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RBI imposes a monetary penalty of ₹2 crore on RBL Bank

RBI imposes a monetary penalty of ₹2 crore on RBL Bank The Reserve Bank of India has imposed a monetary penalty of ₹2 crore on RBL Bank.The penalty, imposed by an order dated September 27, is for contraven Źródło 27…

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LM Podcast Series: TIA President and CEO Reinke Assesses Freight Economy and Brokerage Market

LM Podcast Series: TIA President and CEO Reinke Assesses Freight Economy and Brokerage Market In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Anne Reinke, President and CEO of the…

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Rubber Board to launch virtual trade fair on Sept 30

Rubber Board to launch virtual trade fair on Sept 30 The fair offers virtual conference facilities, online meetings with global buyers and live streaming of events Źródło 27 September 2021, 17:04

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FTR’s Trucking Conditions Index declines but remains in solid territory

FTR’s Trucking Conditions Index declines but remains in solid territory The July TCI, which is the most recent month for which data is available, came in at 10.78, down from June’s 12.61 and May’s 15.72. The all-time record reading, for…

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Plantation sector allocation hiked to ₹4,112.29 crore for FY22-26

Plantation sector allocation hiked to ₹4,112.29 crore for FY22-26 Industry seeks loan restructuring and revision in RoDTEP rates Źródło 27 September 2021, 16:48

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Daily Covid-19 death count dip to a deceptive low in Kerala

Daily Covid-19 death count dip to a deceptive low in Kerala Covid test positivity ratio is at 14.55 per cent, and register 11,699 new cases on Monday. Źródło 27 September 2021, 16:48

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Pandemic, Amazon Driving Growth of Minnesota Mega-Business Centers

Pandemic, Amazon Driving Growth of Minnesota Mega-Business Centers An enormous new kind of trucking center is rolling into the Twin Cities — thanks in part to the pandemic and the home-delivery giant Amazon.com Inc. Źródło 27 September 2021, 16:45

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Federal Bank partners with NPCI for RuPay credit card

Federal Bank partners with NPCI for RuPay credit card The card will come with the lowest APR starting from 5.88% per annum Źródło 27 September 2021, 16:43

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EV Maker Polestar Valued at $20 Billion in SPAC Deal

EV Maker Polestar Valued at $20 Billion in SPAC Deal Polestar, the electric vehicle maker backed by Volvo Car Group and actor Leonardo DiCaprio, agreed to go public through a merger with a blank-check company at a roughly $20 billion…

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Transfix is set to become a public company through transaction with G Squared

Transfix is set to become a public company through transaction with G Squared The company said that this was done by entering into a definitive business combination agreement with G Squared Ascend I Inc., a special purpose acquisition company (SPAC)…

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SEBI has no info on whether MF trustees have dedicated staff

SEBI has no info on whether MF trustees have dedicated staff Regulator last year made it mandatory to assist trustees Źródło 27 September 2021, 16:15

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Orders for Business Equipment Rise for Sixth Straight Month

Orders for Business Equipment Rise for Sixth Straight Month Orders placed with U.S. manufacturers for business equipment strengthened in August, extending to six months a solid run of robust capital investment that’s helping fuel economic growth. Źródło 27 September 2021,…

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UPASI gets new president and vice-president

UPASI gets new president and vice-president M.P.Cherian, Managing Director of The Cottanad Plantations Limited and The Nilambur Rubber Company Limited Kerala, has been elected as President of UP Źródło 27 September 2021, 16:00

Supply chains prepare for peak-season tightness

Supply chains prepare for peak-season tightness We’re well into the back nine of 2021 on a course full of doglegs, sand traps and water hazards. The industry has played with high handicaps this year, dealing with prolonged capacity and labor…

BMO, big lender to trucking, sticking to existing practices in the bull market

BMO, big lender to trucking, sticking to existing practices in the bull market The transportation group at BMO, the former Bank of Montreal, is generally viewed as the  largest lender to the North American trucking industry. And one thing it…

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Gully Network wants to become the 7-Eleven of India

Gully Network wants to become the 7-Eleven of India It estimates to capture a $2 billion market share with 20,000 stores across the country. Źródło 27 September 2021, 15:50

