Eicher Motors launch LMD truck variants to serve the booming e-commerce industry

Eicher Trucks and Buses, a part of VE Commercial Vehicles (VECV) introduced five new variants in the light and medium (LMD) truck segment to cater to the burgeoning transportation needs of the e-commerce industry that grows at an exponential rate of 50% every year. The trucks are equipped to take on higher volumes from long … Continue reading “Eicher Motors launch LMD truck variants to serve the booming e-commerce industry”

Indospace bets on Indian logistics as e-commerce booms

Indospace was among the early movers to bet on India’s zero-mile city, Nagpur emerging to become one of Asia’s key logistics hubs. The storage facility developer and industrial real estate investor pledged USD 1 billion towards expanding warehousing space in India. After recently selling off a large segment of its logistics assets to Canada Pension … Continue reading “Indospace bets on Indian logistics as e-commerce booms”

Diwali flames e-commerce giants to vamp up logistics

E-tail giants, Amazon and Flipkart, began preparations to double their offerings and logistics chains early last month in preparation for India’s largest and grandest annual festival, Diwali. In a vividly competitive spirit, the industry behemoths expect a neck to neck battle to maximise wallet share. The expected volume in sales could alter each company’s overall … Continue reading “Diwali flames e-commerce giants to vamp up logistics”

Amazon tests in-house delivery service to rival UPS and FedEx

Amazon’s ardent experimentations in shortening delivery times and inventory costs have forayed a new segment that inches the e-tail giant closer to the logistics market led by delivery partners like United Parcel Service Inc. and FedEx Corp. Amazon ensures two-day deliveries on a vast range of fast moving product skews. In an effort to increase … Continue reading “Amazon tests in-house delivery service to rival UPS and FedEx”

India-US to set up ‘State Engagement Task force’ to deepen trade and investment ties

The US-India Business Council (USIBC) seeks to unveil a ‘State Engagement Task force’ (SET) to help Indian and American businesses align their interests with the priorities of the State governments and allow free movement of goods and services on both sides. The priority areas covered under this plan are defence, energy, development of smart cities … Continue reading “India-US to set up ‘State Engagement Task force’ to deepen trade and investment ties”