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.

Federation of Freight Forwarders’ Associations in India (FFFAI) team members recently visited Jebel Ali Free Zone, a free economic zone located in the Jebel Ali Port area at the far western end of Dubai, United Arab Emirates, to experience the port infrastructure and its cost-effective operations. Jebel Ali Free Zone is the flagship free zone of DP World. While interacting with the team members of the DP World, Shankar Shinde, Chairman, FFFAI said, “We thank the DP World for warm welcome and hospitality extended to our FFFAI team during visit to their Dubai headquarters. It was a pleasure meeting Mike and the DP World team exchanging ideas and areas of cooperation to take it forward to next level,” he said.

engaged in the maritime sector, announced Sarbananda Sonowal, the Union Minister for Ports, Shipping, and Waterways. The Union minister also unveiled the startup engagement framework of CSL on the inauguration of its Golden Jubilee celebrations. The startup framework is envisaged to augment the Government of India’s initiatives to develop an ecosystem in India for supporting the maritime startups from technical, regulatory, financial, and marketing points of view by bringing the stakeholders together, read an official statement. The framework is likely to provide a platform for young and talented entrepreneurs to develop the products/services in the marine space with financial support provided by CSL.

Air India SATS Airport Services (AISATS) was conferred with the ‘Best Cargo Ground Handler’ 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. AISATS is India’s leading gateway services’ company headquartered in Mumbai. It operates in Delhi, Bengaluru, Hyderabad, Thiruvananthapuram and Manguluru airports. AISATS offers end-to-end ground handling services such as passenger and baggage handling, ramp handling, aircraft interior cleaning, load control and flight operations, cargo handling services for general, perishable, transhipment, express courier, and special cargo.

Ford Fleet Management (FFM) has signed a multi-year contract with DHL Inside Track to manage the preparation and transport of leased vehicles in the United Kingdom. DHL Inside Track, representing DHL’s automotive sales business arm, will be responsible for bookings and delivery of Ford vehicles to customers, as well as collection and “in-life” refurbishment. The FFM, a joint venture between Ford and ALD Automotive, provides short and long-term flexible leasing for light commercial vehicles (LCVs) and passenger cars. The logistics process will be established online as a part of Ford’s strategy to increase efficiency. The fleet management facility in Cambridgeshire will run the operation which has the required infra to offer Ford a tailored solution. Ford says partnering with DHL Inside Track is the right decision to meet the growth plans with Inside Track’s experience in the finished vehicle, fleet automotive and direct-to-customer.

Maritime Transport & Shipping India Expo 2022, Global Maritime Logistics and Shipping business networking exhibition and conference, will begin in Mumbai on May 11-13 2022. The event which will take place at Bombay Exhibition Centre, Goregaon East is supported by Union Ministry of Ports, Shipping and Waterways, Indian Ports’ Association, Inland Waterways Authority of India and Federation of Indian Exports’ Organisation. The inaugural edition of Maritime Transport & Shipping India Expo 2022 shall provide global maritime logistics, cargo, freight, material handling, supply chain, coastal shipping industry and inland waterways an integrated platform for both live business networking opportunities and future technological knowledge summits.