Page 2 - Transport

Logistics firm V-Trans India Ltd targets Rs 3,000 cr turnover by 2026

Logistics firm V-Trans (India) on Thursday said it is targeting a turnover of Rs 3,000 crore by 2026. The company also said it had outlined a comprehensive strategy focusing on surface transport and leveraging technology for sustainable profitability. As part of the growth plan, the company said it will prioritize growth in its core competence area, surface transport, while also expanding its multimodal logistics operations, including air and road combinations. In the full truckload (FTL) segment V-Trans aims to capitalise on the USD 120 billion market and look to capture a more significant share by enhancing its presence in this lucrative segment, it said. Also, with 30 per cent of overall revenue coming from northern India, V-Trans will make substantial investments in expanding branches, warehouses, and infrastructure in this region, the company said, adding that it plans further expansions by opening new branches in tier 3 and 4 tier cities of eastern and western UP, Uttarakhand

R K Singh meets transport sector to explore ways to utilise green hydrogen

Union Minister R K Singh on Thursday assured stakeholders that if required, additional funds will be allocated under the National Green Hydrogen Mission for the decarbonisation of the transport sector. Chairing a meeting of government and industry stakeholders from the transport sector in the national capital, he emphasised the government's commitment to energy transition and India's Nationally Determined Contributions (NDC) commitment to reduce emissions intensity. The minister said that, if necessary, the government would be ready to allocate additional funds beyond the already earmarked Rs 496 crore for the transport sector under the National Green Hydrogen Mission, according to an official statement. There should be a concerted series of trials for identifying the potential of green hydrogen in the transport sector so that a national roadmap for the decarbonisation of the sector through use of green hydrogen can be formulated, he said. The roadmap should include details of pilo

Adani Power appoints Dilip Jha as CFO with effect from April this year

The Adani Power board on Thursday approved the appointment of Dilip Kumar Jha as Chief Financial Officer from April 1, 2024. Shailesh Sawa will relinquish his position as Chief Financial Officer of the company, following his transition to a new role, which shall be effective from closure of the business hours on March 31, 2024, a BSE filing stated. Jha, presently serving as Head (Finance & Accounts) within Adani Portfolio of Companies, will assume the role of Chief Financial Officer (a Key Managerial Personnel, categorised as Senior Management Personnel), commencing from April 1, 2024, it stated. Sawa was appointed as Chief Financial Officer (CFO) in July 2020. Sawa will transition from his position to a new role in Group Regulatory Engagement for Adani's portfolio of companies. This transition is part of a leadership capability development initiative being undertaken across the Adani portfolio of companies in furtherance of a long-term vision to enhance employee engagement, build

Volvo Bus India bags order for 122 premium coaches from Odisha govt

Volvo Bus India on Thursday said it has bagged an order for the supply of 122 premium luxury coaches from the Odisha government. The order comes under the Location Accessible Multi-modal Initiative (LAccMI) Scheme, a flagship programme initiated by the state government to provide rural connectivity through Odisha State Road Transport Corporation (OSRTC). "We are honoured to be selected as the preferred partner for this landmark initiative by OSRTC and the Government of Odisha," VE Commercial Vehicles MD and CEO Vinod Aggarwal said in a statement. OSRTC MD Diptesh Kumar Pattnayak said the collaboration for the deployment of premium buses is a testament to the shared vision of creating a modern, efficient, and sustainable public transportation network. "This will have a long-lasting impact on government initiatives that aim to transform transportation infrastructure and contribute to the socio-economic development in rural and urban areas," he added. Over the past 25 years, Volvo Bu

Russian plane crashes near Ukraine with 65 Kyiv prisoners of war on board

A Russian military transport plane carrying 65 Ukrainian prisoners of war, six crew and three people accompanying them crashed on Wednesday morning in Russia's Belgorod region near Ukraine, Russia's Defense Ministry said. It wasn't immediately clear what caused the crash, which occurred around 11 a.m. It was also not known if anyone survived. The authorities were investigating the cause of the crash, and a special military commission was on the way to the crash site, the Defense Ministry said. Earlier Wednesday, Ukrainian President Volodymyr Zelenskyy said a major Russian missile attack that apparently was devised to overwhelm Ukraine's air defenses had killed 18 people and injured 130. Ukraine is marking the 700th day since the full-scale invasion by Kremlin's forces started. The barrage employing more than 40 ballistic, cruise, anti-aircraft and guided missiles early Tuesday hit 130 residential buildings in three Ukrainian cities, all ordinary houses, Zelenskyy said on X, formerl

