Page 5 - Logistics Industry

Allcargo Logistics Q1 PAT rises over two-fold to Rs 280 cr; revenue up 65%

The company had posted a PAT of Rs 106 crore in the first quarter of the previous fiscal, Allcargo said in a release on Thursday.

Blue Dart Express profit rises over three-fold to Rs 119 cr in April-June

Logistics service provider Blue Dart Express on Wednesday reported more than three-fold jump in consolidated profit after tax at Rs 118.79 crore in April-June 2022 quarter over the same period

Ecom Express to onboard over 50,000 delivery partners by September

Logistics services provider Ecom Express on Monday announced that it will onboard over 50,000 delivery partners by September-end under its flagship programme 'Ecom Sanjeev'. The company said it is expecting a spike in e-commerce order deliveries during the festival season and seeks to further strengthen its last-mile capabilities. Under the 'Ecom Sanjeev' programme launched last year, the company has created opportunities for delivery partners such as students, homemakers, freelancers and part-timers, among others, Ecom Express said. "When it comes to e-commerce order deliveries, customers expect timely service. In times when the number of parcels is continuously increasing, owing to industry growth, we have clearly seen the advantage of having gig workers to help strengthen our delivery capabilities, especially to meet the anticipated surge in customer demand during the festive season," said Ashish Sikka, Chief Strategy Officer, Ecom Express. The company, he said, will continue to

ONDC to give public access by August, has 150 entities on board yet

Seven companies - one buyer side app, five seller side apps, and one logistics service provider app - have built their own ONDC compatible apps

Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru

Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023

Uber's package delivery service drives rapid growth for small businesses

Uber Connect is helping deliver packages across 23 cities. Total deliveries over the past two years have covered a distance enough to circumnavigate the earth 1,100 times

BlackBuck bounces back from Covid, reimagines its trucking business model

The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023

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.

eShipz unlocks digital potential with its one-of-a-kind logistics solutions

.

What is telematics? What are its advantages?

Like aeroplanes, vehicles too have their own version of 'black box' which monitors driving habits, vehicle usage and distances covered. They are called telematics. Find out more about it here

Budget 2022: Icra expects enhanced support for waterways, logistics sectors

An increased budgetary support from the government for flagship projects including Sagarmala and inland waterways will provide a boost to the execution pace and investments, Icra said

B2B logistics startup Pidge raises $1 mn from Indian Angel Network

The fresh capital would also help the firm invest in building its tech-capabilities

Logistics services provider Rivigo names Rohan Mittal CFO effective Nov 15

Mittal brings 15 years of core logistics and infra experience in M&A, digital and business transformation and P&L leadership; was earlier with Gati and AllCargo

Useful LEADS report on logistics in states

The report is based on 17 criteria based on perceptions of the stakeholders and four criteria based on objective data

Nagpur has potential to emerge as logistics capital, says Nitin Gadkari

Gadkari signed a MoU between the National Highways Authority and JNPT to set up a multi-modal logistics park and said that the city of Nagpur has the potential of becoming a logistics capital.

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