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Sumo Digital opens studio in Bangalore

Sumo Digital opens studio in Bangalore This is game developer’s second studio in India Źródło 27 September 2021, 15:41

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Panic Buying in U.K. Creates Shortages at Gas Stations

Panic Buying in U.K. Creates Shortages at Gas Stations The Covid-19 pandemic and the U.K.’s departure from the European Union have resulted in a shortage of tanker drivers to ferry the fuel to forecourts across the country. Źródło 27 September…

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Power cuts hit China factories and give container shipping another shock

Power cuts hit China factories and give container shipping another shock Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions. By Friday, at least 10…

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Market Movers: Auto sector catches festive bug as value investors raid stocks

Market Movers: Auto sector catches festive bug as value investors raid stocks The Nifty Auto index soared 3 per cent and outpaced the gains of even the trendsetting realty index, a feat that would have been improbable last week. The…

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‘Plan ahead’, says Maersk, unveiling plans to skip ports as demand grows

‘Plan ahead’, says Maersk, unveiling plans to skip ports as demand grows Maersk says it expects to see “early signs of a pre-Chinese New Year rush in December”, and is advising customers to plan their supply chains “well ahead”. It…

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Ocean terminal and inland congestion forces river barges to store boxes

Ocean terminal and inland congestion forces river barges to store boxes Barges are being turned into floating storage platforms to alleviate pressures on Northern Europe’s ocean terminals, as inland waterway operators report surging congestion. Wait times at Rotterdam have sky-rocketed…

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Repair cargo scanners at congested Dhaka Airport, urge garment exporters

Repair cargo scanners at congested Dhaka Airport, urge garment exporters Amid severe traffic chaos at Dhaka Airport, apparel makers, the main user of air cargo services in Bangladesh, have called on the government to act to improve export service quality. Last week, a…

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More supply chain misery down under with new MUA strikes at Patrick

More supply chain misery down under with new MUA strikes at Patrick The Maritime Union of Australia (MUA) has launched another series of strikes against Patrick Terminals, causing “even more pain” for shippers. The 19-month saga over a new workplace…

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BPCL to invest ₹1-lakh crore in various businesses over five years, says CMD Arun Kumar Singh

BPCL to invest ₹1-lakh crore in various businesses over five years, says CMD Arun Kumar Singh The investment will be funded through a mix of internal resources and borrowings Źródło 27 September 2021, 15:33

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More than 350 jobs will be lost as EVCL Chill enters administration

More than 350 jobs will be lost as EVCL Chill enters administration EV Cargo’s cold chain subsidiary, EVCL Chill, has declared bankruptcy, with accountancy firm PwC appointed administrator. The company employs 1,092 staff and operates 374 trucks and 432 trailers…

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Transport tech provider 3G upgrades in ‘a shifting and competitive’ market

Transport tech provider 3G upgrades in ‘a shifting and competitive’ market Having recently completed an upgrade of its freight brokerage solution, transport management solutions (TMS) provider 3G has built a war chest for new ventures. The company has secured $15m…

Commentary: The week FreightTech grew up

Commentary: The week FreightTech grew up Last week, three major FreightTech deals in rapid succession made it clear that the segment has entered a new phase of maturation and increased sophistication. This is a story not just about the abundance…

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Top gainers & losers of the day: Hotel, theatre stocks back in demand; selloff in IT

Top gainers & losers of the day: Hotel, theatre stocks back in demand; selloff in IT Shares of East India Hotels, Chalet Hotels and Indian Hotels were among the biggest gainers of the day. They rose 5-13 per cent on…

EKA announces real-time integration with KeepTruckin, Samsara

EKA announces real-time integration with KeepTruckin, Samsara EKA Solutions Inc, provider of cloud-based integrated freight management ecosystem for carriers, brokers, and shippers, announced on Monday real-time integration with global telematics platforms KeepTruckin and Samsara. Designed to tech-up carriers, brokers, and…

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Stock Futures Waver; Oil Prices Near Three-Year High

Stock Futures Waver; Oil Prices Near Three-Year High U.S. stock futures wobbled, bond yields rose and oil hit its highest level in nearly three years, as investors bet on further economic reopening but remained concerned about supply-chain disruptions. Źródło 27…

