Page 12 - Logistics Sector

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

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

Robinsons Global sets up warehousing facility in Thane for Rs 6.5 cr

This is the first such warehouse of the four such facilities Robinson Global Logistics Solutions (RGL) plans to set up by the first quarter of 2021 in the country, the company said in a release

Icra revises outlook on logistics sector to 'negative' from 'stable'

With gradual easing of lockdown curbs, E-way bill generation has revived to about 70%, while railway and seaway freight volumes have revived to 85-90% of pre-Covid levels in June

Domestic road transport sector likely to contract by 18-20% in FY21: Icra

40-day nationwide lockdown aggravated the prevailing softness in the Indian economic activity

In a push to logistics sector, Centre working on draft legislation

The efficiency in logistics comes from end-to-end services, and hence the document will not just focus on multi-modal transport

Pare cost by 5%, go digital in documentation, Logistics Secy urges sector

Says nearly 30% of documents pertaining to seaport movement are redundant and one third are filed more than once