DTC partners with travel app Tummoc to introduce 'single-journey ticket'

The Delhi Transport Corporation (DTC) has partnered with a travel app for ensuring that commuters in the national capital do not have to visit multiple sites to book bus tickets and cabs by bringing different modes of transport on one platform. The trial for the government's "single-journey ticket" project has commenced and will last for seven days, officials said. "We have started a trial run for the project. DTC has partnered with Tummoc, a travel app, for this. We are introducing digital DTC passes and all-in-ticket. The trial run will go for seven days so that the users can give their feedback. We will also get to know about the technical glitches if there are any and will improve them before we launch it formally," a transport department official said. Delhi Transport minister Kailash Gahlot told PTI that the single-journey ticket will save users the time and energy while booking autos and cabs. "We have tied up with Tummoc to launch single-journey ticket. Under this, the same

32% vehicles in Kerala currently uninsured, says Transport deptartment

Thirty-two per cent of vehicles in Kerala are currently uninsured, posing a threat to several lives, state Transport Commissioner, S Sreejith has said. Sreejith said the Motor Vehicle Department was making all-out efforts to achieve complete insurance coverage for all vehicles. Sreejith made this statement during a recent Women's Motorcycle Rally as part of the IRDAI mandated insurance awareness drive launched by general insurer Magma HDI at Thiruvananthapuram. "Putting several lives at huge risk, 32 per cent of the vehicles on the Kerala roads are currently uninsured. In a bid to address this alarming statistic, the Motor Vehicle Department is on an all-out effort to achieve complete insurance coverage for all vehicles," Sreejith was quoted in a release. Emphasizing the importance of insurance, he said apart from vehicles, people should also be aware of its need for themselves and their assets as well. Magma HDI, in the release said that low insurance awareness has been cited as

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Delhi govt plans WhatsApp-based bus ticketing system on metro routes

The Delhi government is planning to launch a WhatsApp-based bus ticketing system in the national capital on the lines of the Delhi Metro, officials said. They said the Transport Department of the city government is working on rolling out the digital ticketing system for DTC and cluster buses. The Delhi Metro Rail Corporation (DMRC) already has a WhatsApp-based ticketing system in place. The service was launched in May this year and subsequently extended to all corridors of the rapid transit system, including the Gurugram Rapid Metro. There will be a cap on the number of tickets a user can generate. For purchasing Delhi Metro tickets, passengers have to send a message with the text Hi' to +91 9650855800 on WhatsApp or scan the provided QR code to effortlessly purchase metro tickets using their smartphones across the whole network. Ticket cancellations are not allowed in WhatsApp ticketing. A marginal convenience fee is applied to transactions made via credit or debit card, while no

Bike-taxi service provider Rapido drives cabs into Uber, Ola lane

Bike-taxi service provider launches new segment with subscription model for driver partners

Road accidents in India at decade low, but number of fatalities up

70% accidents caused by over-speeding; two-wheeler riders, pedestrians among most vulnerable

FMCG supply chain gridlock: Demand declines and inventory adds up

The situation remains the same even in central India as inventory days have gone up to 20 days which was lower earlier

UP govt to install CCTV, panic buttons in buses and cabs to ensure safety

A total of 21,155 buses, Ola and Uber have been identified to install panic buttons along with CCTV cameras to strengthen the safety of women and elderly people

