Page 6 - Freight

Govt unveils plans for freight smart cities to reduce logistics cost

Under the freight smart cities initiative, city-level logistics committees would be formed and they will have related government departments and agencies at the local and state levels.

Gati Ltd looks to shut two more businesses post cold chain exit

In May, Gati Ltd exited its cold chain solutions business, Gati Kausar India Ltd, to focus on express distribution and e-commerce.

Passenger footfalls have doubled from a month ago: Railway Board chief

Spike in demand over two months likely to sustain for next two months; Railways trying to meet surge with clone trains

Railways maintains steady momentum with higher freight loading in May 2021

Indian Railways reported 114.8 million tonnes of freight loading in May 2021 which is 9.7 per cent higher than the previous best of 104.6 MT reported in May 2019.

Centre and states should share cost of stranded assets: Forum of Regulators

Railway freight, coal pricing should come under independent regulator

Global freight sails out of the digital dark ages, aided by start-ups

A missing load can mean the company pays penalties to wholesale customers for late shipments

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.