Logistics Sector

Delhivery says Ecom Express overlap won't complicate integration or growth

Logistics firm Delhivery expects margin accretion of ₹300 crore over two quarters post-deal

Irwin Anand named CEO of Nimbuspost to drive growth, tech innovation

Logistics tech platform and Xpressbees subsidiary Nimbuspost on Thursday said it has appointed Irwin Anand as its new Chief Executive Officer as part of the leadership transition at the company. Anand, who was till recently the Managing Director for India and APAC at global learning platform Udemy, will focus on accelerating product innovation, enhancing seller success, driving operational excellence, and leading Nimbuspost's strategic expansion into new and existing markets, the company said. In addition, he will spearhead initiatives to strengthen operational capabilities, enhance delivery and fulfilment service, and leverage emerging technologies such as AI, automation, and real-time tracking to further improve service reliability, speed, and efficiency, Nimbuspost said. "Irwin's strategic vision is closely aligned with the company's commitment to building exceptional seller experiences, strengthening technology and data capabilities, and scaling in a thoughtful, resilient, and

Industrial, logistics space leasing up 18% across 24 cities: Savills

Leasing of logistics and industrial spaces rose 18.5 per cent in January-March this year to 160 lakh square feet across 24 cities on better demand, according to Savills India. The leasing of industrial and logistics spaces stood at 135 lakh square feet in the year-ago period across 24 tier I-II-III cities. Real estate consultant Savills India data showed that Tier-I cities accounted for 79 per cent of the leasing activities, while Tier-II and Tier-III cities contributed 21 per cent. Tier- I cities include Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune. Tier- II and Tier-III cities include Guwahati, Bhubaneshwar, Patna, Hosur, Coimbatore, Rajpura, Lucknow, Jaipur, Nagpur, Surat, Indore, Kochi, Hubli, Vizag, Belgaum and Anantapur. Savills noted that manufacturing segment accounted for 30 per cent of the total absorption of industrial and logistics spaces in January-March 2025, followed by the 3PL (third-party logistics) players at 26 per cent, retail

Why are Delhivery shares outperforming despite market crash? Details here

The rise in the Delhivery share price came after the company announced on April 5 that it had signed a definitive agreement to acquire a controlling stake in Ecom Express for about ₹1,400 crore

Welspun One gets construction loan worth Rs 2.3K crore from Nabfid

The JNPA logistics park, spanning 55 acres, is Welspun One's largest logistics development in India

Delhivery to acquire rival Ecom Express for Rs 1,407 crore in all-cash deal

The acquisition will enable Delhivery to service customers of both companies better through investments in infrastructure, technology, network and people, according to the company's CEO

Delhivery to acquire logistics rival firm Ecom Express for ₹1,407 crore

Upon completion of the acquisition, Ecom Express will become a subsidiary of Delhivery. The transaction is expected to be completed in six months

Meesho's logistics arm Valmo handles 50% of orders, doubling from last year

In just one year, the company's logistics arm has expanded to approximately 15,000 pin codes, supported by 6,000 logistics partners and creating 85,000 jobs as of December 2024.

DMRC, Blue Dart to roll out freight services on Delhi Metro soon

DMRC said that Blue Dart will transport cargo via metro trains during non-peak hours, utilising available capacity to ensure faster and more reliable movement of time-sensitive shipments.

Delhivery share price falls over 6% after Q3 miss; time to buy or sell?

Delhivery share price: Delhivery share price was down today after analysts cut their earnings estimate on the stock, following a weak set of results for the December quarter

Velocity unveils Shipfast to enable faster commerce for D2C brands

Velocity said Shipfast has reimagined shipping workflows with its logistics partners to optimise for quicker deliveries

Buzzing stock: Aegis Logistics soars 14% in weak market on heavy volume

Aegis Logistics share price: Aegis Logistics share touched an intraday high of Rs 923.05 per share on the BSE and Rs 924.6 per share on the NSE

