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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...

Currently most of the demand comes from metro and tier I cities. However, by 2025 this trend is expected to change, as tier II and lesser cities are emerging as new demand centres owing to higher internet penetration.

Indian e-commerce logistics to be worth ₹492 bn by 2025 with 23% CAGR

27 April 2021 10:52 AM IST

April 27, 2021: The report titled Indian E-commerce Logistics Industry Outlook to 202 by Ken Research suggested that the e-commerce logistics industry...

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...

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...