Courier Service

Govt extends incentives to exports via courier medium to boost e-commerce

The government has extended incentives for exports through the courier medium, a move aimed at promoting shipments through e-commerce. This was informed in the meeting of Board of Trade (BoT) in Mumbai. "In the realm of e-commerce exports, the Board of Trade was informed by officials from the Central Board of Indirect Taxes and Customs (CBIC) that effective immediately, RoDTEP, RoSCTL, and drawback benefits will be extended to all exports made via courier," the commerce ministry said in a statement. It added that plans to extend these benefits to postal route exports are also in the pipeline, creating a more equitable environment for e-commerce exporters utilising the courier and postal mode. RoDTEP (Remission of Duties and Taxes on Exported Products) provides refunds of central, state, and local taxes and levies on exported products that are not covered by other schemes. The scheme covers a range of sectors, including marine, leather, gems and jewellery, agriculture, electrical,

Blue Dart begins drone deliveries for couriers in partnership with Skye Air

Drone delivery is a major step towards sustainable, swift, and eco-friendly solutions, Blue Dart said

FedEx plans $5 bn buyback as CEO's cost-cutting measures yield results

The shares rose as much as 13% after regular trading in New York, while competitor United Parcel Service Inc. advanced 3.4%

DTDC enters Malaysian market, strengthens presence in Southeast Asia

Express logistics company DTDC on Wednesday said it has entered the Malaysian market through its subsidiary, DTDC Global Express PTE Ltd, with the inauguration of an office in Kuala Lumpur. This newly established office, which further strengthens the company's global footprint, including in Southeast Asia, will offer enhanced trans-shipment solutions to its clients in Southeast Asia and the Australian peninsula, DTDC said in a statement. DTDC is already present in Singapore and Australia. As part of its global expansion plans, the company collaborated with Aramex last year to enhance its capabilities in cross-border logistics. Malaysia shares a healthy import and export relationship with India and has a prevalent Indian diaspora, according to the company. The newly established office will provide export and import services to and from India, Singapore, and Australia, along with handling local deliveries in Malaysia, it said. "The expansion in Malaysia will add to our capabilitie

Blue Dart Express' Q2 net profit rises marginally by 3% to Rs 93.6 crore

Domestic courier company Blue Dart Express on Friday reported a marginal rise of 3.4 per cent in its consolidated net profit at Rs 93.6 crore for the quarter ended September 30, 2022. The company had posted consolidated net profit of Rs 90.5 crore in the year-ago period, it said in a BSE filing. The company's consolidated income during the July-September period increased to Rs 1,332.9 crore, over Rs 1,129.8 crore last year. Blue Dart Managing Director Balfour Manuel said the company is doing well due to balanced mix of growth and transformational projects.

Xpressbees extends same-day delivery for D2Cs to 1,000 cities, towns

Ecommerce logistics provider Xpressbees on Tuesday said it has extended its same-day delivery service for D2C brands to over 1,000 cities and towns

TCI Express soars 13% on heavy volumes, hits new high on strong Q2 results

The share price of the logistics firm has rallied 25 per cent after ICRA reaffirmed ratings of the company's commercial paper and a strong Q2FY22 earnings

Courier SMEs' cup of woe spills over, shows CRISIL SME Tracker

CRISIL Research expects their revenue to decline 30-35 per cent in FY 2021

Amazon India expands packaging-free shipping initiative to over 100 cities

Products that are shipped packaging-free include tech accessories, home and home improvement products, shoes, and luggage

Blue Dart: Muted volumes, revenues amid high costs to weigh on margins

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

Despite lockdown relaxations, courier industry stares at bleak future

The courier industry in India is made up of varied players starting from large multinational firms such as DHL, United Parcel Service (UPS) and FedEx India to domestic firms comprising Blue Dart, DTDC

Lockdown: Govt may soon allow courier, parcel services to function

The Centre will also discuss the issue with states for allowing partial operation of manufacturing units in the country

The truth about training

Considering the size of our country and the number of letters/parcels delivered every day, the courier guys are doing a wonderful job