Maersk Aims To Boost Indian Revenue With New Rail Service For Auto Companies Maersk Aims To Boost Indian Revenue With New Rail Service For Auto Companies The rail service, which will carry auto parts for export and return with import cargoes, will give companies leeway in managing their supply chain.
Maersk to start new rail service for auto makers
Maersk has launched a rail service between its port in western India and the automobile manufacturing hub of Gurugram as the shipping group looks to boost revenue from its non-ocean business, its South Asia head told Reuters.
The rail service, which will carry auto parts for export and return with import cargoes, will also ensure companies have more predictability in managing their supply chain, Vikash Agarwal, managing director, Maersk South Asia said on Tuesday. Last year, the coronavirus pandemic disrupted supply chains for auto and other companies with road transport coming to a near-halt during the nationwide lockdown.
Containerised import and export trade contracts 6 5% sentinelassam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sentinelassam.com Daily Mail and Mail on Sunday newspapers.
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Maersk Appoints Vikash Agarwal As New MD For South Asia
Agarwal, who moves to Maersk from CEVA Logistics, will join the company on March 1 and work closely with Steve Felder who will step down at the end of March to explore new opportunities within AP Moller – Maersk
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Integrated container logistics firm Maersk has appointed Vikash Agarwal as its new Managing Director for South Asia, according to a company release on Monday.
Agarwal, who moves to Maersk from CEVA Logistics, will join the company on March 1 and work closely with Steve Felder who will step down at the end of March to explore new opportunities within AP Moller – Maersk, it said.
Containerised trade on recovery path despite declining 8% in Jul-Sept quarter: Maersk
Indian containerised trade is on a recovery path despite declining by about 8% year-on-year during the third quarter (July to September) of the year, Maersk, the world’s number one container line, said on Thursday.
The shipping giant said that containerised trade from the country reported a 31% increase from the second quarter, indicating that trade is on a path of recovery.
According to the report, which is a combination of market intelligence and Maersk data, exports out of India are up by 14% over Q3 of last year while they are 47% higher than Q2 of 2020. Imports are, however, 28% lower than Q3 of 2019, but have recovered by more than 30% from Q2 of 2020.
India s container trade severely impacted on low supply, demand this year: Maersk financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.