Logistics company Porter mulls expanding into 10 more cities in FY23

Porter claims a customer retention rate of 65 percent operating with four lakh partner drivers and a customer base of 80 lakh Bengaluru Porter, an intercity logistics company, plans to launch in ten more cities in FY23 with an operational expenditure of one million dollars per city. “In order to get to a new city, […]

DP World H12022 revenue up 60%

Cash from operating activities increased 30% to $1.9 billion in 1H2022. DP World reported a 60 percent increase in revenue at $7.9 billion for the first half of 2022 compared to $4.9 billion in H12021 on marginal (1.6 percent) increase in consolidated throughput at 22,918,000 TEUs. While adjusted EBITDA was up 35 percent at $2.4 […]

Amazon India announces special diversity grant

Amazon assists interested entrepreneurs in starting their own delivery business with DSP Program Amazon India has announced a special grant to empower aspiring entrepreneurs from underrepresented communities to join its Delivery Service Partner (DSP) program in India. With the DSP program, Amazon assists interested entrepreneurs in starting their own delivery business by providing them access […]

Kuehne+Nagel to ship 40,000 TEUs on biofuel

First of several advanced biofuel volumes for K+N’s biofuel concept, available to customers on any trade/any service. Kuehne+Nagel has secured the equivalent volumes of a waste-based next-generation biofuel to save CO2 emissions of 40,000 TEUs. “In line with the company’s zero emissions targets, customers can participate to neutralise the CO2 emissions from their own shipments […]

ONE reports record Q1 profit of $5.5bn

Liftings declined 5 percent at 2.9 million TEUs compared to 3.1 million TEUs in Q12021 Ocean Network Express (ONE) reported a more than doubling of profit at $5.5 billion for the first quarter ended June 30, 2022, on higher freight rates. Revenue increased 56 percent to $9.01 billion from $5.8 billion in Q12021. Bunker price […]

Maersk launches India-Bangladesh inland waterways logistics solution

The first movement involved 50 containers from Kolkata to a river port near Dhaka for Coca-Cola Bangladesh Beverages. Maersk completed the first India- Bangladesh cross-border logistics of containerised cargo using the inland waterways of the Indo-Bangladesh Protocol Route for Coca-Cola Bangladesh Beverages. By transporting 50 containers (TEUs or Twenty Feet Equivalent Units) from Kolkata in […]