Page 8 - Logistics Sector News Today

Allcargo Logistics is planning to cut costs by USD 30 mn by the end of 2023-24 due to the ongoing slowdown in the global logistics sector. The company also aims to raise up to INR 300 cr in equity funds for Gati, its express logistics business. Companys chairman Shetty said the cost cutting would include a rationalisation of the workforce and a freeze on hiring.

Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, and the presence of H.E Eng. Saleh...

Saudi Ports Authority (Mawani) signed on Sunday four contracts to provide maritime services with private sector investments exceeding SR1 billion ($266 million).

Mawani has signed SAR1 billion ($266 million) contracts as part of its efforts to boost Saudi ports efficiency on par with global standards. The deal involves key entities Zamil and Naghi Marine who will offer maritime service across eight of its ports.

In a strategic move, Zomato, the renowned food delivery platform spearheaded by Deepinder Goyal, is eyeing the acquisition of Shiprocket, a prominent e-commerce shipping startup.

The companys maiden warehousing park will come up on a 16-acre land parcel with development potential of over 360,000 sq ft on NH71 in Delhi-NCR. The company is making a total investment of over Rs 110 crores to develop this facility along with its project partner Panattoni, a globally reputable warehouse developer. The park is situated in the Industrial cluster west of Gurugram, the Farukh Nagar- Jhajjar-Luhari belt, which houses major retailers, 3PL, e-commerce, and industrial occupiers and th...

Concerted efforts are fast-tracking for the country to have an expansive ICD system to empower local logistics sector.

The launch of Mayasandra STCDW is a part of Gati’s plan to build 21 modern, automated and environmentally friendly STCDWs

The rescue operation, as of Wednesday evening, entered the ‘final phase’ with officials saying that ‘good news is likely’ at any moment. | Latest News India

West Bengal: Speaking at the sidelines of the MCCI-organised logistics conclave here on Friday, state transport secretary Saumitra Mohan said according to estimates, the total investment in the logistics sector would be about INR 5,000 crore over the next three years. He said the states 1,200 electric bus rollout plan may involve an investment of about INR 1,800 crore, with each bus costing around INR 1.5 crore.