Page 3 - Logistics Industry

35 multi-modal logistics parks to come up in India, says Nitin Gadkari

Nitin Gadkari on Friday said around 35 multi-modal logistics parks, under the Bharatmala project, will come up in the country, and four are proposed in Maharashtra.

GoBOLT using tech to offer E2E logistics solutions as economy revives

The company, whose revenue grew to Rs 200 cr in FY21, has a current revenue run rate of Rs 22-25 cr a month; it aims to double that over next 12-18 months

SpiceJet's plan to hive off cargo business faces challenge from creditors

In its interim order, the Delhi HC has restrained SpiceJet from alienating the assets

SpiceJet gets shareholders' nod to transfer logistics biz to subsidiary

Besides, the shareholders have cleared the proposal to raise up to Rs 2,500 crore through the Qualified institutional placement (QIP) route.

SoftBank-backed logistics firm Delhivery plans $1 bn IPO filing in October

The company, backed by SoftBank Vision Fund and Carlyle Group Inc., is targeting a Mumbai listing before March next year, said the people with knowledge of the matter

Delhivery acquires Spoton, aims to lead B2B logistics market in India

Delhivery said it has acquired Bengaluru-based Spoton Logistics for an undisclosed sum, a move that will further strengthen its existing B2B capabilities

Govt unveils plans for freight smart cities to reduce logistics cost

Under the freight smart cities initiative, city-level logistics committees would be formed and they will have related government departments and agencies at the local and state levels.

SpiceJet, IndiGo ready for new war zone as cargo biz continues upward swing

Analysts remain sceptical on the profitability from freighter business

Amazon changes worker-productivity yardstick blamed for warehouse injuries

Company's decision to overhaul its productivity targets coincides news reports that the rate of injuries at Amazon warehouses is higher than its peers in logistics.

Global delivery management platform FarEye raises $100 mn in Series E round

The firm caters to a multibillion-dollar delivery management market that continues to show double-digit year-on-year growth

Gateway Distriparks fourth-quarter net jumps four-fold to Rs 46.60 crore

Total income rose 16.1 per cent to Rs 353.11 crore

IndiGo to acquire four A321ceo planes, convert them into freighter aircraft

The airline is expected to take the delivery of its first plane in the first half of 2022

Bajaj Electricals, Mahindra Logistics ink Rs 1,000 crore outsourcing deal

Involves end-to-end redesign of Bajaj Electricals' logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%

Blue Dart: Near-term margins to stay elevated, upside could be limited

Record Q3 performance helps sustain stock price which is up 146 per cent over the last six months

Logistics firm Rivigo's loss widens 6% to Rs 542 cr, revenue up 5%

The firm's total expenses for the fiscal rose 5 per cent to Rs 1,622 crore

GIC, Hong-Kong-based ESR form JV to invest $750 mn in Indian realty

Sovereign wealth fund GIC announced a joint venture with the Hong Kong-headquartered ESR Cayman to form a $750 mn joint venture which will develop and acquire industrial and logistics assets in India.

CDC invests Rs 400 crore in TVS Industrial and Logistics Parks

It is the first time that TVS ILP has raised institutional investment. CDC will become a significant minority shareholder in the business

Roca Parryware strengthens tie-up with TVS Supply Chain Solutions

Roca Parryware's operations are fairly complex' with eight factories, 12 warehouses, 2,000 customers, 5,000 SKUs, and 500-plus bathroom combos, the supply-chain challenges are extreme

How logistics tech became an unexpected gainer in the Covid economy

Start-ups in this space have made strides in modernising logistics with real-time tracking of cargo, algorithm-based route optimisation and big data in addresses

Deal talks between Embassy, logistic firms hit an impasse on valuation

Warburg Pincus has 70 per cent in the joint venture while Embassy has 30 per cent