Page 11 - Logistics Sector

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

Transport Corporation surges 62% in four days on strong Q4 results

The management expects a pickup in surface freight activity from H2 onwards (near festive season)

Foreign trade sector recovering in balanced manner, says Commerce Secretary

Commerce Secretary Anup Wadhawan on Friday informed that the foreign trade sector is recovering in a balanced manner

ESR, GIC to buy Australian logistics property portfolio from Blackstone

Logistics real estate manager ESR Cayman Limited said it will join with Singaporean sovereign wealth fund GIC to buy an Australian portfolio from Blackstone for $2.9 billion

FM Logistic India introduces EVs for deliveries within city limits

The first batch of EVs deployed by the company comprises 3-wheelers from a leading commercial vehicle manufacturer having a load capacity of 500 kg

Mapletree enters logistics biz on buying KSH Infra from Morgan Stanley arm

KSH Infra owns warehousing properties in Pune spread over a million sft

How India's small truck aggregator industry is accelerating deliveries

The Deloitte study pointed out that in 1991, there was one driver per truck in India, but now at least one in four trucks (27 per cent) lies idle due to lack of drivers