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APM Terminals Pipavav secures Jade Express

APM Terminals Pipavav has commenced a new service ‘Jade Express’ mainly for transhipment cargo. The weekly service, introduced by Maersk, will connect Port Pipavav to Port Qasim. Jade Express connects Pipavav perfectly in time for the MECL service (west bound for the North America) and provides same day connectivity on the FI3 service (for the far east). The first vessel M.V. IRENES RAY -215S was berthed at Pipavav in March bringing in enhanced connectivity to our customers from Rajasthan, Gujarat, New Delhi, and Punjab. The new service is a testimony to port infrastructure and services that is a preferred gateway to Indian Northwest.

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Air Canada buys two new Boeing 767-300F freighters

Air Canada has purchased two new Boeing 767-300F freighters that are due to be delivered this year. The two factory-built freighters will be in addition to the eight Boeing 767-300s that are being converted for Air Canada Cargo operations. Earlier this month, Air Canada Cargo added its second B767-300ER freighter conversion. Air Canada Cargo’ first quarter 2022 revenue is up 42 per cent to $398m from the first quarter of 2021. Jason Berry, Vice President, Cargo at Air Canada, said, “This announcement is a further signal of our long-term commitment to freighters as we continue to adapt and grow at Air Canada Cargo. These additional factory-built 767-300F aircraft will allow Air Canada Cargo to speed up the expansion of its freighter fleet, helping provide reliable, dedicated service to key cargo routes around the world, further bolstering the capacity provided by Air Canada’s mainline fleet.”

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dnata extends partnership with Qatar Airways Cargo

dnata and Qatar Airways Cargo have extended their partnership in Belgium. The multi-year extension of the contract will see dnata continue to deliver a range of cargo handling and road feeder services for the airline from its state-of-the-art facility at Brussels Airport (BRU). Qatar Airways Cargo currently operates a mix of 15 freighter and passenger flights each week to and from the Belgian capital. In 2021, dnata handled 25 per cent more cargo for the airline at BRU than in the previous year. Stef Vanbinst, Managing Director of dnata Belgium, said, “We are proud to have earned the trust and loyalty of Qatar Airways Cargo with our reliable and safe services. We continue to invest in our operations to consistently provide world-class quality to the airline and its customers.”

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Jet Freight announces ‘Mission Excel’ to achieve 5x growth

Jet Freight Logistics announced ‘Mission Excel,’ a business transformation initiative which promises to bring 5x revenue growth in next five years. This business initiative is built on the 4 ‘Ps’ of business expansion – Product expansion, People & culture, Process automation, and Promotion of business. Under Mission Excel, the company plans to expand its wings from air/ ocean forwarding to last-mile delivery specialisation, adapting 4PL approach, offering surface transport along with custom clearance, and warehousing. Jet Freight has recently announced use of electric vehicle for its last mile deliveries promising sustainable future and environment-friendly approach ensuring seamless deliveries for customers.

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Vahak launches online app to secure, simplify payments

Vahak has launched an in-app payment feature, ‘Vahak Payments,’ to secure and simplify payments made by shippers to lorry drivers/owners. Karan Shaha, Co-Founder and CEO, Vahak, said, “Vahak is constantly addressing the challenges faced by transporters caused due to the lack of standardization in the transport sector. The truckers and shippers operating on our platform have been wary of the risks associated with their day-to-day financial transactions. Vahak Payments aims to simplify the ecosystem with its transparency and accuracy. Users can easily bid on loads and lorries of their choice and pay right away on the app. This saves them the hassle of making or requesting payments through cash or other means and ensures that the entire transaction is safe.”

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Shreeji wins ‘Premier Bonded Trucking Operator Award’

Shreeji Translogistics Limited received ‘Premier Bonded Trucking Operator Award’ at the recently held India Cargo Awards 2022. India’s topmost supply chain awards which helps create a platform to recognise those behind the success of the cargo and logistics industry. Dileepa B M, CEO – Bonded Trucking said, “In these challenging times, Shreeji has grown its Bonded Trucking Division to another level. Shreeji has been providing Custom Bonded Trucking services for almost two decades and its services have been greatly appreciated by the Airline Industry. India Cargo Awards is an all-India platform with a vision to recognize those behind the success of the Cargo & Logistics Industry. I would say, the reward for work well done, is an opportunity to do more better.”

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Jet Freight announces ‘Mission Excel’ to achieve 5x growth

Jet Freight Logistics announced ‘Mission Excel,’ a business transformation initiative which promises to bring 5x revenue growth in next five years. This business initiative is built on the 4 ‘Ps’ of business expansion – Product expansion, People & culture, Process automation, and Promotion of business. Under Mission Excel, the company plans to expand its wings from air/ ocean forwarding to last-mile delivery specialisation, adapting 4PL approach, offering surface transport along with custom clearance, and warehousing. Jet Freight has recently announced use of electric vehicle for its last mile deliveries promising sustainable future and environment-friendly approach ensuring seamless deliveries for customers.

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Air India seeks to acquire AirAsia India, seeks CCI nod

Air India, now owned by the Tata group, has proposed to acquire the entire stake in no-frills airline AirAsia India, following which it intends to consolidate its airline businesses under a single roof. The company has approached the Competition Commission of India (CCI), the country’s antitrust regulator, seeking approval to acquire the 16.33 per cent stake held by its joint venture partner, AirAsia Group. “The proposed combination relates to the acquisition of the entire equity share capital of AirAsia (India) by Air India (AIL), an indirect wholly owned subsidiary of Tata Sons. The proposed combination will not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India, irrespective of the way the relevant markets are defined,” Tata Group said in an official notice filed with the CCI.

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Wiz Freight wins ‘Most Promising Start Up- Logistics’ Award

Ramkumar Govindarajan, Founder and CEO at Wiz Freight received the ‘Most Promising Start Up- Logistics’ Award at the recently held India Cargo Awards, India’s topmost supply chain awards which helps create a platform to recognise those behind the success of the cargo and logistics industry. Wiz Freight is a tech-enabled freight forwarding platform with deep expertise in supply chain business. Amrit Lal Meena, Special Secretary (Logistics), Union Dept of Commerce and Piyush Srivastava, Senior Economic Advisor, MoCa conferred the award on Govindarajan at Crowne Plaza, New Delhi.

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Gross absorption in industrial, warehousing facilities up by 11% YoY

Activity in Grade A industrial and warehousing facilities continues to be robust during Q1 2022 with gross absorption in the top five cities at 6.2 mn sq feet, an 11 per cent increase from Q1 2021. The demand was led by heightened leasing in Delhi-NCR region and Mumbai. Vacancy across Grade A projects also declined during the quarter, indicating a healthy demand environment in the sector. Overall, the demand was steered by robust warehousing demand from third-party logistics players, amidst strong consumer demand across sectors. About 50 per cent of the gross absorption was led by third-party logistics players, followed by the Engineering and Automobile sectors with a share of 17 per cent and 12 per cent, respectively.

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