HEADLINE
Pharma sector seen growing at 8-10 pc in FY25, says CRISIL
The Indian pharmaceutical sector is expected to see revenue growth of 8-10% this financial year, driven by strong exports to regulated markets such as the US and Europe, a recovery in semi-regulated markets including Africa and Asia, and consistent domestic demand, according to a report by CRISIL Ratings. This…
Read MoreMangaluru Airport ICT handles record cargo in Aug.
Mangaluru International Airport (MIA) has achieved a new milestone in handling cargo in August 2024. The Integrated Cargo Terminal (ICT) at the airport handled 604.61 tonnes of cargo – the highest tonnage since the operationalisation of the ICT in May 2023. This included 332.05 tonnes of domestic and 272.56…
Read MoreFIATA’s endorsement of ICHM signals new era of cooperation between freight forwarders and airlines
The International Air Transport Association (IATA) and the FIATA International Federation of Freight Forwarders Associations announce FIATA’s endorsement of the IATA Cargo Handling Manual (ICHM). This follows an extensive one-year process of discussions, review, and collaboration between the two organizations. The ICHM provides standardized procedures for airlines, ground handling…
Read MoreFedEx launches fdx data-driven commerce platform
FedEx Corporation has announced that fdx.com is now live and available to FedEx customers in the US. fdx is a data-driven commerce platform that leverages powerful FedEx network insights to connect the entire customer journey—making it easier for companies to grow demand, increase conversion, optimize fulfilment, and streamline returns….
Read MoreEtihad Cargo and SF Airlines to strengthen UAE-China trade with joint venture commitment
Etihad Cargo, the cargo and logistics arm of Etihad Airways, and SF Airlines, a subsidiary of SF Holding, have announced their shared commitment to a project that will establish a landmark joint venture, marking an unprecedented milestone in the 40-year history of diplomatic relations between the United Arab Emirates…
Read MoreDHL Group introduces strategic framework to accelerate sustainable growth
DHL Group, the world’s leading logistics company, has introduced its strategic framework for the second half of the decade. With “Strategy 2030 – Accelerate Sustainable Growth” the company strives for 50% revenue growth by 2030 compared to 2023. DHL Group aims to unlock its full growth potential through divisional…
Read MoreAsia Pacific nations commit to sustainable aviation future at landmark ministerial conference in New Delhi
Asia Pacific nations have committed to a landmark shift towards sustainable aviation, enhanced safety and technological innovation in a unanimous declaration adopted at a high-level Ministerial conference in New Delhi last week. The Delhi Declaration, endorsed by 29 countries, sets ambitious targets for the future of air travel in…
Read MoreUSA & Canada: Latest security measures for air cargo destined for/transiting through North America
In response to increased civil aviation threats, the United States Transportation Security Administration (TSA) and Transport Canada has recently implemented new emergency measures, effective immediately, in respect of all air cargo destined for or transiting/transferring through the United States, where such cargo originates from Europe and the Commonwealth of Independent States…
Read MoreUPS bolsters healthcare logistics capabilities with cold chain acquisitions
UPS has announced that is has agreed to acquire Frigo-Trans, and its sister company BPL, (together Frigo-Trans) industry-leading, complex healthcare logistics providers based in Germany. Once completed, the acquisition will enhance UPS’s end-to-end capabilities throughout Europe for UPS Healthcare customers who increasingly require temperature-sensitive and time-critical logistics. “The fast-paced…
Read MoreTwo air cargo routes launched from China to Belgium, Hungary
Two new all-cargo international routes, connecting northwest China’s Shaanxi Province to the Belgian city of Liege and Budapest, the capital of Hungary, took flight last week, marking a significant boost to trade and cultural exchanges between China and Europe. The two routes will operate two round-trip flights weekly from…
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