Page 4 - Logistics

Gig hiring to soar by 20% in festive season, e-commerce may lead: Indeed

As festival season is about to begin, seasonal hiring is projected to surge by 20 per cent over last year, with the e-commerce industry leading the trend amid increased demand, according to the data by job site Indeed. The top gig roles that have been witnessing increased hiring are delivery executives, warehouse workers, logistics coordinators, in-store sales executives, and customer care executives, the data showed. Several industries are reporting a marked increase in demand for seasonal workers, with e-commerce leading the trend with a 35 per cent rise in demand, followed by logistics (15 per cent), retail (14 per cent), and quick commerce (11 per cent). "The festive season is a crucial period for businesses across India, and we're seeing a significant uptick in hiring for seasonal roles as companies prepare to meet heightened consumer demand. "The industries that are growing -- e-commerce, logistics, quick commerce -- are doing so because they're aligned with the needs and ...

E-commerce logistics firm Ecom Express files for Rs 2,600 cr worth IPO

The IPO will consist of a fresh issue of shares worth up to Rs 1,285 crore while existing investors will offload shares aggregating to Rs 1,316 crore

Global Distriparks Ltd results: Net profit declines 23% to Rs 49 cr

Logistics operator Global Distriparks Ltd (GDL) on Thursday said its net profit declined 23 per cent to Rs 49 crore during the June quarter over the corresponding quarter of last year. The company had posted a profit of Rs 63.72 crore in the first quarter of FY 24, GDL said. According to the company, total revenue for the quarter under review stood at Rs 357.65 crore, down 4.59 per cent from Rs 374.85 crore in Q1FY24, it said. Revenue from rail vertical dropped 2.86 per cent year-on-year to Rs 289.90 crore while CFS (container freight stations) revenue slipped 11.32 per cent year-on-year at Rs 67.75 crore, the company stated. CFS revenue includes an adjustment of reduction of Rs 8.42 crore on account of a change in accounting method for Q1FY25, the company said. During the June quarter, GDL said, it handled a total container traffic of 171425 TEUs, which was 4.71 per cent lower compared to 170897 TEUs handled in the same quarter of last year. The rail vertical traffic stood at 82

Logistics cost will be below 9% of GDP by April next year, says Gadkari

India's logistics cost will come down to 9 per cent of GDP by April next year, Union Minister Nitin Gadkari said on Thursday. Addressing an event here, Gadkari further said the country's exports will also increase when the logistics cost comes down to single digit. "Our logistics cost now is 16 per cent...It will come down to 9 per cent by April next year," he said. However, according to quick estimates of economic think tank National Council of Applied Economic Research (NCAER), the logistics cost in India ranged from 7.8 per cent to 8.9 per cent of GDP in 2021-22. The road transport and highways minister noted that Indian economy needs to create more jobs. While noting that earlier governments did not give enough attention to rural sector, he said that the Prime Minister Narendra Modi-led government is giving more priority to the agriculture sector. "We need to increase our agriculture growth...We need to increase per capita income in rural areas," Gadkari said. The minister n

India now 20% of SAP's global business network, says Ashwani Narang

According to the World Bank's Logistic Performance Index, India's ranking moved to 38 in 2023 among 139 countries from the rank of 54 in 2014

Union Budget 2024: Logistics and supply chain sector set to surge

The Budget's commitment to infrastructure development is evident in its substantial allocation of Rs 11.11 trillion for capital expenditure, amounting to 3.4 per cent of GDP

Army Chief Gen Upendra Dwivedi visits HQ; reviews logistics, preparedness

The Army chief appreciated the contribution made by Veterans and VeerNaris during deliberations and directed that continued emphasis be maintained towards their welfare

'Bright future for air cargo sector, needs faster turnaround time'

To tap the potential of the country's air cargo sector, the focus should be on further improving processes as well as ensuring faster turnaround time, a senior government official said on Thursday. The government is working on developing logistics hubs. Piyush Srivastava, Senior Economic Advisor at the Ministry of Civil Aviation, said the air cargo sector has a bright future and the number of freighters in the country is expected to rise. Currently, Indian carriers have around 18 freighters. There will be a focus on further improving the ease of doing business and faster turnaround time in the air cargo sector, he said while speaking at the conference organised by the ACFI (Air Cargo Forum India) in the national capital. While passenger traffic has recovered after being hit by the coronavirus pandemic, air cargo is yet to fully recover to the pre-Covid levels. In 2023-24, the air cargo handled in the country was a little over 3.36 million tonnes. Surendra Kumar Ahirwar, Joint ..

