Logistics - Page 111

Jeena & Co bags mandate to move Covishield vaccine to private hospitals

12 Aug 2021 3:33 PM IST

August 12, 2021: Jeena Criticare, the pharmaceutical and critical healthcare logistics arm of Jeena & Co., has given the mandate to distribute Serum...

A cold chain transport truck equipped with the T-80E series unit

Thermo King launches T-80E series refrigeration units for reefer truck

11 Aug 2021 10:56 AM IST

August 11, 2021: Thermo King, a brand of Trane Technologies, has launched its product T-80E series units across the Asia Pacific market.

Sarkari is known for setting up the business and organisation of UPS in India, and also guiding Mahindra Logistics to unprecedented levels of growth.

Gati appoints former Mahindra Logistics chief Pirojshaw Sarkari as CEO

10 Aug 2021 1:35 PM IST

August 10, 2021: The Allcargo group company Gati announced the appointment of Pirojshaw Sarkari as its CEO.

The current developments are shaping up the next round of consolidation within the domestic CEP market where players like FedEx and UPS are testing the market dominance of DHL in India and APAC.

Delhivery–Spoton combination is not supplementary but complementary

9 Aug 2021 11:46 AM IST

August 9, 2021: Delhivery, the IPO-bound express logistics company, signed an agreement to acquire 100 percent stake in rival express logistics player...

The integrated supply chain and logistics solutions provider recorded 71.30 percent growth in consolidated revenue to Rs 700.21 crore in Q1 FY22 from Rs 408.76 crore in Q1 2FY21.

TCI reports 905% YoY profit after tax growth to 47 crore in Q1 FY22

6 Aug 2021 12:51 PM IST

August 6, 2021: Transport Corporation of India (TCI), announced its financial results for the first quarter ended on June 30, 2021 with 905.72 percent...

Cold chain marketplace startup Celcius raises $500,000 in seed funding

4 Aug 2021 5:45 PM IST

August, 4, 2021: The cold chain marketplace startup, Celcius, has raised $500,000 in a seed funding round with Mumbai Angels Network, a premium...

Recently FedEx had announced an investment of $100 million and signed commercial agreements with Delhivery.

Delhivery to acquire express logistics rival Spoton for $200 million

2 Aug 2021 6:28 PM IST

August 2, 2021: The IPO bound new age domestic logistics giant and supply chain firm, Delhivery, backed by the likes of Softbank, Tiger Global...

The new joint venture will house all the operations of the Nordicon Group, which is the market leader in the LCL (less-than-container-load) and rail freight consolidation segment in the Nordics region

Allcargo acquires 65% stake in Swedish logistics firm Nordicon for $29 mn

31 July 2021 3:05 PM IST

July 31, 2021: Allcargo Logistics on Friday announced its second large overseas acquisition snapping up a 65 percent ownership in a $44 million joint...

Quick Commerce market, currently led by Dunzo and Swiggy Instamart, has a penetration of 7% in the online consumables market which is expected to become 12-13% by 2025.

Quick commerce to grow 10-15x in 5 years to $5 billion market by 2025

28 July 2021 12:23 PM IST

July 28, 2021: According to the latest report Quick Commerce: A $5 billion market by 2025 launched by homegrown consulting firm RedSeer, the market...