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Overall in Q1, EBITDA increased to $4 billion from $1.5 billion year on year and EBIT to $3.1 billion from $552 million compared to same quarter last year.

Maersk reports 166% EBITDA, 30% revenue YoY growth in Q1 2021

5 May 2021 6:06 PM IST

May 5, 2021: A.P. Moller - Maersk reported strong earnings and growth momentum across all its businesses in ocean, port services and logistics in the...

Shree Maruti Courier to deliver medicines to retail customers for free

3 May 2021 12:37 PM IST

May 3, 2021: Shree Maruti Courier Services has announced to offer free of cost deliveries of medicines across its network in India for retail...

An initial shipment of 1,000 critically needed oxygen concentrators onboard a FedEx aircraft was delivered to New Delhi on Friday as part of a collective initiative by multinational companies.

FedEx delivers 1,000 critically needed oxygen concentrators to India

1 May 2021 12:45 PM IST

May 1, 2021: FedEx Express is working with organizations around the world to deliver critical medical supplies and equipment to assist in the fight...

Deepesh Kuruppath, founder and CEO of CargoFL, disagreed with the premise that the logistics challenges are caused by the sudden shift to the multi-point pick up model but he points to the shortage of cryogenic tankers and the supply chain inefficiencies as the real reasons.

CargoFL pitches to central govt with tech solutions for oxygen logistics chaos

1 May 2021 10:56 AM IST

May 1, 2021: CargoFL, the cloud-based B2B technology platform for logistics developed by Innoctive Technologies, pitched to the central government of...

The logistics professionals gave us a range of reasons including the sudden surge in demand, unexpected shift to multi-point pick-up model, fragmented nature of the market, unavailability of customised trucks against the demand, lack of investment into pipelines and the black market.

Need for quick shift to multi-point pickup behind medical oxygen logistics chaos

29 April 2021 3:59 PM IST

April 29, 2021: Along with the sudden surge in demand, the logistics companies blame extremely spread out locations of sourcing points (distributors...

Formed in the year 1993, Swift Cargo is a freight forwarder/NVOCC of repute with an annual transacted volume in excess of 75,000 TEUs.

Swift Cargo signs up for TradeLens eBL to speed up bill of lading

29 April 2021 3:36 PM IST

April 29, 2021: The Indian NVOCC (Non-Vessel Owning Common Carrier), Swift Cargo announced joining the TradeLens platform— a blockchain-enabled...