Page 6 - Freight

Sea change: Global freight industry sails out of the digital dark ages

If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix it

MSRTC's freight service earns revenue of Rs 56 crore in first year

While its passenger service was impacted by coronavirus-induced restrictions, the MSRTC has earned a revenue of Rs 56 crore from its freight service in the first year.

IndiGo to acquire four A321ceo planes, convert them into freighter aircraft

The airline is expected to take the delivery of its first plane in the first half of 2022

Gateway Rail Freight, Maersk jointly flag automotive express service

Maruti Suzuki transports 180,000 vehicles through trains in 2020-2021

Indian Railways closes the year with higher freight loading than the last

Steps taken to increase freight maybe institutionalized in coming year: Rail Ministry

Coal India inks pact with CRIS for sharing of coal freight data

State-owned Coal India on Monday said it has signed a pact with the Centre for Railway Information Systems (CRIS), a wing under the railways ministry

Coal India signs MoU with Railways' CRIS to monitor freight movement

The mining giant said the information would help minimise the instances of under loading and overloading of rakes and untangles the knots benefitting CIL, Railways and consumers

Rail freight revenue surged past last fiscal for first time since pandemic

Indian Railway's cumulative freight revenue stood at Rs 98,068.45 crore from April to February in FY 2020-21

Indian Railways must diversify its freight portfolio, says report

Another key proposal is to allow private players to run trains on the dedicated fre­ight corridors

Indian Railways drops extra charges for large goods moving through DFCs

This is a significant shift because the restrictive goods consignment dimensions are cited as one of the reasons for the falling utility of rail freight

Have given about Rs 33,000 cr for Western Dedicated Freight Corridor: JICA

Japan International Cooperation Agency has extended a cumulative total of about Rs 33,000 crore in official development assistance for the Western Dedicated Freight Corridor

Actual freight and insurance should be declared on shipping bills: Expert

Any mis-declaration of freight paid or payable which results in loss of revenue by way of excess drawback payment, is liable to be proceeded against under the Customs Act

After festive season boost, key economic indicators show declining signs

Railway freight was up last week after rail traffic resumed in the state of Punjab after a month-long shutdown due to the farmers' agitation against the new farm laws

SpiceJet launches dedicated freighter services to Leh in Ladakh

The flight was operated by SpiceXpress, the dedicated cargo arm of SpiceJet.

Weekly economic indicators: Power generation falls 3% below 2019 level

Freight growth weakens, traffic also falls in key cities

Delhi airport sees 2,366 freighter movements, 77k MT cargo volumes in Sept

Cargo volumes at the GMR group-owned Delhi airport have recovered 94 per cent y-o-y in Sept at 77,000 MT, as the private aerodrome operator handled a record 2,366 freighter movements in a single month

Freight hike may wipe out 1 month of exports in current fiscal: Firms

Shortage of containers, faceless assessment causing delay

Weekly economic indicators: Revival in activity shows signs of slackening

Many key indicators trended lower last week after a strong showing earlier this month

Exporters feel pinch as sea freight to US and Europe rises by 30-40%

The development comes at a time exports from India have started picking up and merchandise exports turned positive for the first time in the last seven months, growing 5.3 per cent

Trade groups ask govt to set up shipping regulator to check freight charges

Several trade bodies have urged the Centre to set up a regulator to deal with the rising freight charges, amid the problem of container shortages that exporters are facing