The global air freight market continues to witness declines in tonnage. According to IATA, year-to-date through September, tonnage is down 2.6%. However, Middle East carriers have been able to defy this downward spiral and have reported a...

While Iraq, Venezuela and Kuwait are gaining ground in India’s crude oil energy basket, Iran is consistently losing its position. During the April-September period of the current fiscal, Indian refiners imported 85.959 million tonnes of crude oil....

Global logistics major UPS is looking at China and India, as the major healthcare opportunity markets in Asia, the company stated in a release. China and India are the fastest growing healthcare markets in the region and...

New Mangalore Port is targeting Shimoga region to boost its container traffic. P. Tamilvanan, Chairman of New Mangalore Port Trust (NMPT), told Business Line that cargoes such as machinery parts used in automobile industry are now being...

Transpacific carriers have delayed by two weeks the planned implementation of a December 1 general rate increase. The GRI is now to be imposed from December 15. In a statement, the Transpacific Stabilization Agreement (TSA) said: “The...