HEADLINE
Bulk drug imports from China soar to 75 pc in FY23
Despite the commissioning of various domestic manufacturing projects under the government’s production-linked incentive scheme, bulk drug imports from China increased from 62 per cent to 75 per cent in the past nine years and India continues to depend on Chinese shipments, according to a report by Care Ratings. Import…
Read MoreDHL Global Forwarding announces leadership changes in air freight business
DHL Global Forwarding, the air and ocean freight specialist of DHL Group, has announced a change in its global leadership team. Thomas Mack, Executive Vice President Air Freight, will move into a new Senior Advisor role and continue to report directly to Tim Scharwath, CEO of DHL Global Forwarding….
Read MoreUPS Healthcare launches UPS Premier service across India
UPS Healthcare has announced the expansion of its UPS Premier service to India, marking another step in ongoing service and technology upgrades to meet the evolving needs of critical time- and temperature-sensitive healthcare shipments. Indian customers will have access to UPS Premier Gold service benefits, including “first-in, first-off” prioritisation, built-in…
Read MoreAir Cargo Association of Hyderabad holds grand Annual Ball 2023
The Air Cargo Association of Hyderabad celebrated its 22nd Annual Ball on August 6, 2023 at The Park Hyatt, Banjara Hills, Hyderabad. This is the flagship event of the Air Cargo Association of Hyderabad, conducted every year, except for the last three years due to the pandemic and other…
Read MoreGlobal air cargo capacity recovers in July but average spot rate slumps
July 2023 saw global air cargo capacity recover by +7% compared to a year ago, as airlines’ summer schedules stepped up to meet heightened passenger traffic. In line with this, the July global average dynamic load factor, which measures cargo load factor based on both volume and weight perspectives…
Read MoreFirst trial shipment of fresh pomegranate to the US done by air
In a major boost to fruits exports prospects, Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh pomegranate to the USA through the air route. This first…
Read MoreNational Air Cargo Group, Inc. partners with Etihad Cargo on USPS ICAIR 2023-27 program
US-based National Airlines, a division of National Air Cargo Group, Inc., has entered an interline agreement with the Middle East’s Etihad Cargo to successfully roll out the ICAIR23 program for the United States Postal Service (USPS). This agreement initiates a unique partnership, as it combines National’s extensive experience in…
Read MoreIndiGo now flying directly to Nairobi
IndiGo, India’s preferred airline has commenced new daily direct flights between Mumbai and Nairobi, starting August 5, 2023. Nairobi, Kenya’s capital and largest city, is a great addition as the 27th international and 105th overall destination in the 6E network, highlighted a release. A momentous opening for IndiGo as…
Read MoreEmirates SkyCargo’s e-commerce delivery platform expands to Kuwait
Emirates Delivers, the e-commerce delivery platform of Emirates SkyCargo, has launched in Kuwait, facilitating fast, reliable, and cost-effective international delivery of items purchased from the UK and the US to shoppers in Kuwait. Whether buying from a large e-commerce retailer or an online independent boutique, making savings during international…
Read MoreContraction in air cargo demand eases
The International Air Transport Association (IATA) released data for June 2023 global air cargo markets showing the smallest year-over-year contraction in demand since February 2022. Global demand, measured in cargo tonne-kilometres (CTKs), fell 3.4% in June compared to June 2022 (-3.7% for international operations). For the half year, demand…
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