The Punjab government is all set to approve its first logistics policy soon, said reports. The policy will offer fiscal and non-fiscal incentives for investments in multi-modal logistics parks, transport centres, wayside amenities, specialized warehouses in border districts and commercial vehicles fleets, the reports added. “The Integrated Logistics and Logistics Park Policy, which is being given final touches by the industries and commerce department for approval from the state cabinet, envisages to increase the competitiveness of goods produced in the state by cutting the logistics costs from 13% to 8% through improvement in the efficiency of the sector. The final draft of the policy pitches logistics as a thrust area, identifying it as an eligible service enterprise for fiscal incentives, including reimbursement of state goods and services tax (SGST), employment general subsidy and exemption from change of land use charges (CLU) and external development charges.”

The Indian Railways has achieved the yearly milestone in freight transportation by crossing the 1,000 million tons (MT) mark in this fiscal, said an official statement. Till date, the railways has loaded 1,002 MT of freight in the current fiscal. Earlier, this milestone was achieved on December 24, 2021, and as on December 6, 2021, the railways had achieved a freight loading of 926.4 MT. During this financial year, the national transporter has registered an incremental loading of 76.3 MT with growth rate of 8.25 per cent. “In revenue terms, the railways freight revenues stood close to Rs 1,08,593 crore in the current year vis-a-vis Rs 93,532 crore during last year till December 6, thus showing an improvement of 16.10 per cent,” the statement added.”

Cargo markets are expected to come under increased pressure in 2023, said IATA’s latest report. Revenues are expected to be $149.4 billion, which is $52 billion less than 2022 but still $48.6 billion stronger than 2019. With economic uncertainty, cargo volumes are expected to decrease to 57.7 million tonnes, from a peak of 65.6 million tonnes in 2021. As belly capacity grows in line with the recovery in passenger markets, yields are expected to take a significant step back. IATA expects a fall of 22.6% in cargo yields, mostly in the latter part of the year when the impact of inflation-cooling measures are expected to bite. To put the yield decline in context, cargo yields grew by 52.5% in 2020, 24.2% in 2021 and 7.2% in 2022. Even the sizable and expected decline leaves cargo yields well-above pre-COVID levels, added report.

Continental Carriers Pvt. Ltd. has been awarded as the ‘Best Supplier/Service Provider for MSMEs’ at the FICCI-CMSME Annual MSME Summit 2022 and MSME Ecosystem Awards at FICCI – Federation House, New Delhi held on 5th December, 2022. Vipin Vohra, Chairman, Continental Carriers received the prestigious award from Shri Bhanu Pratap Singh Verma, Minister of State for MSME, Ministry of Micro, Small and Medium Enterprises, Government of India and Shri BB Swain, Secretary, Ministry of Micro, Small and Medium Enterprises, Govt of India. FICCI-CMSME, the MSME arm of FICCI sincerely understands the importance of the growth trajectory of MSMEs towards their sustainable development and keeping this in view, FICCI- CMSME had organized the Annual MSME Summit 2022 on the theme “Pushing Sustainable MSME Growth in India” with an objective to disseminate education in terms of policy reforms, supply chain enhancement and access to finance to reduce the information gap in this area for translating the potential into reality.

WestJet Cargo, the air cargo division of WestJet confirmed the launch of 4 dedicated Boeing 737-800 freighters on March 26, 2023 to massively increase its operations, thereby meeting the growing demand of the Canadian market, said official reports. Kirsten De Bruijn, WestJet Executive Vice President of Cargo, said, “WestJet Cargo is about to enter a very promising and exciting period in its development. The arrival of our new fleet, converted freighters, will enable us to meet the rising demand of the Canadian market, more than ever before. 2023 will undoubtedly be a significant year for WestJet Cargo. Further announcements about the forthcoming launch will be issued very soon.”

