Page 4 - Logistics

Interglobe and UPS set up logistics firm offering B2B services in India

New company called Movin will be headquartered in Gurugram and it will first start services in Mumbai, Delhi NCR and Bengaluru.

Allcargo Logistics Q4 consolidated net profit jumps to Rs 247 crore

The company had posted a net profit of Rs 53.71 crore for the year-ago period, Allcargo Logistics said in a filing to BSE

APSEZ consolidated net profit declines 22% to Rs 1,033 crore in Q4

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according to a BSE filing

Delhivery jumps over 10% post tepid debut: Should you hold or sell shares?

Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.

Delhivery IPO fully subscribed despite challenging market conditions

The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times

Our expectation is that investors buy into our simple story: Delhivery ED

Delhivery's Executive Director Sandeep Barasia explains to Surajeet Das Gupta the reason the firm is launching its initial public offering (IPO), which opens on Wednesday

Logos to buy Shriram Properties 90 acre land in Kolkata for logistics park

Realty firm Shriram Properties Ltd on Monday said it plans to sell up to 90 acres of land in Kolkata to Logos for development of logistics and warehousing park.

Russian forces hit logistics terminal of foreign weapons near Odessa

Russia's forces have destroyed a logistics terminal at a military airfield near Ukraine's Odessa, where foreign weapons were stored, said the Russian Defence Ministry.

Turkey aims to be "logistics superpower" by 2053: President Erdogan

Turkish President Recep Tayyip Erdogan has said that Turkey aims to become a logistics superpower as part of the country's 2053 vision.

Suspected Chinese hackers collect intelligence from India's power grid

The hackers compromised an Indian national emergency response system and a subsidiary of a multinational logistics company

Milk prices to remain firm going forward, says Amul MD

Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday

David Leica of Logistic One Ltd. Accelerates The Technical Advancement Of Logistics

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Tesla, SpaceX facing significant inflationary pressure: Elon Musk

Tesla Inc CEO Elon Musk said on Sunday the US electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics

Gati-Shakti to improve infra efficiency, reduce logistics costs: PM Modi

"Even today, logistics cost is considered to be 13-14 per cent of India's gross domestic product, which is higher than other countries," Modi said.

Mahindra Logistics acquires last-mile delivery firm ZipZap for Rs 72 crore

Mahindra will acquire 60% in the Hyderabad-based firm through primary and secondary purchases in two phases

Logistics optimising platform MatchLog raises $3 mn in pre-series-A round

MatchLog claims it is India's first firm to offer at scale the ability to turnaround a container from import to export cycle, thereby eliminating empty runs to and from container yards

Industrial, warehousing leasing up 35% in 2021; new supply rises 64%: Study

Leasing of industrial and warehousing spaces across eight major cities went up by 35% during 2021 to 35.1 million square feet, driven by higher demand from third-party logistics and e-commerce players

Group Meeran invests Rs 4.5 cr in online logistics company ShipNext

ShipNext has launched 'WeTruck' and 'WeTruck Partner,' which claim to be India's first mobile applications for long-haul logistics customers and service providers

Maersk reports 43% growth in containerised rail export cargo in 2021

Global container logistics major Maersk India on Tuesday said it has posted 43 per cent growth in the movement of containerised export cargo on the rail in 2021. It has also launched 13 new weekly dedicated rail services during the period, the company added. These services were designed in such a way that different industrial verticals were to be connected to the port, and some of them were based on the 'assured transit' concept on the Dedicated Freight Corridors (DFC), Maersk India said. Besides delivering speed, the services also provided hinterland connectivity and predictability to customers' supply chains in the uncertainty of the disrupted logistics ecosystem, it said. Maersk witnessed 43 per cent growth in the movement of containerised export cargo on the rail in 2021 and 23 per cent growth on the rail for import and export combined, the company said. As Maersk started developing customised solutions for customers rather than offering them off-the-shelf options, deeper insi

Pickrr rolls out faster cash on delivery service for e-commerce sellers

With this option, the company aims to help sellers get money in their bank accounts within a day of a package's delivery