Namo Bharat ridership to cross 10,000-mark on inaugural day: NCRTC

Services on a priority section of India's first Regional Rapid Transit System (RRTS) corridor began on Saturday and the ridership is expected to cross the 10,000-mark on day one, a senior official of the NCRTC said. The much-anticipated commencement of commercial operations on the 17-km section of the Delhi-Ghaziabad-Meerut RRTS corridor began amid excitement among passengers. The inaugural 'Namo Bharat' train journey kicked off at 6 am, and the services received an "overwhelming response" from commuters, some of whom had arrived as early as 4.30 am, eager to be a part of this historic journey, even from nearby areas like Muradnagar and from far-off areas in Delhi and Uttar Pradesh, a senior official of the NCRTC said. Vinay Kumar Singh, Managing Director of National Capital Region Transport Corporation (NCRTC) also took a ride on the inaugural day of the 'Namo Bharat' train services. He welcomed the first set of passengers of India's first 'Namo Bharat' train in the morning, and a

Kejriwal clears regulation and licensing of transport aggregators scheme

Delhi Chief Minister Arvind Kejriwal has approved a scheme for the regulation and licensing of aggregators providing passenger transport services and delivery service providers in the national capital. The scheme also paves the way for bike taxis and mandates that the aggregators should on-board electric two-wheelers for passenger services. The file pertaining to the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023 has now been submitted to the lieutenant governor's office, according to an official statement. Kejriwal said, "Today, I have given my approval to the historic Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme. It marks a significant milestone in Delhi's fight against pollution. With this, Delhi has become the first state/UT in India, and among very few cities globally, to mandate a time-bound transition of commercial vehicle fleets of aggregators, delivery service providers and e-commerce entities to zero-emission electric ...

Siemens looks at setting up a hub for urban transport solutions in India

India is one of the fastest-growing market in terms of adding incremental revenue

Govt plans to set standards for construction of bus bodies: Gadkari

Union Minister Nitin Gadkari on Friday said the government is considering setting standards for the construction of bus bodies, which will be uniformly applicable to both original equipment manufacturers (OEMs) and bus body builders. This step will pave the way for further improvements in the quality of buses in India with a primary focus on ensuring passenger safety during contingency, the road transport and highways minister said in a tweet. Gadkari emphasised that in the wake of the rising number of bus accidents, there is a pressing need to enhance the quality of bus body construction in Bharat. He said the draft notification for these standards is being published by the ministry to solicit suggestions. Gadkari expressed hope that all stakeholders will support this initiative to ensure the safety of all bus occupants.

GreenLine will invest Rs 200 cr for deploying LNG trucks for Hindustan Zinc

Hindustan Zinc Ltd has signed a deal to deploy GreenLine Mobility Solution Ltd's LNG-powered fleet in its supply chain and transportation operations, India's first and the only LNG-fuelled heavy trucking logistics company said on Wednesday. In a statement, GreenLine said it will invest Rs 200 crore for deploying LNG-powered trucks for Hindustan Zinc's road logistics. "Hindustan Zinc, India's largest and only integrated producer of zinc, lead and silver, has chosen GreenLine Mobility Solutions Ltd (GreenLine), a part of Essar Group and a pioneer in green mobility solutions, as its sustainable logistics partner and is set to deploy GreenLine's LNG-powered fleet in its supply chain and transportation operations," it said. LNG-powered vehicles significantly reduce emissions compared to diesel and align perfectly with the sustainability goals of both organizations. This initiative will not only reduce the carbon footprint associated with transportation but also set new industry standards

Odisha to launch over Rs 3,000 cr scheme for public, commodity transport

The Odisha government has approved a proposal to launch a scheme with an estimated cost of over Rs 3,000 crore to ensure sustainable, affordable and safe transportation of passengers and commodities across the state, a minister said. The roll-out of the Location Accessible Multi-modal Initiative was among 19 proposals, which were given go ahead at a cabinet meeting chaired by Chief Minister Naveen Patnaik on Friday. Under the new scheme, the government will be able to ensure a seamless public transport network across Odisha from the gram panchayat level to the state capital to provide reliable and affordable services, state Education Minister Atanu S Nayak said. Within the framework of the scheme, women's empowerment stands as the top priority. Due to safe transport space, women would be encouraged to participate actively in the workforce. Mission Shakti Self Help Groups (SHGs) will be engaged in various operation and maintenance-related activities within the blocks, the minister ..

IT companies shrug off transport strike in Bengaluru with work from home

An estimated nine lakh private commercial vehicles, including auto-rickshaws, corporate vehicles, airport taxis, maxi cabs, and buses, stayed off the roads on Monday