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Shree Maruti Courier to deliver medicines to retail customers for free

Shree Maruti Courier to deliver medicines to retail customers for free

3 May 2021 12:37 PM IST
May 3, 2021: Shree Maruti Courier Services has announced to offer free of cost deliveries of medicines across its network in India for retail...
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The revenue growth was driven by e-commerce, consumer, automotive and freight forwarding businesses.

Mahindra Logistics Q4 FY21 revenue up 20% YoY at ₹974 cr, PAT up 47%

30 April 2021 9:42 AM IST
April 30, 2021: The 3PL solutions provider Mahindra Logistics on Thursday announced its audited consolidated financial results for the quarter and...
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The logistics professionals gave us a range of reasons including the sudden surge in demand, unexpected shift to multi-point pick-up model, fragmented nature of the market, unavailability of customised trucks against the demand, lack of investment into pipelines and the black market.

Need for quick shift to multi-point pickup behind medical oxygen logistics chaos

29 April 2021 3:59 PM IST
April 29, 2021: Along with the sudden surge in demand, the logistics companies blame extremely spread out locations of sourcing points (distributors...
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The logistics policy will be launched in the next 45 to 60 days. It may get delayed due to the lockdown and again depends on the parliament sessions. It can%u2019t go beyond 120 days anyway.

Govt announces LEADS survey prior to launch of National Logistics Policy 

29 April 2021 1:27 PM IST
April 29, 2021: Ministry of commerce & industry (MoCI) announced the process of conducting the annual Logistics Ease Across Different States (LEADS)...
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The state-run airline Sichuan Airlines suspended all cargo flights on six routes to India for 15 days, citing the risk of rising Covid-19 cases in the country.

Oppo, Vivo, Xiaomi explore new options after Sichuan Airlines' India ban

28 April 2021 6:03 PM IST
April 28, 2021: Smartphone brands such as Oppo, Vivo, Xiaomi and several handset contract manufacturers are exploring alternate options of air cargo...
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Lion%u2019s share of cost-free space to come up in Mumbai, Delhi, Bangalore and Kolkata.

Stellar Value Chain sets aside 1.5 mn sq ft space, reefer trucks for oxygen, vaccine

28 April 2021 4:56 PM IST
April 28, 2021: The tech-driven consumer supply chain company, Stellar Value Chain Solutions, has set aside 1.5 million square feet of warehousing...
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The airline previously participated in ONE Record pilots in Amsterdam and London Heathrow.

Cathay Pacific Cargo runs IATA ONE Record pilot at its Hong Kong hub

28 April 2021 11:30 AM IST
April 28, 2021: Cathay Pacific Cargo announced the success of its third pilot of IATA’s ONE Record initiative, this time at its home hub in Hong Kong,...
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This year the virtual event will be held May 4-8, 2021, and will host more than 1,000 changemakers, business leaders, organizations, students, diversity and inclusion professionals, advocates, and experts from around the world.

FedEx joins Pride Circle’s RISE 2021 as official logistics partner

27 April 2021 7:03 PM IST
April 27, 2021: FedEx Express today announced its association with Reimagining Inclusion for Social Equity (RISE) 2021 as its official logistics...
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Gateway Distriparks%u2019 rail container business recorded the highest-ever monthly throughput of 26,426 TEUs in March 2021.

Gateway Distriparks registers strong recovery with Q4 YoY PAT up 299%

27 April 2021 4:49 PM IST
April 27, 2021: The integrated intermodal logistics facilitator Gateway Distriparks today announced its audited financial results for the January to...
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The combination of DSV and Agility GIL is expected to increase DSV%u2019s annual revenue by 23%, which will rank the company in the forwarding industry top three with a pro forma revenue of $22 billion.

DSV Panalpina acquires Agility’s Global Integrated Logistics for $4.1 bn

27 April 2021 12:28 PM IST
April 27, 2021: Agility and DSV Panalpina have today signed an agreement for DSV to acquire Agility’s Global Integrated Logistics (GIL) business at an...
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EBITDA increased to %u20B968.47 crore from %u20B964.06 crore mainly due to margin improvements in warehousing i.e., from 38 percent in FY20 to 42 percent in FY21 and PAT increased to %u20B96 lakh from a loss of %u20B9 (1501) lakh during the previous year.

Snowman Logistics records ₹237 cr revenue, ₹68 cr EBITDA for 2020-21

26 April 2021 6:41 PM IST
April 26, 2021: During the quarter ended March 31, 2021, Snowman Logistics recorded revenue of ₹64.11 crore as against ₹60.98 crore for the same...
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Kuehne Nagel achieved net turnover of over CHF 6.0 billion, EBIT of CHF 431 million and earnings for the period of CHF 318 million.

Kuehne+Nagel reports 22% YoY net turnover growth in Q1 2021

26 April 2021 3:59 PM IST
April 26, 2021: Marked by strong demand in transport services, especially for pharma and e-commerce fulfilment, Kuehne+Nagel reported a strong start...
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