Container prices surge in India as supply chain logjam tightens supply

Container shortages, which have been adding to logistics logjams in Asia and beyond, are showing few signs of being resolved, according to the latest data from Container xChange, a global online platform for the leasing and trading of shipping containers. Container prices The latest Container Availability Index (CAx) data of Hamburg-based Container xChange also reveals.

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Arzooo launches in-house logistics service Arzooo Express

Retail-tech startup Arzooo on Wednesday said it has launched an in-house logistics service that will manage the first-mile service to last-mile delivery of goods for its partner stores across the country. The in-house logistics service, Arzooo Express, has been launched with an investment of USD 2 million. This investment follows USD 6 million funding by Arzooo from Trifecta Capital.

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Ratan Tata invests in logistics firm Mailit

Mailit, a mail room management and logistics company, said it had received an unspecified amount as investment from Ratan Tata, chairman emeritus, Tata Sons. The firm offers courier, cargo, 3PL, mail room management digital solutions and postal services to leading corporates and several companies in the Tata group. It said it would focus on consolidating.

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Allcargo to send oxygen concentrators by air to Maharashtra

Allcargo Logistics Ltd will immediately ship 500 oxygen concentrators by air from Singapore free of charge for the Maharashtra government following a plea from Public Health and Family Welfare Minister Rajesh Tope as the Western state battles a “very severe” second wave of the pandemic. An oxygen concentrator is a device that concentrates the oxygen.

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Working towards creating manufacturing capacity for containers; looking at 10-yr time frame: Official

Container shortage in the country has been eased out and the government is now working towards creating manufacturing capacities for containers in India, a senior official said on Tuesday. Special Secretary (Logistics) Pawan Agarwal said one of the “serious” issues that the country is facing in creating an ecosystem for container manufacturing is availability and.

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Hapag-Lloyd shelling out more than half a billion dollars for containers

Hapag-Lloyd has ordered 150,000 twenty-foot equivalent units (TEUs) in an effort to combat slow turn times. The cost — about $550 million — represents one of the German ocean carrier’s largest container orders ever. Import surges at U.S. ports, labor shortages caused by COVID-19 outbreaks and severe port congestion, particularly on the West Coast, all.

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Gateway Rail Freight, Maersk jointly flag automotive express service

Gateway Rail Freight and Maersk have jointly flagged their first automotive express service from Gurugram to APM Terminals Pipavav (Gujarat Pipavav Port). The train started from GatewayRail’s flagship terminal its Inland Container Depot (ICD) at Gurugram on Tuesday. This terminal is connected to the Western Dedicated Freight Corridor. “This will be an exclusive Maersk service to cater to the automotive sector in the.

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