India's logistics sector is likely to cross the US$200 billion by 2020, the country's Minister of State for Road Transport Sarvey Sathyanarayana said recently. "The connectivity and the convenience in operations is the key for sustaining the global trade growth. Currently India's logistics sector is valued at around US$125 billion and is likely to cross the US$200 billion by 2020," he said. He added that the government's increased spending on infrastructue development and greater … [Read more...] about India's logistics sector to hit US$200 billion by 2020
logistics
India’s logistics sector to hit US$200 billion by 2020
India's logistics sector is likely to cross the US$200 billion by 2020, the country's Minister of State for Road Transport Sarvey Sathyanarayana said recently. "The connectivity and the convenience in operations is the key for sustaining the global trade growth. Currently India's logistics sector is valued at around US$125 billion and is likely to cross the US$200 billion by 2020," he said. He added that the government's increased spending on infrastructue development and greater … [Read more...] about India’s logistics sector to hit US$200 billion by 2020
H1 revenue falls for Agility, but net profit up 3%
Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline 9 per cent to KWD 821.0 million (US$2.87 billion) compared with the same period a year earlier, but net profit rose three per cent to KWD 74.9 million. … [Read more...] about H1 revenue falls for Agility, but net profit up 3%
Shortage of skilled labour in Viet logistics
As the country’s economy expands under integration with the World Trade Organisation (WTO) regime, there is a pressing need to grow the size and quality of the supply chainworkforce, say industry insiders. In 2000 there were only a handful of Vietnamese enterprises involved in logistics, but that number has now swelled, with hundreds of national companies and joint ventures with overseas companies now active in the freight forwarding and logistics markets. A number of key … [Read more...] about Shortage of skilled labour in Viet logistics
Toll completes BALtrans integration
Australian international logistics group Toll has announced it has completed the integration of BALtrans, the Hong Kong-based worldwide forwarder/logistics provider it acquired in early 2008. Toll, now one of Asia's leading providers of integrated logistics services, said that with effect 1 March, BALtrans has been rebranded as Toll Global Forwarding (TGF). It said TGF would use the new Asian forwarding and logistics operations as a platform to strengthen the Toll network in the Middle East, … [Read more...] about Toll completes BALtrans integration
China aims to up Pearl River Delta competitiveness
The Chinese government has released its plan for the future development of that country's most prosperous region, the Pearl River Delta. Shenzhen, Guangzhou and the other cities of Guangdong have the greatest concentration of economic activity in China and Beijing has mapped out an ambitious plan to keep the economic export engine running smoothly. The ongoing global recession has underscored concern in China over how to maintain growth in the key export sectors of its economy. Faultering demand … [Read more...] about China aims to up Pearl River Delta competitiveness