DB Schenker has announced that it has been awarded a contract to provide international freight forwarding and customs clearance services to Chevron Australia. The three-year contract covers freight logistics movements as well as customs clearance requirements for Chevron’s interests in Western Australia. To support the contract, DB Schenker will utilise its global network of oil and gas offices. The operations team in Perth will be supported by the DB Schenker iTeams software solution that allows for full visibility and tracking through all stages of the logistics cycle. “We are proud to continue our relationship with Chevron. With our dedicated people around the world we have a strong record of operating safely and efficiently even on the most remote sites,” said Frank Vogel, Direc
Sadleirs Global Logistics has announced that it is the first national customs brokerage and international freight forwarder to be fully accredited as an Australian Trusted Trader by the Australian Border Force (Customs). “This is another pioneering milestone for Australia’s oldest family business,” Sadleirs wrote in a press release. “We were initially selected and are now fully accredited as a result of our strong security practices and very long history of compliant behaviour.” Australian Trusted Trader is a trade facilitation initiative that recognises businesses with a secure supply chain and compliant trade practices. It provides accredited businesses with a range of trade facilitation benefits. Australian Trusted Trader is an Authorised Operator (AEO) programme, one of ma
Mundra Port has set a global benchmark with investment in latest technology, says Dr Wilfried Aulbur. Not unlike some of their global peers, Indian business people are renowned for their financial prudence. Investments are made after careful deliberation in a step-by-step fashion, often after exhausting existing capacities to the fullest. Adani Ports is the antithesis to this behaviour. Massive investments were made early on in anticipation of substantial demand as well as with the determination to become one of the leading port operators globally in terms of efficiency. Growth in India's exports has outpaced most other nations. At a CAGR of 15.4 percent from 2002-2015, India grew faster than developing Asia (10.1 percent), Middle East and North Africa (MENA, 4.2 percent), the Eur
The country’s first perishable cargo handling centre located in an airport - AISATS COOLPORT - commenced trial operations on Monday at the Kempegowda International Airport. The centre is operated by Air India SATS Airport Services Pvt. Ltd. (AISATS). Spread over 11,000 sq.m, the centre will have an handling capacity of 40,000 tonnes per annum and deal with perishable commodities, such as pharmaceutical products, fruits, vegetables, poultry, sea food and flowers. It will have 17 dedicated cold rooms with temperatures ranging between -25 degrees C to 25 degrees C. “It will house a drug controller lab, as well as a plant quarantine inspection and certification office. COOLPORT will also be supplemented by temperature-controlled queue lanes and cool trollies,” a statement from AISATS sai
With 100% E-tenders and E-auctions already assimilated into the system, Railways is further planning to build on these initiatives to achieve seamless flow of material, finances and information. The Indian Railways will be launching digital contract, a system of digitisation of its entire supply chain across all zones. The step is aimed at improving the ease of doing business and transparency. With 100% E-tenders and E-auctions already assimilated into the system, railways are further planning to build on these initiatives to achieve seamless flow of material, finances and information. Digital contract, a seamlessly integrated digital supply chain, to be launched by Railway Minister Suresh Prabhu on April 11, envisages involving stakeholders including industries, financial in
BENGALURU: Fashion e-tailer Myntra has acqui-hired logistics startup InLogg to address its delivery inefficiencies in terms of cost and reach. InLogg, founded by ex-Flipkart employees, partners with local courier firms in Tier II and Tier III towns to enable deliveries in non-metro cities. Delivering a shipment in remote parts of non-metro cities is a high cost affair for e-commerce companies. Myntra's head of strategy Ananya Tripathi told TOI getting InLogg on board will reduce delivery costs for the Flipkart-owned online retailer in smaller cities by about 25%. "We were already doing some business with them but now it will allow us to leverage their reach to enhance our own. While we would see delivery costs going down with InLogg, the time frame to deliver to pincodes in north-east a...
Logistics is regarded as the backbone of the economy, providing efficient and cost effective flow of goods on which other commercial sectors depend. Logistic industry in India is evolving rapidly, it is the interplay of infrastructure, technology and new types of service providers, which defines whether the logistic industry is able to help its customers reduce their costs in logistic sector and provide effective services. Despite of the weak economic sentiments, the logistics industry continues to witness growth due to the growth in retail, e-commerce and manufacturing sectors. The Global Logistics sector was expected to grow 10-15% in the period 2013-14. Logistics industry is expected to reach over USD 2 billion by 2019. Rise of e-commerce logistics and increased domestic consumption
Logistics and transportation play a crucial role to help the economy of India to sustain. You can call them as the nervous system to a country’s economy. And talking about a developing nation like India, with the rise of e-commerce platforms, logistics is growing like it’s no one’s business! Increase in retail outlets, affluent demands from customers and increased connectivity are some of the major reasons why logistics is on a roller coaster. In spite of all these factors, you’ll come across a slew of problems which affects the industry to achieve its maximum potential. In fact the global cost of logistics accounts to approx 5 percent compared to 6 to 10 percent of what we have in India. Well, that means we still have a gigantic scope to improve our revenue margins by implementing bett
Japanese logistics companies are racing to step up their operations in India to cash in on the rapidly growing South Asian market, with Suzuyo & Co. and MOL Logistics (Japan) Co. establishing local subsidiaries, while Nippon Express Co. opened a new warehouse. Japan’s logistics companies are increasingly turning to India as the Chinese economy is losing steam and the Japanese economy expands only moderately, as the Indian economy is expected grow faster than China and Japan in real terms. The International Monetary Fund predicted in its latest global economic outlook on April 18 that the Indian economy will grow 7.2 percent in 2017 and 7.7 percent in 2018, while the Chinese economy will grow 6.6 percent in 2017 and 6.2 percent in 2018. As a result, Suzuyo has established a local subs
The liquid cargo business of APM Terminal Pipavav, a part of APM Terminals Global Terminal Network, is seeing huge growth in sync with the change in export and import demand from Indian companies. Liquid cargo which includes LPG and non-LPG consignments [POL/chemicals], has registered a sharp increase in volume over the past two years while the volume of bulk and container segments has declined. The new focus is reflected in the company's performance over the past two years. After handling 4.64 million tonnes for the 15-month period ended March 31, 2015, bulk handling volume has declined to 2.47 million tonnes in 2015-16. Container business volume has plunged from 980,689 TEUs during the 15-month period ended March 31, 2015, to 694,614 TEUs in 2015-16. Liquid cargo volume, on the...