Concor sell off sparks private monopoly concerns

Selling off the management control of Concor, an Indian Railways’ navratna, to a strategic investor has spurred concerns about the emergence of a private monopoly in the container movement space among the industry experts, former Concor executives and Indian Railway officials. But, there are also a few who felt that a “stronger management” without fear.

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First freight rake service from Sankari to Vanjipalayam flagged off

The first freight rake service from Sankari durg to Vanjipalayam Station in Tiruppur district, carrying cement consignment, was flagged off here on Wednesday. Salem Railway Divisional Manager U. Subba Rao flagged off the service from Sankari durg in the presence of E. Harikrishnan, Senior Divisional Commercial Manager, Harikumar, Senior Divisional Operating Manager, S. K. Palaniappan,.

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How smaller containers could mean big business for Indian Railways

Start-ups floated by former railway employees are attracting more customers towards the railways by designing alternative types of containers. A firm founded by Naresh Kumar – Kalyani Cast Tech – has designed containers that help to provide services on the rail mode on an end-to-end basis. Kumar claims that the services are at least 10.

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Rhenus Logistics eyes more acquisitions to expand its global footprint

Germany’s Rhenus Logistics is targeting more acquisitions to expand its global warehousing and freight forwarding operations. “Plans include opening warehouses across India and in Durban in 2020, and we are considering Dubai as a potential market too,” a spokesperson for Rhenus Asia Pacific told. “We are also actively looking at he opportunities in the Americas,.

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CONCOR’s ICD Tihi in Indore functional

The Container Corporation of India (CONCOR) has intimated in a trade notice that, with effect from November 18, 2019, all its ex-im operations at ICD Pithampur shall be done at ICD Tihi, which is notified by Customs vide Notification No. 8/2019-Cus dated 15.11.2018. The EDI code of the new facility will remain unchanged, i.e. ININD.

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Skyways Group launches new logo for Bangladesh arm

Global logistics company Skyways Group has rebranded its Bangladesh arm, Skyways SLS Frugal (BD) Pvt. Ltd., with a new logo. The logo launch was held at held at Hotel Amari in Dhaka. Speaking at the event, Yashpal Sharma, MD, Skyways Group said, “Everyone around the world is looking at Bangladesh with a lot of enthusiasm.

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Gateway Distriparks to sell Chandra CFS to Team Global

The company has entered into a share purchase agreement to sell its subsidiary – Chandra CFS & Terminal Operators Private Limited – in Chennai to Team Global Logistics Private Limited, for Rs47 crore. Gupta commented, “Gateway Distriparks is looking to consolidate its position in Chennai by working out of a single facility, and the net.

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GST and tech start-ups are driving huge change in India’s road freight sector

Technology start-ups in India are successfully disrupting the country’s highly inefficient and fragmented road freight sector, according to a new report by Deloitte. Since 2014, road freight start-ups have attracted over US$500m in disclosed funding, the report says, with established players Rivigo and Blackbuck at the forefront of the investment wave, together raising more than.

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