Gateway Distriparks to sell Chandra CFS to Team Global

The company has entered into a share purchase agreement to sell its subsidiary – Chandra CFS & Terminal Operators Private Limited – in Chennai to Team Global Logistics Private Limited, for Rs47 crore. Gupta commented, “Gateway Distriparks is looking to consolidate its position in Chennai by working out of a single facility, and the net.

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GST and tech start-ups are driving huge change in India’s road freight sector

Technology start-ups in India are successfully disrupting the country’s highly inefficient and fragmented road freight sector, according to a new report by Deloitte. Since 2014, road freight start-ups have attracted over US$500m in disclosed funding, the report says, with established players Rivigo and Blackbuck at the forefront of the investment wave, together raising more than.

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Railways records lowest freight loading since 2010

The Railways recorded an eight per cent drop in cargo loading in October 2019 Despite removing a 15 per cent busy season surcharge, to attract more freight, the Indian Railways has seen an eight per cent drop in cargo loading this October against the same period last fiscal. This eight per cent year-on-year (YoY) decline.

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Ambitious Sri Lanka wants to become a global maritime and logistics centre

Sri Lanka has ambitions to move up from being a south Asia transhipment hub to a global maritime and logistics centre on a par with Dubai and Singapore. “Geographically, what a lot of people don’t understand, is Sri Lanka has immense advantages,” said Rohan Masakorala, chief executive of Shippers’ Academy Colombo. “We’re in the middle.

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Forwarder pushback forces India to rework regulatory reform

Amid pushback from freight intermediary groups, Indian transport leaders are considering redefining the boundaries of a regulatory platform they have been developing to provide a more transparent, competitive pricing environment for exporters. At issue is a standard operating procedure (SOP) by which the government wanted to nurture direct ocean carrier-shipper relationships for freight payment — a.

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Slowing demand puts brakes on Indian container growth

Global economic woes due in large part to the United States-China trade war and a downturn in domestic demand because of regulatory reforms by the Indian government appear to have put a halt, at least for now, to a long streak of volume gains for Indian ports. India’s major public ports saw combined throughput dip.

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Sical Logistics posts net loss of Rs 43.93 cr for Sept quarter

Sical Logistics Ltd, a Coffee Day Group company, on Friday reported a consolidated net loss of Rs 43.93 crore for the quarter ended September 30, on account of liquidity challenges faced by the company after demise of its promotor V G Siddhartha. The company had reported a net profit of Rs 4.43 crore for the.

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Adani Logistics in talks to buy Snowman Logistics

Adani Ports and SEZ’s logistics subsidiary is in advanced talks to buy Snowman Logistics, sources with direct knowledge of the development, reported CNBC-TV18. Gateway Distriparks, the parent company of Snowman Logistics, is looking to sell the loss-making firm to raise funds and reduce debt, said the sources, who did not want to be named. Gateway.

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Boxco Logistics handles heaviest single consignment at NMPT

Boxco Logistics has successfully handled the heaviest single consignment over-dimension cargo thus far at the New Mangalore Port Trust (NMPT). The logistics for the carriage of the cargo to the port premises from the manufacturing plant was provided by Boxco Logistics, Mangaluru. The cargo was loaded on board the MV Dong Bang Giant 2, headed for.

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