Kuehne+Nagel (K+N) has struck a long-term agreement for a new airside facility at Johannesburg’s OR Tambo International Airport that aims to boost Africa’s healthcare and pharmaceutical logistics capability. As part of this agreement, K+N will offer customers a set of logistics solutions, including warehousing, transportation, customs brokerage, supply chain management, and airside support to project-specific charters for both in and outbound shipments. Core to this offering is a cold chain solution that ensures 24/7 temperature-control to safeguard the integrity of highly sensitive pharma products. The new offering has been designed to support Africa’s aim to become more self-reliant in healthcare operations. South Africa, Nigeria, and Algeria are leading the manufacturing charge in sub-Saharan Africa, while imports from Europe, North America, India and China remain crucial to meeting Africa’s demand for medicines and basic healthcare. “Pharmaceuticals in particular are highly-sensitive, time-critical products,” said Gereon Niemeier, managing director, Kuehne+Nagel South Africa. “Every minute these products spend on the tarmac exposes them to temperature fluctuations, physical damage, and loss. Our new facility addresses all these challenges to ensure product stability throughout the journey.” He added, “Our people have the expertise for plane-side access that other logistics providers don’t. “In addition, the facility is so close to the charter parking area that we can provide in-person visibility resources, as well as a unique dollie solution, that greatly reduce the risk of ground handling errors as well as shipment claims. “Onsite monitoring protects product stability – whether temperature-controlled, high value or time critical – throughout the entire journey.

Locus announced the launch of Delivery Linked Checkout (DLC), a first-of-its-kind integrated capability that enables retail businesses to achieve profitability in their last-mile logistics. By deploying this new feature, retailers can deliver orders on customer-preferred timelines while maintaining optimal capacity and service efficiencies. The surge in e-commerce deliveries, coupled with the heightened customer expectations for more efficient and predictable delivery options, has added yet another layer to last-mile complexities. Locus’ Delivery Linked Checkout feature is a strategic enhancement to its Dispatch Management Platform specifically designed to help retailers unlock new fulfillment capabilities and meet increasing demands quickly. “A single bad delivery can completely make or break a consumer’s perception of a brand,” said Nishith Rastogi, Founder and CEO of Locus. “But everything from limited fulfillment capacity, to inefficient route planning, and disconnected systems managing Last-Mile operations continue to put retailers at risk of failed execution. To solidify fulfillment as an impactful point of differentiation, a driver of brand loyalty, and a growth enabler, retailers need to directly connect their logistics operations with the customer experience. Locus’ Delivery Linked Checkout, in combination with our Dispatch Management Platform, offers a unique proposition for retailers to secure profitability while enhancing customer satisfaction.”

The global airline industry is projected to post a lower loss of USD 6.9 billion this year and eke out a “small net profit” of USD 6.9 billion in 2022, helped by higher passenger revenues and cost control by carriers, industry body IATA said, adding that India is seeing a “much stronger recovery” than the Asia Pacific region in general and the challenge will be in getting new aircraft as well as spare parts. After being hit by the pandemic, India’s domestic air traffic is recovering well and airlines are looking to expand their operations on local and international routes. In its latest update on the global airline industry, IATA said the Asia Pacific region is critically held back by the impact of China’s zero COVID policies on travel. On Tuesday, IATA said the global airline industry is expected to return to profitability in 2023 and post a small net profit of USD 4.7 billion. In 2022, airline net loss is expected to be USD 6.9 billion. This is significantly better than the loss of USD 42 billion and USD 137.7 billion in 2021 and 2020, respectively, it said.

Saudi Arabia has announced plans to transform Riyadh Airport into a six-runway airport and logistics hub that will have capacity to handle 3.5m tons of cargo by 2050. The site will include King Salman International Airport and will cover an area of approximately 57 sq km. It will also include 12 sq km of airport support facilities, residential and recreational facilities, retail outlets, and other logistics real estate, said official release. The development aims to boost Riyadh’s position as a global logistics hub, stimulate transport, trade and tourism, and act as a bridge linking the east with the west. The project is in line with Saudi Arabia’s vision to transform Riyadh to be among the top ten city economies in the world and to support the growth of the city’s population to 15–20m people by 2030.

Amerijet has shared its plans to expand further and hopes to double the size of its fleet in the coming five years. “The airline has experienced rapid growth in recent months as its fleet has grown from eight aircraft at the start of 2020 to operating 22 today – 16 B767s and six B757s. The aircraft looks to grow the fleet further,” said Tim Strauss, chief executive,” adding the another five B767s joining the fleet next year. “I think we can double the fleet again in another five years,” he added. The fleet growth registered over the last couple of years has helped propel revenues and volumes at the company in line with its expanded network and customer base. Last year, the company grew its sales by 40%, and this year it still expects to report a double-digit increase despite the market downturn, as per reports.