The Captain of the Baltimore Port established a fourth channel, the Fort McHenry limited access channel, which will run the length of the northeast side of the federal channel, and provide additional access to commercially essential traffic. The limited access deep draft channel has a controlling depth of 35 feet, a 300-foot horizontal clearance and a vertical clearance of 214 feet, and will facilitate some larger deep draft vessels, large marine tugs, and MARAD vessels through the Port of Baltimore. Infographic Credit: Key Bridge Response 2024 Unified Command. Vehicle carrier Carmen move ..read more

In a significant development in the Indian aviation industry, IndiGo, India’s largest airline by market share, has placed an order for 30 Airbus A350 wide-body aircraft. These aircraft are the Airbus A350-900 variant. IndiGo’s A350 fleet will be powered by the Rolls Royce Trent XWB engine, as the company has also made agreements with Rolls Royce for 60 Trent XWB engines. In addition to the 30 Firm A350-900 order, IndiGo has Purchase Rights for an additional 70 Airbus A350 Family aircraft, based on its choice, according to the official release by the airline. After placing the order for the A3 ..read more

KPMG in India, one of India’s leading professional services firms, and Arkieva, a global leader in supply chain planning solutions, announced an alliance to deliver successful supply chain transformation projects. With Arkieva’s technology and advanced analytics enabled supply chain planning solutions, combined with KPMG in India’s strength in business consulting, the alliance will help businesses to have a clear single view over the entire supply chain which includes demand, supply and sales and operations (S&O) planning visibility, says an official release from KPMG in India. "Also, it ..read more

Netradyne, a provider of artificial intelligence (AI) technology for fleet and driver safety, announced its expansion into the U.K. market. The company has partnered with Intelex, a provider of aftermarket vehicle safety solutions based in Birmingham, for vehicle safety solutions in the region, according to a press release from Netradyne. "By combining Netradyne's industry-leading Driver•i with Intelex's Fleetly platform, we are confident in delivering improved driver safety and fleet management efficiency to U.K. fleet operators," says Durgadutt Nedungadi, Sr. Vice-President, International B ..read more

Falcon Autotech, a leading global intralogistics automation solutions provider, opened its office in Amsterdam, Netherlands, to expand its global presence. The expansion would position Falcon as one of the global leaders in the warehouse automation industry with a growing presence in the European continent/region, says an official release. "This will enable Falcon to introduce its state-of-the-art warehouse automation solutions such as the NEO 3D ASRS, robotics, sortation, and conveying systems across the region. The move signifies Falcon's commitment to delivering innovative solutions and pr ..read more

 MSC Group, through its subsidiary SAS Shipping Agencies Services, has agreed to acquire Norway-based car carrier Gram Car Carriers (GCC) for nearly $700 million. Gram Car Carriers is the third largest tonnage provider in the world with a modern car carrier fleet. The company is the commercial manager of 22 car carriers of which 18 are owned and four are managed (dual-fuel LNG car carriers under construction) on behalf of third-party owners with a capacity of between 2,000 and 7,000 units. For the first quarter of 2024, GCC reported revenue of $54.9 million and EBITDA of $40.8 million, d ..read more

DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose its development impact in countries of focus in accordance with the recently released impact disclosure guidance from the Impact Disclosure Taskforce. “DP World invites industry participants and practitioners to share their feedback during a four-month public consultation period, from 18 April to 1 September, to shape and refine the guidance,” reads the release. The disclosure serves as a framework for private sector companies and sovereigns, to demonstrate how ..read more

Mahindra Logistics (MLL) announced its audited consolidated financial results for the quarter and year ended on March 31st, 2024 with FY24 revenue at ₹5,506 crore as compared to ₹5128 crore in FY23. The integrated logistics company reported a consolidated loss of ₹54.7 crore in FY24 compared to a profit of ₹26.3 crore in FY23. Meanwhile, for Q4, the company with 20 million+ sq ft warehousing space and reach to 19,000+ pin codes, reported consolidated revenue of ₹1,451 crores as compared to ₹1,273 crore last year and loss of 12.9 crore compared to ₹0.8 crore. In Q4, Mahindra Logistics launched ..read more

Kuehne+Nagel Group’s net turnover in the first quarter of 2024 declined 18 percent to CHF 5.5 billion ($6.1 billion) with an EBIT of CHF 376 million and earnings before minorities of CHF 278 million ($306 million), down 40 percent. "The results were lower overall and impacted by negative exchange rate effects of three percent relative to the prior year," says an official release. The start of the business year 2024 was characterised by a slightly improving demand trend for transportation services in sea and air logistics, the release added. "The conversion rate, which describes the ratio of E ..read more

Container Corporation of India (CONCOR) and PSA MESA Supply Chain (PSA MESA) have signed a Memorandum of Understanding (MoU) in April 2024 to collaborate in offering seamless and cost-effective end-to-end logistics service to customers. “This strategic partnership aims to leverage the strengths of both organisations’ respective infrastructure and experience to enhance the “ease of doing business”. The MoU also underscores CONCOR’s and PSA’s commitment to contribute to more sustainable, efficient and resilient supply chains, in support of India’s national logistics transformation,” reads the B ..read more