Page 13 - Logistics Sector

Blue Dart: Muted volumes, revenues amid high costs to weigh on margins

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

Flipkart, cab operator Meru join hands to deliver essential products

Meru to deliver essential goods to Flipkart customers in Ozone sanitized cabs across Delhi NCR, Bengaluru and Hyderabad

Coronavirus spread to weigh on domestic ports and logistics sectors

At present, sectors like warehousing, trucking, and last-mile delivery, are facing several challenges. Labour shortage has turned out to be the biggest one, across segments.

Logistics SaaS startup Fareye raises $25 million from M12 Ventures, others

The platform enables enterprises to orchestrate, track, and optimize their logistics operations

Idling trucks, staff shortage: Bottlenecks for industries amid lockdown

Close to 3.5 million trucks (along with their drivers and assistants) are off the road - some because of manpower shortage, and some because they are stuck in various parts of the country.

Coronavirus impact: Logistics firms face hurdles in transporting cargo

The most impacted have been truck drivers, who have had to bear the ire of the authorities and face stigma in their villages.

IIM-A incubation centre leads Rs 3.7 crore funding for robotics logistics

According to founders Pramod Ghadge and Shahid Memon, this new-generation sorting solution can be installed within two weeks

Logistics leasing activity up 30% in 2019, 19 mn sqft space added

Industrial and logistics sector witnessed investments of more than $200 million in 2019, a study conducted by CBRE titled 'India Industrial and Logistics Market View, H2 2019' said.

Alibaba backs logistics startup XpressBees again, plans to invest $10 mn

XpressBees is allotting 9,317 Series D1 compulsorily convertible preference shares at a price equivalent to $1,073.306 each, to Alibaba

Retail boost for logistics, warehousing: Investment rises by $7 bn in 2 yrs

The largest of these is the $3-billion corpus set aside by the National Investment Infrastructure Fund to buy or sponsor a port and logistics-related projects in India through DP World (DPW)

A cargo of cash from private equity investors puts logistics in high gear

According to Venture Intelligence data, nearly $896 million was invested by PEs during the first half of 2019 across 16 deals, as against $682 million across 18 deals a year ago

Endgame for Indian logistics?

India is investing in large-scale infrastructure projects which could transform India's modal-mix from one that is now dominated by moving goods by road, to one that is more balanced and flexible

Govt giving final touches to logistics policy; draft to reach Cabinet soon

Targeting faster movements of goods nationwide and integrating logistics channels, the policy is set to lower India's high logistics costs and boost the export of commodities

Logistics market seen growing 10.5% a year, to reach $215 bn by 2020: Study

In 2017, the logistics sector absorbed 22 million people. Employment is expected to surge to 40 million by 2020

Logistics sector needs to harness technology

The transition to a technologically upgraded model is bound to unlock scale economies across the supply chain

Logistics sector gets infrastructure status

To attract more funding at competitive rates for these segments

Govt may grant infrastructure status to logistics sector soon

Logistics costs of exports are very high in India and due to this, Indian goods are less competitive in global markets

India's logistics sector likely to grow by 9-10% annually: Icra

It said while there have been fluctuations in the economy and freight demand due to GST implementation, the impact of the same would be temporary and would be corrected over the near term

Long dominated by men, logistics firms now hiring women to check attrition

Organised players to lead the way with gender diversity getting a conscious push among large firms

Domestic, global logistics companies look to India for increased investment

While Goods and Services Tax (GST) continues to remain in a state where several loose ends still need to be tied, logistics companies-both domestic and global, are not just bullish about the sector but are actively making investment plans for the coming fiscal."For us, I do not see investments getting hampered if GST gets delayed. GST can only add to our current investment plans. As of now, in a growing logistics market like India, higher investments are much a need of the business to improve earnings and streamline operations," said Abhishek Chakraborty, executive director at DTDC Express. The Bengaluru-based company has 60-65 percent of its total revenue coming from express business where it competes with logistics express giants like Blue Dart, Fedex. Apart that, DTDC is into supply chain as well as the e-commerce segment. "We plan to invest about Rs 20-25 crore through internal accruals of which a part will go into technology, hardware and increasing head count. Also, over next ...