September 20, 2018: As a pharmaceutical market, India has witnessed spiraling growth in the past few years. Industry estimates indicate that India is likely to emerge among the top three pharmaceutical markets by incremental growth and sixth largest market globally in size, with an expected size of about $20 billion by 2020.
With the use of new technologies, the traditional freight forwarding business of simply buying and selling is disappearing. Shippers are comparing the areas of consumption with - where they have their production facilities and warehouses to optimise logistics. Steering logistics networks and capacities is therefore becoming crucial.
10 September, 2018: Qatar Airways Cargo recently chartered 100 tonnes of medications from Mumbai to Brasilia for its customer Hermes Travel and Cargo Private Limited. This is one of the largest charter of medicines on a single flight among the several pharma charters performed by the cargo carrier.
September 7, 2018: The Major ports in India have recorded a growth of 5.13 percent and together handled 288.38 million tonnes of cargo during the period April to August, 2018 as against 274.32 million tonnes handled during the corresponding period of previous year.
ITLN Magazine, bi-monthly publication covers the latest news and current trends related to aviation, shipping, supply chain, transport and warehousing sectors.
August 21, 2018: Jet Airways and Bangkok Airways have announced the expansion of their existing codeshare agreement to provide more choice and convenient travel options. Guests travelling between key destinations across Thailand, Vietnam, and India, will benefit from this alignment between the two airlines.
August 17, 2018: Air Deccan, which restarted its operations in Maharashtra from July this year, is now taking a leap forward to connect Nashik with Ahmedabad. The airline service provider under ‘UDAAN’ scheme (Ude Desh Ka Aam Nagrik), restarted its journey in the state of Maharashtra connecting flights between cities of Pune, Nashik, Mumbai, Jalgao
August 14, 2018: Gati Ltd, a leader in express distribution and supply chain solutions posted its financial results for the first quarter ending June 30, 2018. In the first quarter of FY19, the company’s consolidated revenue from operations was Rs 4,557 million, up 6.8 percent over Q1 FY18.
August 13, 2018: Maersk Line has restarted its shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs. The container shipping company introduced a weekly service between Colombo and Male offering better connectivity. The initiative also aims to provide a strategic trade opportunity to all
Aug 08, 2018: The International Air Transport Association (IATA) has released data for global air freight markets showing that the demand, measured in freight tonne kilometres (FTKs), rose 2.7 percent in June 2018, compared to the same period last year. This continues the slowdown in air cargo growth that began earlier in 2018.
India's low cost carrier (LCC) SpiceJet is all set to expand its cargo business and will soon start freighter service both for domestic and international destinations. SpiceJet will officially launch the freighter service later this month in Delhi.
August 1, 2018: The Inland Waterways Authority of India (IWAI) has launched a dedicated portal to connect cargo owners and shippers with real time data on availability of vessels. The landmark e-connect measure will enable direct interaction among the vessel operators, shippers and cargo owners.