Navigating the lanes of logistics with Chander Agarwal

Learn the intricacies of managing a logistics business in India

Maha should improve logistics, power supply for industrial growth: CII

Logistics infrastructure and cost of power supply have scope of improvement in Maharashtra for industrial growth, CII Vice President R Mukundan said on Saturday. Mukundan inaugurated the new office of CII Marathwada Zone chaired by Sunil Kirdak. "Last-mile connectivity is important for every industry to run their business smoothly. Improvement in logistics in terms of national and state highways should take place to keep investments coming. Where industry is less, we need more connectivity there," he told reporters. Efforts should be made to make the western region more competitive in terms of power supply and cost of power. There is a need to reduce the cost of power, he added. These two issues have been addressed well but there is a scope of improvement, Mukundan noted. On prospects of exports, he said, "If we need to export from here, we have to increase the number of airports and port facilities also". CII western region deputy chairman Rishi Kumar Bagla said, some airlines h

'AI can help shipping industry cut emissions by 47 mn tonnes every year'

The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets

Drone logistics solution provider Skye Air bags $4 mn in Series A funding

Skye Air, a drone logistics solution provider, on Monday said it has secured USD 4 million (about Rs 34 crore) funding, which will be used to expand the company's operations across Gurugram and other cities for healthcare, and quick-commerce deliveries. The Series A funding was achieved with backing from Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, and Tremis Capital. Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures and other existing investors, family offices and angels also participated in the funding round. "The fresh capital will help the company expand its last-mile network across Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries," said Ankit Kumar, Founder & CEO of Skye Air. He further said that with the Modi 3.0 government at the centre stage, the company envisages a plethora of growth coming in the Indian drone sector, which will make Bharat a global drone hub by 2030. Maple Capital ...

Delhivery partners SUGAR Cosmetics for pan-India B2B logistic operations

Logistics company Delhivery on Thursday announced a partnership with SUGAR Cosmetics, a home-grown beauty brand to spearhead its pan-India B2B logistic operations. The logistics company has been a long-standing partner for the brand's D2C express parcel shipping, Delhivery said in an exchange filing. Further, Delhivery said in the statement that its extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services will ensure faster delivery of B2B consignments, allowing SUGAR Cosmetics to better serve their retail partners. Commenting on the partnership, SUGAR Cosmetics supply chain Vice President Amartya Guha said SUGAR Cosmetics is on a high growth trajectory and needs a logistics partner that comprehends the demands of the digital native generation. Varun Bakshi, Head of Delhivery's Express Part Truckload business, said that brands like SUGAR Cosmetics, which have an omnichannel strategy, heavily benefit from their express PTL service for quick stock .

Truck rentals remained flat in March 2024: Shriram Mobility Bulletin

According to industry sources, truck rentals were stable as corporates were seen rushing in March year-end to fulfil their targets

Indian commercial realty expands footprint, continues to defy global odds

Attracting investments from private equity firms even as the Western markets are witnessing a slowdown

DPIIT to engage with research firm to prepare logistics report for 3 yrs

The Department for Promotion of Industry and Internal Trade (DPIIT) is planning to engage a research firm to prepare the Logistics Ease Across Different States and Union Territories for the next three years. Every year, the department releases a Logistics Ease Across Different State (LEADS) report, ranking states and Union Territories (UTs) on the basis of their logistics ecosystem and highlights the key logistics-related challenges faced by stakeholders and includes suggestive recommendations. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. The DPIIT has floated a request for proposal for the appointment of consultant for ranking of states on the basis of their logistics efficiency (LEADS report for 2024, 2025, and 2026). "The DPIIT intends to engage a research organisation/consulting or market research firm/academic institution (Consultant) with experience in preparing national/international level reports bas

Magicpin launches delivery service to enter logistics aggregation segment

The platform is currently witnessing an average of 5,000 orders per day

CBIC issues circular to encourage women participation in logistics, trade

The Central Board of Indirect Taxes and Customs (CBIC) has asked field offices to support in upskilling women logistics service providers and custom brokers as well as for custodians of freight stations to ensure safe and secure working environment. The CBIC has issued two circulars coinciding with International Women's Day on March 8. One relates to encouraging women participation in international trade, while the other is on inclusion of gender specific infrastructure facilities to be provided by the custodians of Inland Container Depot (ICD), container freight station (CFS) and Air Freight Stations (AFS). "It has been decided that in addition the existing infrastructural facilities as provided by the custodian CFS/AFS/ICD -- following gender specific infrastructure facilities may also be encouraged for inclusiveness of women participation," it said. The CBIC said gender responsive infrastructure at the logistics facilities, including sufficient lighting, panic buttons, should be

TVS Supply Chain Solutions inaugurates warehousing facility in TN's Hosur

TVS Supply Chain Solutions Ltd on Thursday inaugurated an ultra-modern multi-client warehousing facility in Hosur, Tamil Nadu, as part of its expansion in the domestic market. The new warehouse offers value-added solutions like automation and data analytics to improve client productivity, the company said. The latest warehouse facility will provide more than 1,200 jobs, of which 300 will be women employees in various roles like kitting and binning, among others, it said. With the addition of this 6.50 lakh square feet of space, the company's total warehousing capacity has increased to 21.85 million sq ft from 21.2 million sq ft of space, TVS Supply Chain Solutions said. Globally, TVS Supply Chain Solutions operates around 300 strategically located warehouses across five continents, covering over 27 million sq ft of warehousing space. "We have strategically positioned our global parts distribution centre in this new facility, which will serve as a hub for our global market," K N ..