Hurricane Sam churns toward Caribbean, Bermuda with 130-mph-plus winds

Hurricane Sam churns toward Caribbean, Bermuda with 130-mph-plus winds Hurricane Sam continued inching across the tropical Atlantic over the weekend, gaining strength in the warm waters. By Sunday morning, Sam was a Category 4 hurricane with sustained wind topping out…

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Iván Nash Vila appointed as Swissport’s new CFO

Iván Nash Vila appointed as Swissport’s new CFO Iván Nash Vila (pictured above) has been appointed by Swissport as its new CFO, from 1 October, replacing Alexander Gradow, head of financial planning & analysis, who had been acting as interim…

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Gores Guggenheim, Kraton, Exxon, Carnival, PG&E: What to Watch When the Stock Market Opens Today

Gores Guggenheim, Kraton, Exxon, Carnival, PG&E: What to Watch When the Stock Market Opens Today Gores Guggenheim is near a merger deal; Oil producers are getting a boost from rising crude prices. Źródło 27 September 2021, 14:38

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Housing Affordability Concerns Rise to the Fore World-Wide

Housing Affordability Concerns Rise to the Fore World-Wide The record-setting rise in home values during the pandemic is triggering fresh debates about housing affordability world-wide, as policy makers search for ways to rein in price appreciation without driving prices sharply…

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Evergrande Worries Help Fuel Selloff at Chinese Developer Sunac

Evergrande Worries Help Fuel Selloff at Chinese Developer Sunac Investors sold down securities after a leaked document showed a Sunac China Holdings unit asking for government help to ease its liquidity difficulties. Źródło 27 September 2021, 14:12

Daily Infographic: Balancing Carrier Automation With the Human Element

Daily Infographic: Balancing Carrier Automation With the Human Element For additional insights related to sourcing capacity, download our recent white paper. Źródło 27 September 2021, 14:00

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Crazy Cryptos: Some surge 500% in 24 hrs, others lose entire value

Crazy Cryptos: Some surge 500% in 24 hrs, others lose entire value The top loser of the day, AquaGoat.Finance, priced at $0.000000000208, fell 96.65 per cent in the last 24 hours. Źródło 27 September 2021, 13:52

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China’s Electricity Curbs Risk Wider Damage This Time

China’s Electricity Curbs Risk Wider Damage This Time Beijing may eventually capitulate and take a step back on its emission control measures, but skyrocketing coal prices mean many Chinese power plants are operating at lower margins or even at a…

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Germany’s Election Gives Two Smaller Parties Outsize Influence

Germany’s Election Gives Two Smaller Parties Outsize Influence Germany’s political parties began what could be a monthslong bargaining process to form the next government, with two smaller parties in a position to decide who will succeed Angela Merkel as chancellor….

Pioneers of Eco-Friendly & Self-Sustainable Warehouse and Manufacturing

Pioneers of Eco-Friendly & Self-Sustainable Warehouse and Manufacturing Last year Simply Hammocks made over broke all records with a multi-million-pound turnover. Let’s talk about the positive change we’re pioneering. We’re proud to live in the world we do and do…

Law changed to help ease fuel supply chain issues

Law changed to help ease fuel supply chain issues The UK Government has made the supply chain temporarily exempt from the Competition Act 1998 which prohibits any business practice, agreement, or conduct which could have a damaging effect on competition…

Fate of California’s AB5 riding on 2 cases seeking Supreme Court review

Fate of California’s AB5 riding on 2 cases seeking Supreme Court review With the Supreme Court’s 2021-22 term about to kick off Oct. 4 — the first Monday in October, the long-standing start date for proceedings — California’s trucking industry…

Improving Efficiency In Your Warehouse: Our Top Tips

Improving Efficiency In Your Warehouse: Our Top Tips Over the past year, the logistics and supply chain markets have both been under pressure and had to adapt to many industry developments and challenges. Image by icondigital from Pixabay As a…

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Cryptocurrency Exchanges Curb Trading From China After Beijing’s Warning

