Page 11 - Logistics

Group Meeran invests Rs 4.5 cr in online logistics company ShipNext

ShipNext has launched 'WeTruck' and 'WeTruck Partner,' which claim to be India's first mobile applications for long-haul logistics customers and service providers

Maersk reports 43% growth in containerised rail export cargo in 2021

Global container logistics major Maersk India on Tuesday said it has posted 43 per cent growth in the movement of containerised export cargo on the rail in 2021. It has also launched 13 new weekly dedicated rail services during the period, the company added. These services were designed in such a way that different industrial verticals were to be connected to the port, and some of them were based on the 'assured transit' concept on the Dedicated Freight Corridors (DFC), Maersk India said. Besides delivering speed, the services also provided hinterland connectivity and predictability to customers' supply chains in the uncertainty of the disrupted logistics ecosystem, it said. Maersk witnessed 43 per cent growth in the movement of containerised export cargo on the rail in 2021 and 23 per cent growth on the rail for import and export combined, the company said. As Maersk started developing customised solutions for customers rather than offering them off-the-shelf options, deeper insi

Pickrr rolls out faster cash on delivery service for e-commerce sellers

With this option, the company aims to help sellers get money in their bank accounts within a day of a package's delivery

IPO-bound Delhivery invests in logistics automation firm Falcon Autotech

Investment amount not revealed; partnership to enable bundling of hardware automated solutions along with Delhivery's SaaS platform

Icra maintains 'stable' outlook for Indian road logistics sector

The optimism stems from the favourable scenario wherein most players reported strong growth in freight volumes on a sequential basis in the second quarter of FY'22

NHAI arm may award 15 logistics park deals over the next three years

The SPV, formed under the guidance of the road ministry, aims to address typical cost overruns with infrastructure projects

SICMA requests FM to facilitate movement of cement to deficit regions

South India Cement Manufacturers' Association has urged the Centre to facilitate movement of cement in the country by providing a telescopic railway freight service

Distribution and logistics startup Ripplr raises $12 mn in debt, equity

The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office

Pickrr targeting 80-90% next-day deliveries; unveils 10 fulfilment centers

Logistics tech startup Pickrr is targeting 80-90 per cent next-day deliveries, amid a strong 1-million fulfilment orders in January next year, the platform said on Tuesday

TVS Supply chain acquires majority stake in logistics firm FIT 3PL

Picks up 69% for undisclosed sum; deal will strengthen existing pan-India presence of TVS SCS with addition of over 1.5 mn sq ft of warehouse space

Soaring logistics, raw material costs headache for India Inc in H2: Report

Even though the overall outlook for corporates have improved on the back of faster than expected recovery, and the same is likely to gain further traction in H2 but the rising commodity prices

Logistics services provider Rivigo names Rohan Mittal CFO effective Nov 15

Mittal brings 15 years of core logistics and infra experience in M&A, digital and business transformation and P&L leadership; was earlier with Gati and AllCargo

Gujarat retains pole position in logistics index: Commerce ministry report

Haryana gains four places to come second in 2021, Punjab sheds one to figure in third compared to 2019

Logistics firm TCI Express planning drone deliveries by FY22-end

Express logistics company TCI Express is looking to begin deliveries using drones by the end of the ongoing fiscal, a top company official said. Recently, the company concluded its initial trials, TCI Express Managing Director (MD) Chander Agarwal told PTI. In the trials conducted in Ahmedabad, medicines and other urgent/immediate delivery packages weighing 5-10 kgs were delivered to customers, he said. "TCI Express has been continually adopting and investing in cutting-edge technologies to bring long-term value for customers. We look forward to initiating the express drone delivery concept by the end of this fiscal year," Agarwal said. Without sharing any investment amount, the MD said the company has already defined a corpus for this pilot project which will be utilised towards setting up infrastructure. More trials for a higher weight category will be conducted soon, he said, without divulging further information. Sharing more details related to the project, the MD said the tr

Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue

Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore

2-3x spike in vendor numbers across Indian markets ahead of Diwali: Study

The report by logistics platform also reveals 213% uptick in first-time sellers in tier-3, while tier-2 and tier-1 cities saw a growth of 138% and 175%, respectively

Cabinet Committee okays Gati Shakti, top govt panel to monitor progress

There will be a three-tier system for monitoring: empowered group of secretaries (EGoS), network planning group (NPG) as well as a technical support unit (TSU)

Gati Shakti master plan may help cut logistics cost to 8% of GDP

Railways looking at Rs 50K cr of investments under the project

Delhivery names 3 top execs from finance and mfg as independent directors

Career banker and former IndusInd Bank MD-CEO, Ramesh Sobti, and Marico Industries chief Saugata Gupta join former JP Morgan India CEO Kalpana Morparia on the supply chain firm's board

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.