State-owned rail operator Container Corp. of India reported its net profit in the third fiscal quarter, which ended Dec. 31, 2013, was $40 million, rising 5.4 percent year-over-year from $38 million.
Asia
20 Dec 2013
Improving transit times and favorable rates give air and ocean shippers another option China-to-Europe transportation options for automotive and high-value electronics shippers are much like that famous fairly tale about a blond-headed upstart and three bears. Ocean shipping is and was the slowest and cheapest mode, with a transit time of about 30 days but at roughly a tenth the price of air cargo delivery. And air cargo offers much faster delivery, but the expediency comes with far steeper prices that many supply chain managers would like to shake.
18 Dec 2013
China over the last decade has become the world-beater in infrastructure investment, spending hundreds of billions of dollars on highways, seaports, high-speed railways and airports. Chinese investment in the movement of containers via rail, though, has been a slow train coming.
20 Nov 2013
As the frequency of Asia-Europe rail services increases costs will gradually fall, encouraging more shippers to turn to intermodal options to avoid the high cost of air freight and the slow steaming transit times available from lines, one leading logistics executive believes.
29 Oct 2013
Container Corp. of India reported its net income in the second fiscal quarter, which ended Sept. 30, was $40 million, climbing 5 percent from $38 million in the year-ago period.
07 Oct 2013
Indian Railways, which implemented a 15.0 percent “busy season” surcharge on Oct. 1 on all bulk commodities, is again revising its freight tariff.
01 Oct 2013
Indian Railways has announced a 15 percent hike in its freight charges for all bulk commodities, effective Oct. 1, as part of a “busy season tariff adjustment.”
18 Aug 2013
Indian Railways reported revenue-earning freight traffic in July totaled 86.21 million metric tons, up 4.9 percent or 4.0 million metric tons from 82.21 million metric tons in the same month in 2012.
05 Aug 2013
The first freight train from Zhengzhou, China, to Europe has arrived at the freight yard in Hamburg-Billwerder, Germany, carrying 51 containers.
01 Aug 2013
DB Schenker will launch a new China-to-Germany intermodal pilot service on Aug. 14 in conjunction with partners in China, adding to the growing number of rail options available to shippers seeking faster delivery times to Europe from China than currently possible using slow-steaming ocean liner services.
30 Jul 2013
State-owned Container Corp. of India reported its net income in the first fiscal quarter, which ended June 30, was $41.65 million, inching up 0.5 percent from $41.43 million in the same period a year ago.
22 Jul 2013
Etihad Rail has signed a memorandum of understanding with Dubai Industrial City for the development of a rail terminal within the United Arab Emirates city.
