Page 12 - Logistics

Turkey aims to be "logistics superpower" by 2053: President Erdogan

Turkish President Recep Tayyip Erdogan has said that Turkey aims to become a logistics superpower as part of the country's 2053 vision.

Suspected Chinese hackers collect intelligence from India's power grid

The hackers compromised an Indian national emergency response system and a subsidiary of a multinational logistics company

Milk prices to remain firm going forward, says Amul MD

Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday

David Leica of Logistic One Ltd. Accelerates The Technical Advancement Of Logistics

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Tesla, SpaceX facing significant inflationary pressure: Elon Musk

Tesla Inc CEO Elon Musk said on Sunday the US electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics

Gati-Shakti to improve infra efficiency, reduce logistics costs: PM Modi

"Even today, logistics cost is considered to be 13-14 per cent of India's gross domestic product, which is higher than other countries," Modi said.

Mahindra Logistics acquires last-mile delivery firm ZipZap for Rs 72 crore

Mahindra will acquire 60% in the Hyderabad-based firm through primary and secondary purchases in two phases

Logistics optimising platform MatchLog raises $3 mn in pre-series-A round

MatchLog claims it is India's first firm to offer at scale the ability to turnaround a container from import to export cycle, thereby eliminating empty runs to and from container yards

Industrial, warehousing leasing up 35% in 2021; new supply rises 64%: Study

Leasing of industrial and warehousing spaces across eight major cities went up by 35% during 2021 to 35.1 million square feet, driven by higher demand from third-party logistics and e-commerce players

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