Page 4 - Logistics Industry

Shapoorji's $1.2 bn deal with ADIA on hold over debt issues, coronavirus

The group had planned to launch a $1.2-billion venture with ADIA, wherein the partners were to raise the money in two tranches of $600 million each

CMS Info Systems acquires ATM business of Logicash Solutions in India

Apart from ATM and cash management, CMS does maintenance and card personalisation services

Recovery in freight volumes to help revival of logistics players

Exim rail volumes at 4.3 million tonnes have hit their highest levels since August last year

Etrio raises $3 million in series A to launch new EV product lines

The investment will fuel the company's foray into new electric vehicles in three wheelers and bicycle product lines

IL&FS Transportation reports Rs 17,000 cr loss in FY20 amid lockdown

During the last fiscal, the company saw a sharp decline in its standalone total income to Rs 786.24 crore, as against Rs 4,709.48 crore in the year-ago fiscal.

Streamline logistics of perishables further to boost farmers' returns: CII

Access to credit remains a challenge for food processors while tractor makers face liquidity crunch

Pandemic, lockdown to impact profitability of domestic logistics operators

Revenue seen declining by 6-8 per cent weak freight availability, fleet utilisation

Covid-19 impact: Biz environment gets tougher for ports, logistics firms

Already reeling under economic slowdown, companies grapple with demand shock

Dedicated rail freight corridors look to rope in Amazon, Flipkart

'A game-changer for parcel industry'; move expected to slash parcel delivery times drastically

Mavyn Logistics ties up with Grofers to provide end-to-end solutions

Mavyn does not own the trucks that it uses but works as an intermediary for facilitating logistics supply. It believes it is to logistics what Uber is to taxi hailing services

Retail boost for logistics, warehousing: Investment rises by $7 bn in 2 yrs

The largest of these is the $3-billion corpus set aside by the National Investment Infrastructure Fund to buy or sponsor a port and logistics-related projects in India through DP World (DPW)

West Bengal increased its infra spend five times in seven years: Amit Mitra

Minister claims 191% surge in warehousing, says a slew of new projects have put the state and Kolkata very prominently on the logistical map of the nation

India's logistics industry to be worth $215 bn by 2020-21: CARE Ratings

It is estimated that slashing logistics costs by 10 per cent could widen exports by five to eight per cent

Logistics industry to grow at 9-10% on back of economic recovery, says ICRA

Domestic logistics industry is likely to grow nine to 10 percent over the medium-term on the back of higher demand due to economic recovery with trend towards outsourcing of non-core activities like logistics, warehousing and associated activities to integrated players likely to drive the share of the organised segment.Rating agency ICRA in its note today said that implementation of the Goods and Services Tax (GST) will also support organised players as it would lead to consolidation of warehousing network, higher degree of tax compliance and creation of level playing field between Express and traditional transport services providers by virtue of access to input tax credit. An increasing shift is also seen from pure transportation business to becoming end-to-end service providers, facilitating the growth of the Third-Party Logistics (3PL) and Supply Chain Management (SCM) industries in India. "The domestic logisitics sector is currently in a transformation phase with game-changing ...