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Our Correspondent

Security products equipped with Prama Hikvision%u2019s AcuSense technology automatically send out alerts when a human or a vehicle is detected.

Prama Hikvision launches warehouse monitoring technology AcuSense

6 July 2020 5:32 PM IST

July 6, 2020: Prama Hikvision launched its new AcuSense Technology that does video monitoring with trespassing alerts on the detection of a human...

Maersk will acquire KGH for a consideration of $279.0 million on a cash and debt-free basis equivalent to a multiple of 16.3x 2019 EBITDA before synergies.

Maersk to acquire Swedish customs broker KGH Customs Services

6 July 2020 3:09 PM IST

July 6, 2020: A.P. Moller - Maersk announced that it has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services...

Adani Logistics has no right to purchase and Gateway Distriparks has no obligation to sell its shareholding in Snowman to Adani.

Snowman withdraws arbitration against Adani, signs agreement

6 July 2020 12:30 PM IST

July 6, 2020: The cold chain solution provider Snowman Logistics withdrew the arbitration invoked against Adani Logistics regarding the proposed sale...

According to the latest report, rates fell by 1.8 percent in June, following on from a 1.2 percent decline in May.

Deploying capacity too soon can collapse ocean freight rates: Xeneta

4 July 2020 2:40 PM IST

July 4, 2020: XSI Public Indices June report from Oslo-based Xeneta raised the concern that shipping companies may release more capacity into the...

The next test will be how an influx of %u2018normal%u2019 passenger flights, which are not driven by cargo demand, will impact the dynamic load factor.

CLIVE reports highest-ever air cargo load factor with 71% in June

4 July 2020 10:14 AM IST

July 4, 2020: CLIVE Data Services reported 71 percent ‘dynamic load factor’ in June - based on both the volume and weight perspectives of cargo flown...

Teleport has 440 flights per month out of India with base in Delhi, Chennai, Bangalore, Kolkata, Ahmedabad, Hyderabad, Trichy, Kochi and Visakhapatnam.

Teleport ties up with House of Masaba to export face masks to Southeast Asia

4 July 2020 9:41 AM IST

July 4, 2020: Teleport India, AirAsia’s logistics arm, ties up with House of Masaba to export essentials (face masks) to Southeast Asia.

As part of the structure, a new company is being set up to act as the investment manager to the proposed InvIT.

NHAI to set up infrastructure investment trust to attract investors

3 July 2020 3:18 PM IST

July 3, 2020: National Highway Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT) to facilitate...

The o9 platform will enable it to use both internal and external demand drivers while planning for promotions, combined with machine learning algorithms, to create a demand forecast.

Future Group partners with o9 Solutions for forecasts and refilling

3 July 2020 2:38 PM IST

July 3, 2020: The Indian retailer Future Group will deploy the next-generation platforms of o9 Solutions to integrate demand planning (forecasting),...

Sharad Kumar Saraf, president, Federation of Indian Export Organisations

Focus on countries with high anti-China sentiment: FIEO to exporters

3 July 2020 9:02 AM IST

July 3, 2020: The Federation of Indian Export Organisations in a recent online press brief urged Indian exporters to focus on countries with a strong...