Page 11 - Logistics Sector

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

Warehousing demand likely to grow 160%to reach 35 mn sq ft in 2021: Report

Warehousing demand is expected to grow around 160 per cent to reach 35 million square feet in 2021, if no further lockdowns occur, said a JLL report

Cash logistics business is on the cusp of change as digital payments soar

Deregulation of the currency chest system will act as the game changer

Gati-KWE to set up 150,000 sq ft surface transhipment centre in Delhi

The facility has been conceptualised to achieve economy of scale and provide unparalleled customer service

Blue Dart: Near-term margins to stay elevated, upside could be limited

Record Q3 performance helps sustain stock price which is up 146 per cent over the last six months

Logistics aggregator platform Shiprocket raises Rs 200 cr in C3 funding

The fresh funding round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm

IIMA sets up centre for research in transportation, logistic segment

IIMA said it has recently established a Centre for Transportation and Logistics to facilitate cutting-edge research in the segment

Logistics firm Seven Islands files for Rs 600 crore public issue

The firm said it has filed papers with markets regulator Sebi for a public offering to raise up to Rs 600 crore

Govt's logistics division to formulate national packaging initiative

The logistics division, under the Commerce Ministry, has started an exercise to formulate a national packaging initiative

Backed by Shell, LogisticsNow ready to improve road transportation biz

The focus of 'LoRRI Benchmark' on the full truckload (FTL) is mainly because 70-80 percent of the total road transport industry in terms of value is FTL, informed Saxena

Covid-19 vaccine: Don't rush to buy all logistics stocks, say analysts

Vaccine storage and transportation being a niche segment will not benefit all logistics and transportation companies, analysts say

Logistics service startup Pidge eyes expanding footprints beyond Delhi-NCR

The company claims to have completed 200,000 deliveries so far, as per a release

IFC to invest $75 mn in Indospace Logistics to develop industrial parks

The funding will provide Indospace with long-term finance against the backdrop of the Covid-19 pandemic to continue investing and developing select projects

Zipaworld to onboard 150 vendors in FY21 as it looks to scale up operations

Logistics e-mall services start-up Zipaworld plans to onboard about 150 vendors, including 40-45 from the overseas markets, by the end of ongoing fiscal as it looks to scale up its operations

DPIIT to seek govt nod for multi-modal logistics hub, industrial corridors

According to the note of the Department for Promotion of Industry and Internal Trade (DPIIT), these projects are at different stages of implementation