Page 10 - Logistics Sector

Sixth Sense Ventures leads Rs 76 cr investment in logistics start-up Prozo

The funds will be used to expand Prozo's warehousing and fulfilment footprint, client base, and technology and analytics capability, the statement said

Cutting logistics cost by 6% major challenge: Union minister Nitin Gadkari

Nitin Gadkari said that speed limit for vehicles on expressways would soon be increased to cut the fuel costs, and thereby the logistics cost.

TCI reports 94% jump in standalone PAT to Rs 78 crore in Dec quarter

The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year

Shiprocket acquires B2B logistics aggregator Rocketbox

The Rocketbox founders will join the Shiprocket leadership team, and continue to build the cargo product as part of this deal, a statement said

Yojee teams up with Here Tech to create operations intelligence solution

Cloud-based logistics platform Yojee has teamed up with Here Technologies to create a unique operations intelligence solution to transform warehouse management for global companies

Allcargo group firm Gati Ltd looks to become Rs 3,000-cr company in 3 years

It has identified three areas, including talent acquisition and building infrastructure, to achieve the target

IndoSpace commits Rs 1,000 cr for JV to build real estate, logistics parks

The partneship will focus on smaller markets such as Pune, Mumbai, Delhi-NCR, and Bengaluru.

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

Logistics cos say fully geared to meet challenges during festival demand

The new-age logistics companies expect multi-fold growth in shipments and are fully geared to meet the challenge with measures such as capacity expansion and additional hiring

Ikea expects shortages due to supply-chain crisis until mid-2022

Shortages of transport containers and blocked-up ports have snarled logistics for retailers around the world

Nitin Gadkari emphasises on reducing logistics costs below 10%

The road transport and highways minister said it has been planned to construct 25,000 km of national highways within the next two years.

Outlook for Indian road logistics sector remains stable: ICRA

Improved economic activities in second quarter of the ongoing fiscal year will spur growth momentum for the road logistics sector in the second half of the year

DHL Express, Blue Dart raise annual shipment prices for 2022

Upward price revision to be effective January 1, 2022

DTDC starts vaccine delivery with hi-tech temperature control system

The logistics firm has the means to manage a temperature range of -80 degrees to +25 degrees celsius, backed by speedy and effective transportation across India

Startup Wiz Freight gets $3.5 mn in seed funding from Axilor, others

Digital freight management platform Wiz Freight has raised USD 3.5 million (about Rs 26 crore) in seed funding led by Axilor.

Allcargo Logistics arm forms JV with Swedish firm to expand in Europe

Acquires 65% stake in JV to become market leader in Nordic region, continue its focus on offering multi-modal digital logistics services

ESR inks MoU with TN govt to invest Rs 550 cr to build industrial parks

Industrial and logistics real estate platform ESR India said it has signed an agreement with Tamil Nadu government to develop two industrial parks with an estimated investment of Rs 550 crore

Telangana Cabinet approves logistics policy for state to boost e-commerce

In efforts to encourage logistics sector in the backdrop of industries, e-commerce and services sector, Telangana Cabinet has approved the Telangana Logistics Policy

Domestic cold chain biz struggles to keep up volumes to recover investment

Compared to similar geographies, like Thailand, Malaysia and China, Indian players make just about 1-2 per cent PAT as against 10-15 per cent PAT in these countries

Logistics sector poised for growth, but buy stocks selectively: Analysts

Analysts see the logistics sector as a big beneficiary of the 're-opening of the economy' theme, with pent-up demand expected to drive growth