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You are here: Home » News » 10 August 2017

DB Cargo spends USD 294 million on 60 engines for Euro 10 August 2017

A company said in statement, Deutsche Bahn is relying on rail freight growth to justify its purchase of 60 Vectron multi-current locomotives from Siemens.

The locomotives, which can be used in cross-border transport and are worth EUR 250 million (USD 294.35 million), are part of a master agreement with Siemens for up to 100 new mainline locomotives for DB Cargo. The first five loc...

DHL expands electric vehicle use for urban delivery in 10 August 2017

DHL Express expanded its City Hub electric vehicle scheme to The Hague, which also includes the first DHL use of the Deutsche Post Street Scooter van.

DHL Express first launched the City Hub pilot in March with a cargo bicycle for last-mile deliveries in Utrecht and Frankfurt.

DHL Cub cycle cargo bicycles were used in combination with a DHL van to pull in the city centr...

Agility air cargo beats market, but net revenue falls 2 10 August 2017

Agility's air freight tonnage grew 14.7% in the second quarter.

The air cargo performance contributed to a 9.6% increase in revenue for Agility Global Integrated Logistics (GIL), the company's core logistics business, in the quarter, to KWD255.2 million (USD 843.8 million).

The company said, Ocean container volume grew 12.9%, again above the market average. Cont...

Milaha sets up warehousing and 3PL operations in Oman 10 August 2017

Milaha has announced the launch of in-country operations in Oman. Milaha is initially setting up warehousing and 3PL services within the Sohar Free Zone, while it continues to explore further expansion in Oman of its diverse portfolio of services.

The announcement comes on top of the company also shifting its regional transshipment hub to the Port of Sohar, where Milaha is offerin...

DCI bags INR 102-crore order from Bangladesh 10 August 2017

Dredging Corporation of India (DCI) has bagged 2 major orders recently, including one from Bangladesh.

The DCI recently bagged a INR 102-crore contract for dredging Pussur channel in Bangladesh. Earlier, it got an order from Mumbai port for maintenance dredging for INR 141.06 crore.

It is chartering vessels or forming joint ventures with reputed international companies ...

Pawan Hans divestment plan to be finalized in a week 10 August 2017

A senior official said that the Ministry of Civil Aviation is in the last stages of preparing the modalities of disinvestment of State-run helicopter operator Pawan Hans and will send its proposal for evaluation “within a week”.

In October last year, the Cabinet Committee on Economic Affairs (CCEA) had given its in-principle approval for strategic disinvestment of prof...

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