Page 5 - Logistics Sector

Logistics service startup Pidge eyes expanding footprints beyond Delhi-NCR

The company claims to have completed 200,000 deliveries so far, as per a release

IFC to invest $75 mn in Indospace Logistics to develop industrial parks

The funding will provide Indospace with long-term finance against the backdrop of the Covid-19 pandemic to continue investing and developing select projects

Zipaworld to onboard 150 vendors in FY21 as it looks to scale up operations

Logistics e-mall services start-up Zipaworld plans to onboard about 150 vendors, including 40-45 from the overseas markets, by the end of ongoing fiscal as it looks to scale up its operations

DPIIT to seek govt nod for multi-modal logistics hub, industrial corridors

According to the note of the Department for Promotion of Industry and Internal Trade (DPIIT), these projects are at different stages of implementation

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

Robinsons Global sets up warehousing facility in Thane for Rs 6.5 cr

This is the first such warehouse of the four such facilities Robinson Global Logistics Solutions (RGL) plans to set up by the first quarter of 2021 in the country, the company said in a release

Icra revises outlook on logistics sector to 'negative' from 'stable'

With gradual easing of lockdown curbs, E-way bill generation has revived to about 70%, while railway and seaway freight volumes have revived to 85-90% of pre-Covid levels in June

Domestic road transport sector likely to contract by 18-20% in FY21: Icra

40-day nationwide lockdown aggravated the prevailing softness in the Indian economic activity

In a push to logistics sector, Centre working on draft legislation

The efficiency in logistics comes from end-to-end services, and hence the document will not just focus on multi-modal transport

Pare cost by 5%, go digital in documentation, Logistics Secy urges sector

Says nearly 30% of documents pertaining to seaport movement are redundant and one third are filed more than once

Blue Dart: Muted volumes, revenues amid high costs to weigh on margins

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

Flipkart, cab operator Meru join hands to deliver essential products

Meru to deliver essential goods to Flipkart customers in Ozone sanitized cabs across Delhi NCR, Bengaluru and Hyderabad

Coronavirus spread to weigh on domestic ports and logistics sectors

At present, sectors like warehousing, trucking, and last-mile delivery, are facing several challenges. Labour shortage has turned out to be the biggest one, across segments.

Logistics SaaS startup Fareye raises $25 million from M12 Ventures, others

The platform enables enterprises to orchestrate, track, and optimize their logistics operations

Idling trucks, staff shortage: Bottlenecks for industries amid lockdown

Close to 3.5 million trucks (along with their drivers and assistants) are off the road - some because of manpower shortage, and some because they are stuck in various parts of the country.

Coronavirus impact: Logistics firms face hurdles in transporting cargo

The most impacted have been truck drivers, who have had to bear the ire of the authorities and face stigma in their villages.

IIM-A incubation centre leads Rs 3.7 crore funding for robotics logistics

According to founders Pramod Ghadge and Shahid Memon, this new-generation sorting solution can be installed within two weeks

Logistics leasing activity up 30% in 2019, 19 mn sqft space added

Industrial and logistics sector witnessed investments of more than $200 million in 2019, a study conducted by CBRE titled 'India Industrial and Logistics Market View, H2 2019' said.

Alibaba backs logistics startup XpressBees again, plans to invest $10 mn

XpressBees is allotting 9,317 Series D1 compulsorily convertible preference shares at a price equivalent to $1,073.306 each, to Alibaba

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)