Cryptocurrency Exchanges Curb Trading From China After Beijing’s Warning One of the world’s largest cryptocurrency exchanges said it would close all user accounts in mainland China by the end of the year, days after the country’s central bank declared all…

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Supply chain radar: A Down Under tale of two drivers – Amazon Flex, ‘gig vs company’ economy

Supply chain radar: A Down Under tale of two drivers – Amazon Flex, ‘gig vs company’ economy First things first: What should we make of Australia’s Transport Workers Union (TWU) ongoing campaign for fattening up already expensive Enterprise Bargaining Agreements (EBAs)…

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The Great Car-Chip Shortage Will Have Lasting Consequences

The Great Car-Chip Shortage Will Have Lasting Consequences Semiconductors have become a strategic component for car makers. First they will increase inventories, then some might design their own. Źródło 27 September 2021, 12:10

Two more last mile delivery stations for Amazon

Two more last mile delivery stations for Amazon Amazon is set to open two more last mile delivery station in the south east as it continues to snap up  warehousing across the UK to serve the ever increasing demand of…

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PM Modi launches Ayushman Bharat Digital Mission

PM Modi launches Ayushman Bharat Digital Mission Health ID for every citizen, digitally secure records on anvil Źródło 27 September 2021, 11:55

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iQOO launches iQOO Z5 smartphone in India

iQOO launches iQOO Z5 smartphone in India The device is powered by the Qualcomm Snapdragon 778G 5G mobile platform Źródło 27 September 2021, 11:51

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Commercial mining: Govt launches ‘2nd attempt’ of auction process for 11 coal mines

Commercial mining: Govt launches ‘2nd attempt’ of auction process for 11 coal mines These were the mines which were offered in the first attempt launched on March 25 this year and had fetched single bids Źródło 27 September 2021, 11:48

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ICICI Bank to offer instant OD to sellers registered on amazon.in

ICICI Bank to offer instant OD to sellers registered on amazon.in The facility leverages advanced data analytics Źródło 27 September 2021, 11:36

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Securitisation pool collections improve as restrictions ease: Crisil Ratings

Securitisation pool collections improve as restrictions ease: Crisil Ratings Collection ratios in mortgage-backed securitisation pools rebound to near 100 per cent Źródło 27 September 2021, 11:36

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After Early Investors Flee SPAC Deals, Day Traders Rush In

After Early Investors Flee SPAC Deals, Day Traders Rush In Large withdrawals in blank-check mergers are attracting day traders, sparking wild stock swings in the beaten-down sector. Źródło 27 September 2021, 11:33

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U.N. Members Seek New Cyber Discussions Amid Rising Ransomware Attacks

U.N. Members Seek New Cyber Discussions Amid Rising Ransomware Attacks The future of United Nations-led efforts to create rules around how nations should behave in cyberspace is unclear, researchers and experts say, even as countries respond to a growing number…

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Stock Futures Rise; Oil Prices Near Three-Year High

Stock Futures Rise; Oil Prices Near Three-Year High U.S. stock futures gained as fears about China Evergrande’s debt problems waned, while Brent crude was boosted by global supply constraints and a rally in natural gas prices. Źródło 27 September 2021,…

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How France Overcame Covid-19 Vaccine Hesitancy

How France Overcame Covid-19 Vaccine Hesitancy The French have long been wary of vaccines, but a mixture of mandates and inducements encouraged millions to get the shot as the Delta variant spread. Źródło 27 September 2021, 11:30

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U.S. Failed to Build a Sustainable Economy in Afghanistan

U.S. Failed to Build a Sustainable Economy in Afghanistan The U.S. spent $145 billion over two decades to help the country stand on its own, but the Taliban takeover and the withdrawal of foreign aid have left the Afghan economy…

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Tea volume sold at auctions declines to 5-month low

Tea volume sold at auctions declines to 5-month low The dip in volume is despite prices crashing to 1-month low levels Źródło 27 September 2021, 11:27

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Commodity Boom Is Too Much of a Good Thing for Many Traders

Commodity Boom Is Too Much of a Good Thing for Many Traders It has been a banner year for fossil-fuel, metals and agricultural markets. For many commodity traders, surging prices have caused a credit crunch that is reshaping the industry…