The Goods and Service Tax (GST) is rolled out on 1 July, 2016 (in few countries it is also known and Value Added Tax) and definitely this will create a positive as well as negative impact on various sectors. Sectors like Textiles, Auto, Engineering, Capital goods, Power Equipment, Pharmaceutical, Real Estate, Logistics and Transportation are going to have positive impact whereas service sectors like Airlines, Insurance, Telecom are going to have negative impact from the higher service tax rate of 18% v/s 15% currently.

It’s a well-known fact that the logistics industry impacts a very large segment of business worldwide with an estimated market size of more than four trillion. Logistics is a key growth parameter for most industries and sectors including e-commerce and manufacturing. Due to poor road conditions and long waits on tolls, Indian trucks travel only 20 days a month as compared to 25 days in developing countries. According to a survey, the average speed of trucks is 20kph. So, a truck in India can cover only 250-300km a day compared to 700-800km in developed countries such as the US and Europe. 

As you may be aware, the Goods and Services Tax (GST) is proposed to replace all indirect taxes like Service tax, Excise, etc expected starting 1st July, 2017. Introduction of GST would contribute significantly towards indirect tax reforms in India through Uniform indirect taxation system in India.

MONSOON- It's a season for which we actually wait after the longest and hottest summer season. Everyone wants to enjoy monsoon as all are frustrated with hot and humid summers. This year it is expected to hit during the first week of June. According to India Meteorological Department's (IMD) forecast, "monthly rainfall across the country is likely to be 96% of its long-term average during July, and 99% of the average during August." So this year there is a 65% probability that rains will be normal to excess for the entire country.

Transportation sector in India contributes to almost 90 percent of the country's passenger traffic and 65 percent of the freight. This is the most unorganized sector but also the most important, as our economy is based on it. In this sector, the major role is played by the truck drivers, they are the one because of whom the economy is working smoothly. But does anyone have thought of major challenges which are faced by them in their daily lives?

Many companies do not realize that they can scale their businesses and improve their margins by employing concepts like Total Cost of Ownership (TCO) and Total Value of Ownership (TVO) in their transport operations.

Logistics and Transportation sector in India is facing major challenges due to bad road conditions, traffic, highway robberies, etc., which results in delay of consignment and further affecting the economy. To overcome this challenges government is taking major initiative, they are taking steps to improve the freight transportation in India.

Capt. Uday Palsule is a renowned name in the Logistics Industry and he is a successful entrepreneur who has joined as an advisor to FreightBazaar.com, India’s first Integrated and the most trusted online platform for Inter-city Freight Transport.

An event is organized by TechSci Events on Air Quality Control and Monitoring Summit on 5th and 6th May in New Delhi. This is a 2 day interactive session that will create a robust understanding of the Air Quality in India, the reasons why the Air Quality is deteriorating in India and also suggest measures to monitor and control it. It will also help us in equipping with the latest technicalities and innovations involved in monitoring and controlling Air Pollution.

Transportation performance is invariably linked to company’s ability to stay competitive in the market. Factors such as vendor reliability, timely deliveries, standardization of hiring processes affect company’s production and inventory cost and customer satisfaction. To strengthen the transportation function, companies should start setting organization goal on basis of TCO (Total Cost of Ownership). And, they should use technology based systems and processes. By adopting this approach, companies will start to see reduction in total cost while increase in sales and reputational enhancements.

Transportation sector is the backbone of the Indian economy. Road transport is the most preferred mode for moving freight. However, as the total number of registered commercial vehicles on Indian roads are increasing, so are air pollution and number of road accidents. FreightBazaar and DFAG (Domain and Functional Advisory Group) have joined hands to promote awareness about transport emissions and trucking safety while bringing innovative dimensions in the transportation industry.

The interview titled "Measures of Sophistication for B2B Inter-City Freight" was conducted by Cargo Connect Magazine - one of the India's leading magazine that aims in providing logistics industry news and known for its consistent high quality editorial and production.

Another milestone crossed by FreightBazaar. We proved ourselves as one of the top innovators at SME (Small Enterprise Magazine) Business Awards. Last year, FreightBazaar was recognized as one of the disruptive startups at TiE Detroit - USA. Also, as one of the top innovators in India at India Innovation Initiative Summit in Delhi.

FreightBazaar's innovation was profiled in the recent edition of Small Enterprise Magazine. Read about the FreightBazaar startup journey, its ambition and its recent nomination for the Small Enterprise Business Awards.

At FreightBazaar, we always try to find innovative ways to help our supplier partners so that they can benefit from use of technology and manage their business more effectively.

We at FreightBazaar believe in continuous innovations and bringing positive change in the B2B freight transportation. Our efforts were recognized at TiEcon 2016 Summit in Detroit, Michigan, USA.

Are you facing problems in getting reliable truck suppliers to ship your material from one city to another? Don't worry, FreightBazaar has a unique as well as simple way to help you and provide you best services, as we are India's most reliable and cost-effective inter-city FTL solution provider.

India Innovation Initiative (i3) recognises FreightBazaar as one of the top Innovators

Hanumanta Rao joins FreightBazaar as president of sales and operations. He served as vice president of TCI - Freight Division

Darwin’s “Survival of the Fittest” has a whole new meaning in this digital age we live in, and if you are an SME looking to gain from the boom in online eCommerce, fitness lies in improving logistics and that means survival in an age where sky is the limit.

Trucking is the foundation for movement of material that we need in our daily lives. Then, why not look at improving the truck hiring processes and bring positive change in the overall quality of experience for those associated with the trucking related operations? Let us hope that the coming transformation of the Indian Trucking Industry will significantly improve the lives of those involved. After all, industry with a manpower of around 10 Million (1 Crore) people should aspire to a better decade!