13 states, UTs among 'achievers' in DPIIT's logistics performance index

Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu and Delhi are among the 13 states and Union Territories that have been categorised as "achievers" in the logistics index chart 2024, according to a report released by the Commerce and Industry Ministry on Friday. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. In 2023 also, 13 states and UTs were in the achievers category. The other states and UTs in the "achievers" category are Chandigarh, Haryana, Telangana, Uttar Pradesh, Uttarakhand, Assam, and Arunachal Pradesh Andhra Pradesh, Goa, Bihar, Himachal Pradesh, Madhya Pradesh, Punjab, Rajasthan, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Dadra and Nagar Haveli and Daman and Diu, Jammu and Kashmir, Lakshadweep, Puducherry, have been categorised as "fast movers" in the report. Those in the "aspirers" category include Kerala, West Bengal, Chhattisgarh, Jharkhand, Andaman and Nicobar Islands, and Ladakh. The

Western Carriers India bags Rs 139 cr material handling order from Vedanta

Western Carriers India Ltd (WCIL), a Kolkata-based logistics firm, has secured a material handling order worth Rs 139 crore from Vedanta Ltd, the company said on Wednesday. The order entails an import, finished goods domestic and export material handling contract at Vedanta's Jharsuguda plant for a duration of four years, WCIL said in a statement. "The order strengthens our relationship with Vedanta. This order opens avenues for future projects within the mining and mineral sector," CEO of WCIL Kanishka Sethia said. As of March 31, 2024, WCIL reported sales of Rs 1,685 crore, a nearly 3 per cent increase from the previous year. The company's net profit stood at Rs 80.35 crore, translating to a 12-per cent on-year growth. In September, the company, founded in 1972, raised Rs 492 crore via its maiden IPO at a price of Rs 172 per share. At 3.16 pm, the stock was trading at Rs 122 per share on the NSE.

India, ADB ink $350 mn deal to boost logistics sector reforms & efficiency

The loan agreement, under the SMILE programme, is aimed at reforming logistics, reducing costs, boosting efficiency, promoting sustainability, and driving inclusive growth in supply chain

Multiples PE buys minority stake for $35 mn in logistics firm INSTANT-XP

NSTANT-XP, founded by brothers Rajbir Singh and Jasveer Singh, leverages proprietary technology to streamline services for customers, consignors, truckers, and drivers

Logistics cost in India to come down to 9% in next 2 years: Nitin Gadkari

Union minister Nitin Gadkari on Wednesday said the logistics cost in India will come down to 9 per cent within two years. Speaking during bauma Conexpo India, the Road Transport and Highways Minister said that "presently our logistics cost is 14-16 per cent... I assure you that within two years... our logistics cost will be 9 per cent. So we will be more competitive in the international market." In China, the logistics cost is 8 per cent and in the US and European countries it is 12 per cent, the minister said. The minister further said the automobile industry is one of the important industries that is giving maximum revenue as part of GST to the state governments and the Centre. The role of the automobile industry is very important to make India a USD 5 trillion economy, he said. The construction equipment, he said, is also part of this automobile industry. The government is developing infrastructure of international standards, he said, adding that water, power, transport and ..

After festive rush, truck rentals dip in November: Shriram Mobility report

Truck rental rates (round trips) on key trunk routes like Delhi-Chennai-Delhi and Delhi-Bengaluru-Delhi declined by 1.4 per cent

Shadowfax Tech swings to profit in FY24 with adjusted PAT at Rs 2 crore

Third-party logistics provider Shadowfax Technologies on Tuesday said it has recorded an adjusted PAT (profit after tax) of Rs 2 crore in FY24, against a loss of Rs 123.8 crore in the preceding fiscal. Adjusted PAT includes costs related to Employee Stock Ownership Plans (ESOPs). Revenue grew 33 per cent from Rs 1,415 crore in FY23 to Rs 1,885 crore in FY24, according to a company statement. The Bengaluru-headquartered firm said it has "significantly diversified" its revenue streams and a major contributions now come from value-added services (VAS). "These services include Prime solutions (same day and next day delivery), reverse logistics, hand-to-hand exchange, and the rapidly expanding quick commerce (10-minute delivery). Shadowfax holds a leadership position or controls upwards of 50 per cent market share in each of these services, establishing itself as one of the most diversified 3PL (third-party logistics) players in the market today," the statement said. It further said ..

Urban freight reforms key to cut emissions, boost logistics efficiency

Estimates by the National Council of Applied Economic Research show that India's logistics costs ranged from 7.8 to 8.9 per cent of gross domestic product in 2021-22