Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Majority of cargo movement --an indicator of economic activity -- happens on roads in India. And with truck transportation being a highly unorganised sector, there is lack of transparency on the freight rates.
To bridge this gap, Rivigo, a technology-enabled logistics company which owns 3,000 trucks on Thursday launched the National Freight Index (NFI) based on the study of truck rentals in last three years.
The free of charge freight index shows the truck rentals of 1,500 origin and destination locations (a minimum of 250 km) and 30 types of trucks, Gazal Kalra, co-founder, Rivigo told BusinessLine.
Of these, goods movement of around 1,000 locations, account for 70 per cent of cargo movement.
This data, which was earlier available to users of Rivigo app, can now be accessed by all. The index shows two kinds of data – actual freight rates condensed to Rs per tonne-km, and the change with respect to a base month.
Both the index and the exchange are based on Rivigo’s machine learning and economics powered pricing algorithms, which are continuously improving on accuracy.
The rates on the exchange and index are computed using millions of data points from historical transactions, current market dynamics, micro market insights and other factors to give a fair and precise representation of the state of the spot market in the country, said the company release.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Forget the tuna. The island nation will keep you full and happy with coconut, koftas and jasmine
This year, on Facebook, I saw that someone had posted a list of EASY RESOLUTIONS. I didn’t copy them down but ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor