Page 6 - Logistics

SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore

It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money

Blue Dart Express posts Rs 31 crore net profit for June quarter

However, the company had posted a consolidated net loss of Rs 125.84 crore in the year-ago period, Blue Dart Express said in a filing to the BSE.

Lodha sells 22-acre land parcel in Palava industrial park to Japanese firm

Palava Industrial and Logistics Park has now emerged as the preferred partner for companies looking for warehousing and industrial space solutions in Mumbai

AI-based logistics firm Shyplite launches Shypmax supply chain solution

Shypmax is now live for deliveries to 40+ countries and will be covering delivery to 220 countries progressively

Covid-19 impact: E-commerce drives demand for warehousing in H1

Embassy Industrial Parks (EIP), Stellar Supply Chain Solutions, and TVS Industrial & Logistics Parks, among others, have seen a growth of anything between 30 per cent and 100 per cent in H1CY21.

Amazon may lose its logistics business under US antitrust legislation

Democrat Pramila Jayapal proposes company be barred from luring sellers to use its logistics services in exchange for preferential treatment on it web store.

Alibaba Group to develop self-driving trucks with logistics unit Cainiao

Chinese e-commerce leader Alibaba Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday

Outsourcing service provider BLS to help Amazon expand India footprint

The company provides outsourcing services to governments and diplomatic missions globally

Delhivery raises $275 million funding, valuation rises to over $3 billion

Delhivery on Monday said it has raised USD 275 million in a primary funding round, led by Fidelity Management and Research Company

Can tech solve the mass vaccination drive that India needs to adopt?

Though large logistics firms are working with the govt for vaccine delivery, for last-mile connectivity especially in the hinterlands, tech might come in handy

Logistics Data Bank Services extended to 9 major SEZs across India

Major SEZs include Visakhapatnam, SEEPZ Mumbai, Surat, MEPZ Chennai, Cochin, Kandla, Noida, Mangalore and Dahez SEZ

Cold chain logistics likely to grow at over 20% CAGR by 2025: JLL

India's cold chain sector is expected to grow at over 20 per cent CAGR by 2025, according to JLL, due to its transformation from conventional cold storage to modern storage space.

Amid Covid-19 second wave, Centre may not weigh in on 'essential' debate

Will let states define what kind of e-com deliveries will be allowed

Arzooo launches in-house logistics service Arzooo Express

Retail-tech startup Arzooo said it had launched an in-house logistics service that would manage the first-mile service to last-mile delivery of goods for its partner stores across the country

PM Narendra Modi to soon unveil masterplan on multimodal connectivity

The bigger idea is to cut logistics cost, travel time and enhance competitiveness of domestic manufacturing

NHAI sets up a logistics subsidiary, shifts 9 SPVs to new entity

NHAI has rechristened Cochin Port Road Private Ltd as National Highways Logistics Management Company to oversee multimodal logistics parks and port connectivity projects

India Ratings gives logistics stable outlook in FY22, sees demand growing

Agency estimates 8 per cent year-on-year improvement in volumes for Indian ports in FY22.

Need of the hour is to reduce logistics cost: Commerce Minister Goyal

India cannot be competitive if this cost remains high, Goyal said

Edtech, logistics and gig-economy to drive jobs as startups step up hiring

Freshers hiring likely to double as compared to last year

Gati-KWE to process cargo loads of 100 trucks a day at new Delhi facility

The proposed facility is designed to process cargo loads of almost 100 trucks a day