Cogoport to launch world’s first digital freight corridor

Who is Cogoport? Cogoport is a digital freight logistics startup backed by Accel Partners. The company two years old having been established in 2016. It works toward providing customer-focused end to end global digital freight solutions. They cover warehouse to warehouse transportation solutions for importers and exporters. In the near future, the company is working … Continue reading “Cogoport to launch world’s first digital freight corridor”

New world record: Mumbai airport handles 969 flights in 24 hours

Image by:- T. Laurent Mumbai broke its previous record of handling 935 flights in 24 hours by tackling 34 additional arrivals and departures between Friday and Saturday last week. This is a noteworthy feat especially because Mumbai has two runways that intersect, allowing only one to be operational at a time. Thus, safely and punctually … Continue reading “New world record: Mumbai airport handles 969 flights in 24 hours”

1% cost cut in logistics would add $10 billion to India’s GDP

Image by: Ashwin John – Flickr Logistical inefficiencies bottleneck internal movement of goods and compound costs of international trade thus robbing potential revenues from both domestic and global markets. Logistics costs account for 14% of Indian GDP, compared with 10% in China and just 8% in the United States. The high cost of getting goods … Continue reading “1% cost cut in logistics would add $10 billion to India’s GDP”

India’s North South Transport Corridor (INSTC) will revive Latvian seaport for Indian exporters

India’s multi-modal logistics corridor will tap trade opportunities in Latvia, turning the tiny nations off the Baltic Sea into a gateway for Indian goods entering Northern Europe. The Mumbai-Tehran-Moscow pathway is said to rival the Suez Canal route as it facilitates faster, cheaper and safer cargo movement between Asia and Europe. Latvia’s largest seaport, Riga, … Continue reading “India’s North South Transport Corridor (INSTC) will revive Latvian seaport for Indian exporters”

Inland waterways optimise freight movement in BBIN region

South Asian nations have long underutilised the viability of inland waterways. At an event, Sub-Regional Dialogue on Inland Waterways, held in Kolkata, experts concurred that developing infrastructure to connect the waterways of India and Bangladesh would not only ease the movement of goods between these nations but optimise transport networks to expedite and economise freight … Continue reading “Inland waterways optimise freight movement in BBIN region”