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The investment is part of Xander%u2019s $250 million industrial platform, which is advised by its private equity real estate arm Xander Investment Management.

Singapore’s Xander group acquires 31-acre logistics park in West Bengal

14 May 2021 11:55 AM IST
May 14, 2021: Xander Group, a Singapore-based alternative investment company, has acquired a 31-acre logistics park in Bagnan, located in West...
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FDL plans to launch its service with 850 vehicles in India in the initial phase, with a plan to expand it to 15,000 vehicles by December 2021.

UK’s Fast Despatch Logistics to launch service in India with 680 EVs

14 May 2021 9:59 AM IST
May 14, 2021: One of the major last-mile delivery service providers in the UK, Fast Despatch Logistics is set to launch its service in India today...
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An additional 1.5 lakh to 2 lakh pallet capacity (frozen and chilled) may be added as part of temperature-controlled storage space in the next two to three years.

Indian cold chain logistics to grow at 20% CAGR by 2025: JLL

13 May 2021 6:23 PM IST
May 13, 2021: India's cold chain sector is expected to grow at over 20 percent CAGR by 2025, according to JLL, due to its transformation from...
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(L-R) Celcius founder Swarup Bose and co-founder Rajneesh Raman

Cold chain marketplace Celcius raises undisclosed amount in seed funding round

12 May 2021 5:52 PM IST
May 12, 2021: Cold-chain marketplace startup, Celcius, announced that they have received an undisclosed amount as seed funding in a round led by...
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(L-R) Allcargo ropes in ex-M&M CFO Parthasarathy, ex-McKinsey partner Martin Mueller

Allcargo Logistics strengthens board with two new independent directors

12 May 2021 1:01 PM IST
May 12, 2021: Allcargo Logistics has announced the appointments of VS Parthasarathy, former Group CFO and CIO of Mahindra & Mahindra, and Martin...
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Sikander A M, founder and CEO, Sitics Logistic Solutions

3PL company Sitics Logistic acquires logistics tech startup Quifers

11 May 2021 3:15 PM IST
May 11, 2021: The third party logistics company Sitics Logistic Solutions announced the acquisition of Quifers, a logistics tech startup...
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Currently operating across 350 locations, covering 22,000 pin codes, Spoton Logistics made investments in new infrastructure & expansions in Delhi, Ambala, Chennai, Bengaluru, Kolkata, Pune, and Hyderabad.

Spoton Logistics' revenue grows 34% in H2; aims for 40% in this fiscal

6 May 2021 4:13 PM IST
May 6, 2021: Spoton Logistics has grown close to 10 percent in revenue in FY 2020-2021 and closed the H2 with a growth of 34 percent over the previous...
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Releye RLP 30000 PC is built on 5 pillars: control, monitoring, value, autonomy, and sustainability.

Envirotainer unveils new pharma container Releye RLP30000PC

5 May 2021 12:50 PM IST
May 5, 2021: Envirotainer has today launched Releye RLP30000PC container for transporting pharmaceutical products, announced the company in a virtual...
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Mahindra has pressed into service 100 vehicles to overcome the transportation bottleneck with safe and quick transportation to deliver oxygen cylinders %u2018on demand%u2019

Mahindra to ensure oxygen supply in Mumbai, Thane, Pune, Pimpri-Chinchwad, Chakan, Nasik, Nagpur

4 May 2021 12:59 PM IST
May 4, 2021: The Mahindra Group has rolled out a free service initiative, Oxygen on Wheels (O2W), to strengthen the availability of oxygen by...
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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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