August - A Reason to Celebrate

Well, it's August already... just four more months to a new year. Time surely flies by! They say August is the 'Sunday of Summer' and truly so, this month started on a good note for the supply chain industry globally. From new beginnings to reaching goals, we've got many reasons to celebrate - small and big. Spread across the many facets of the supply chain industry, they truly give hope that we'll get through it. This week, we give you a sneak peek into some of such accounts.

Before you proceed, do check out our latest edition of the Logistics Insider magazine. The August edition is our Anniversary Issue and includes some insightful articles and interviews for your curated reading.

Turkish Cargo bags 4th rank among global air freighters

Turkish Cargo has been ranked fourth among the top 20 air cargo companies in the world, according to the June issued by the World Air Cargo Data (WACD). The Carrier demonstrated its determination for hitting the top while ranking 4th on the WACD list. Turkish cargo has risen to first place in the Eastern European market and surpassed top brands in America, Europe, and the Far East, managing to carry one cargo out of five in the world as well. In the UAE market, the global carrier ranked second with a growth of 18 percent based on sale-tonnage on a year-on-year basis and ranked 3rd in India.

Straight out of a Disney movie – Mili the Little Spaniard

In what can be said a miraculous escape and straight out of a Disney movie, a dog survived being trapped in a shipping container for 40 days. Mili the Little Spaniard, as she is now fondly called in Panama City, somehow got trapped in an empty shipping container destined to travel from Spain to Panama City crossing the Atlantic from Andalucia. She is approximately a year old, caramel coloured fluffed up dog who is now, after months of rehabilitation and training, living the time of her life at the MIDA Agricultural Development Ministry.?

UPS is most valuable logistics brand in the world: report

A new report from?Brand Finance?reveals that UPS?has held the top spot as the most valuable logistics brand in the world with a brand value of US$38.5 billion. Despite disruptions to the global supply chain, the brand value of UPS jumped by a quarter over the year as demand for its services increased. Further, UPS has benefited from improved goodwill in many nations as it actively contributed to improving access to COVID-19 vaccination supplies for 110 countries. The brand used their logistics supply chain network to deliver shipments and medical equipment as needed throughout the world.

Blue Dart reappoints Balfour Manuel as Managing Director for another term of five years

Blue Dart Express Limited has announced the reappointment of Balfour Manuel as Managing Director for another term of 5 years with effect from 16th May 2022. The shareholders of the Company approved his re-appointment at the recently held Annual General Meeting.?Associated with the organization since its initial days in 1983 Balfour Manuel has been instrumental in the success of Blue Dart. He is responsible for the organization’s market-differentiating capabilities which include an extensive ground network as well as a robust air network supported by the organization’s own fleet of aircraft and an extensive reach of over 55,000 locations across the nation.?

Etihad Airways scales up its cargo operations with Airbus’ new generation A350F freighter

Etihad Airways has firmed up its order with Airbus for seven new generation A350F freighters, following its earlier commitment announced at the Singapore Airshow. The freighters will upgrade Etihad’s freight capacity by deploying the most efficient cargo aircraft available in the market. Etihad has also firmed up a long term agreement for Airbus’ Flight Hour Services (FHS) to support its entire A350 fleet, to maintain aircraft performance and optimise reliability. This marks the first agreement for an Airbus FHS contract for an A350-fleet in the Middle East.?

Dunzo’s B2B logistics arm debuts on ONDC

Dunzo’s B2B logistics arm, Dunzo for Business (D4B), one of India’s leading hyper local logistics providers, has partnered with Open Network for Digital Commerce (ONDC) to provide last-mile delivery services to numerous local enterprises on the ONDC network. D4B is one of the first and key logistics partners on the network.?D4B has a strong fleet of over 75k delivery partners, connecting over 20k merchants to customers, and running millions of orders every month.?

TCI publishes Q1 financial report, exhibits steady growth

India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India (TCI) Ltd., today announced its financial results for the first quarter ended 30th June. While TCI’s Y-o-Y standalone revenue growth touched 32.3%, its net profit saw a rise of 58.4%. Commenting on the result,?Mr. Vineet Agarwal, Managing Director TCI?stated, the company continued to demonstrate steady performance due to its adherence to core business fundamentals. Impact of high fuel prices, general inflation and volatile demand in certain sectors were key challenges which the company manoeuvred to deliver value to its customers.