At an auction, Welspun Corp. won the offer for the shipyard of insolvent borrower ABG Shipyard Limited for a sum of INR 6.59 billion.

In the upcoming months, the Department for Promotion of Industry and Internal Trade (DPIIT) will organise a number of seminars and discussions with all stakeholders on the just-launched National Logistics Policy, an official said.

The state government of Odisha has been developing its own policy in accordance with the National Logistics Policy (NLP) that Prime Minister Narendra Modi recently unveiled.

FedEx Corp. will cut daily flights across the Atlantic, the Pacific, and between Asia and Europe as it starts the process of aligning its cost structure with what the company has stated is diminishing global demand.

Due to rising freight costs, Indian refiners plan to forego imports of Russian ESPO crude oil this month and will instead look to the Middle East and Africa, as per industry insiders.

According to a top industry executive, the demand for air and ocean freight has decreased, rates have decreased, and there is no market visibility, making it difficult to predict what will happen in 2023.

National Airlines reported receiving its first Boeing 747-400ERF (extended range freighter). For ultra-long-haul cargo operations, the new freighter with the registration N663CA offers a more fuel-efficient option.

The National Centre for Sustainable Coastal Management in Chennai recently granted CRZ (coastal regulation zone) clearance for the seaport that was planned to be built at Machilipatnam in the Krishna district.

In order to go live globally on CargoAi, Lufthansa Cargo is starting a pilot in three nations. The instant rate offer and booking confirmation will be used for the first time by a CargoAi customer.

The Releye RLP & RAP containers, the latest products from Envirotainer, have received approval from IAG Cargo, the cargo business of International Airlines Group (IAG), for use by customers shipping pharmaceutical products.

With a new loading mechanism for the Beluga A300-600ST aircraft for military cargo, Airbus is enhancing its outsized air freight capabilities.

Within its CargoStack CMS suite, Wiremind Cargo has now introduced a new module: The goal of Revenue Optimization is to assist sales steerers and flight controllers in three key aspects of their jobs.