan, carrying 65 tonnes of vaccines from the Serum Institute of India. "We are proud to be a part of this milestone, which marks the beginning of a new era in India's air cargo industry," says Nipun Anand, Founder, #PradhaanAirExpress. "Our goal is to secure India's position on the global map as a dominant player in air cargo while strengthening the country's pharma reputation. We are committed to providing efficient and reliable logistics solutions to support the growth of the pharma industry." Serum Institute of India Pvt. Ltd., Airbus, #MaidenFlight #AirbusA320 #MumbaiToTashkent #VaccineTransport #SerumInstituteOfIndia #Mumbai #Tashkent #AirCargo #aviation #ITLNAviation 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/dRhih__U

#Roadcast, a SaaS-based logistics automation platform, is collaborating with Accelerated Money for U (#AMU), a non-banking financial company (NBFC), specialising in financing electric vehicles (EVs). Rahul Mehra, Nehal Gupta, #AcceleratedMoneyforU #Sustainable #gpsenablederickshaws #SmartFleet #EVTechnology #Technology 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/dUbbKAjZ

Jeena & Company, a freight forwarding company and supply chain solution provider has announced the appointment of Prediman K Koul as the new Chief Executive Officer. “Having devoted 27 years within #JeenaandCompany, Koul began his career in the finance division. Quickly developing a keen interest in core business operations, he progressed through roles such as #AirFreightManager in Delhi and eventually advanced to Branch Manager, in Delhi, consistently demonstrating his #commitment and #leadership.” #CEO #CorporateAnnouncement #CEOAppointment #FreightForwarding #LeadershipExcellence #SupplyChainManagement #ITLNSupplyChain 

The world needs more freighters! That is what we have been hearing lately. Emirates has done it again. Placed a firm order for five more Boeing B777Fs. These are to be delivered in FY2025/26. Details coming soon in STAT Times Meanwhile, watch my interview with Nadeem Sultan and Ravishankar Mirle of Emirates SkyCargo. They all talk about the urgency of having more freighter capacity. Posting them again. Indian Transport Logistics News Logistics Update Africa Jyothi Shankaran Parijat Sourabh/Jha Nehal Gautam Rajarshi Chatterjee Libin Chacko Kurian Priyo Patra Sukhadaa Dhopeshwarkar Renju Raju International Air Transport Association (IATA) The International Air Cargo Association TIACA Air Cargo Forum India (ACFI) Millie Roberts Ewan Cairns Dennis Lister Robert Fordree Patrick Mascarenhas Brian Moran Brian Hermesmeyer Tom Crabtree Charles Kauffman John Perdoch Brian P. Walker Arbind Patel

#Maersk will serve as operational advisor, providing expertise on implementing sustainable practices in recycling Ahmed Hassan, Senior Vice President, Head of Asset Strategy, A.P. Moller - Maersk says: "Maersk has established a ship recycling programme governed by our own Responsible Ship Recycling Standards (RSRS) independent of geography. The standards comprise stringent interpretation of the guidelines laid out by the IMO through the Hong Kong Convention and exceed requirements on several parameters, including downstream waste management, standards on labour and human rights, anti-corruption, etc. We are proud to bring our technical and operational knowledge to the Kingdom of Bahrain and share it with like-minded stakeholders that will help the industry address the capacity challenges we are staring at in the future. We are hopeful that this MoU will provide the right platform to accelerate responsible ship recycling in the Kingdom, create a positive impact on the country’s economy and create jobs." Wen Bing Lim, #Bahrain #China #Bangladesh #ShipRecycling #Sustainable #GreenPractices #RecyclingInitiative #shipping #ITLNShipping

#Merchandise exports register growth of 3% at $35.20 billion in June #India's merchandise exports increased six percent to $109.96 billion in the first quarter of the current financial year (April-June 2024) compared to $103.89 billion in the same period last year. FEDERATION OF INDIAN EXPORT ORGANISATIONS, #RedSea #MiddleEast #FederationofIndianExportOrganisations #FIEO 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/dtKcXM7C

Overall global on-time performance of #containerships dropped to 49.9 percent in June from 50.2 percent in May. The #RedSea situation, port congestion and increased demand keep reliability significantly below 2023 levels in June. This trend may persist into the next months, says Kuehne Nagel in its latest Schedule Reliability Report. #KuehneNagel #ScheduleReliabilityReport #Asia #Europe #shipping #ITLNShipping

2024 has seen record-breaking numbers of #newships delivered but overcapacity previously expected has not materialised "There's an increased appetite from shippers to rethink how they agree terms to ship products around the world,” says Patrik Berglund, CEO & Co-Founder, Xeneta. “They want a better, smarter, friction-free, more data-driven way to solve how freight is currently bought and sold – and we're excited for what that future looks like." #Xeneta #China #Shipping #Frontloading #Macroeconomics #H22024 #ITLNShipping