Blue Dart Express Limited announced ₹1,354 million profit after tax (previous year ₹ 891 million profit) for the quarter ended March 31, 2022, and ₹3,764 million profit after tax (previous year ₹963 million profit) for the year ended March 31, 2022. Revenue from operations for the quarter ended March 31, 2022, stood at ₹11,659 million and ₹44,090 million for the year ended March 31, 2022. The company declared its audited financial results for the quarter and year ended March 31, 2022, at the board meeting held in Mumbai recently. Balfour Manuel, MD, Blue Dart said in a statement, “Our customer-first approach, focus on investing in tech capabilities and remaining agile in a VUCA environment, has helped the company improve its margins. FY 2021-22 has been a rewarding year. Across parameters, Blue Dart has once again embodied our vision in Connecting People, Improving Lives.”

Air Logistics Group was conferred the ‘Best Cargo GSA’ Award at the recently held India Cargo Awards, the country’s topmost supply chain awards which helps create a platform to recognise those behind the success of the cargo and logistics industry. Amrit Lal Meena, Special Secretary (Logistics), Union Department of Commerce and Piyush Srivastava, Senior Economic Advisor, Union Ministry of Civil Aviation presented the award. Vikramjeet Ahluwalia, MD- India, Air Logistics Group said, “Thank you DDP Group and CargoTalk for organising India Cargo Awards after a gap of two years and honouring me at this event. It is always wonderful to meet the industry leaders in person rather than through video cameras or computers. It’s a fantastic start to the year 2022.”

V-Xpress, part of V-Trans (India) Ltd announced acceleration in its growth by 30 per cent. The company owes the success to the newly launched innovative product ‘Box N Ship’ business service which has grown at an increased rate of 40 per cent month-on-month. Mahendra Shah, Group, MD, V-Trans (India) Ltd said, “We are proud to announce our acceleration of V-Xpress by 30 per cent. This growth is one of the key achievements and we aspire to continue achieving such milestones in the future as well. We have launched new products like ‘Box N Ship’, and has further strengthened air business, the focus of leadership team along with strategic efforts of senior colleagues are enabling the fast-paced growth, “Our IT-enabled infrastructure helps us to provide the best services to our customers. We have established a widespread network of branches across India that caters to delivering the needs of growing industries. Our effectiveness and experience in handling and delivering various industry products make us a good choice for all industries,” Shah added.

Qatar Airways Cargo has announced Chapter 3 of charitable initiative, ‘WeQare’ titled as ‘Let’s Stand Together.’ The third part of the carrier’s initiative will include a donation drive that seeks to gather donations for children from April 26 to May 10. The donation drive focuses on education, sports, and fun, stated an official release. Qatar Airways Cargo is collecting study material, clothes and sports items as well as toys, musical instruments, and board games. To collect all the donations, each station of the company has its own collection point, where people can drop off their donations. Qatar Airways Cargo has also opened six donation collection points for its employees, as well as a public collection point in Doha. To make their dreams a reality, Qatar Airways Cargo wants to gather forces to support this next generation by sending them toys, educational material, and sports items so that they can enjoy their childhood. Guillaume Halleux, Chief Officer Cargo, said, “Children are the future generation and we hope they bloom and develop to their full potential.”

Allseas Global Logistics was conferred with the ‘Excellence in Freight Forwarding’ Award at the recently held India Cargo Awards, the country’s topmost supply chain awards which helps create a platform to recognise those behind the success of the cargo and logistics industry. Amrit Lal Meena, Special Secretary (Logistics), Union Department of Commerce and Piyush Srivastava, Senior Economic Advisor, Union Ministry of Civil Aviation presented the award. The company specialises in designing customized solutions for global customers and offers wide range of services such as airfreight, land freight, ocean freight, warehousing, courier, and project handling services.

LocoNav assisted logistics firm, Medallion Translinks, save more than Rs 7.25 crores in a year by deploying LocoNav’s fleet management and video safety solutions for its fleet of 170 vehicles. Pranjal Tulsiyan, Founder, Medallion Translinks, said, “Using LocoNav’s solutions gave us the confidence to diversify into a full-blown logistics business from being a traditional FMCG company. We have not only been able to reduce our costs significantly but also improve our fleet, driver, and cargo safety by using solutions such as e-locks and video dashcams. The solutions have enabled us to maintain a check on our drivers and prevent misuse of vehicles.”

Technavio recently launched its latest market research report titled ‘Cross-border e-commerce Logistics Market by Service and Geography-Forecast and Analysis 2021-2025.’ According to the report, the global cross-border e-commerce logistics market size is expected to increase by US$ 44.61 billion between 2020 and 2025, expanding at a CAGR of 11 per cent. The report identifies APAC as the largest market. The major vendors compete on various parameters such as providing innovative solutions such as fulfilment centers closer to the customer location, as per Technavio report. “The presence of a large consumer base for e-commerce product suppliers is creating huge opportunities for market players. The global cross border e-commerce logistics market is fragmented owing to the presence of many regional and international players. The increase in technological innovations is expected to intensify the competition in the market,” read the report

BVC Logistics delivered the first of three consignments from India to Dubai under the recently signed Comprehensive Economic Partnership Agreement (CEPA) flagged off by B.V.R Subrahmanyam, Commerce Secretary and other dignitaries. All the three consignments would be getting a zero-duty access to the United Arab Emirates market. The consignment was handed over to the representatives of Malabar Gold and Diamonds by Khalfan Al Kaeibi, Head of Customs, Dubai Airport Free Zone Authority. CEPA came into force at the most opportune time for the Indian gems and jewellery industry as it looks to bounce back after two years of the ongoing pandemic. CEPA is said to support the gems and jewellery industry to increase bilateral trade between UAE and India to the tune of US$10 billion annually. The sector looks to positively reach its target of US$52 billion with the UAE by March 2023. CEPA with UAE will help boost India’s overall exports to the Gulf region and is a significant step to achieve the US$5 trillion economy vision, added release.

Aargus Global Logistics was conferred with the ‘Emerging Freight Forwarder for Ocean and Project Cargo’ Award at the recently held India Cargo Awards, the country’s topmost supply chain awards which helps create a platform to recognise those behind the success of the cargo and logistics industry. Amrit Lal Meena, Special Secretary (Logistics), Union Department of Commerce and Piyush Srivastava, Senior Economic Advisor, Union Ministry of Civil Aviation presented the award. Mahesh Trikha, Managing Director said, “I would like to thank India Cargo Awards for felicitating us at this prestigious event. Such award ceremonies are very important as it boosts the morale of logistics industry to perform better.”

April 2022 Trade Data showed the highest-ever exports of over US$ 38 billion indicating the continuous impressive performance of the exports sector. “The outstanding accomplishments of the exporters have consistently not only helped the economy to reap rich dividends but will also support our endeavour to become a US$ 5 trillion economy by 2025. Starting the fiscal with such an impressive beginning will further add to the motivation of the exporting community for much higher growth during the financial year, said Dr A Sakthivel, President, FIEO. He thanked the government, whose support and vision coupled with the confidence and trust shown on the exporting community has re-invigorated all stakeholders. Dr Sakthivel also welcomed Nirmala Sitharaman, the Union Finance Minister and Piyush Goyal, the Union Commerce & Industry for interacting and guiding the exporters to continue their export growth trajectory.