A prominent logistics company has reported a 55% decline in standalone profit, amounting to ₹10.15 crore for the April-June 2024 quarter. This profit decrease reflects higher initial expenses, increased manpower costs, and elevated warehouse leasing fees. However, the firm’s revenue showed a robust 10% increase, climbing to ₹1,156.66 crore from ₹1,050.92 crore in the same…
A leading logistics company has recently finalized a lease for a newly refurbished office space, marking a significant step in its strategic expansion. The company has secured a prominent location in a high-quality office development situated just outside a major city center. This modern facility, spanning 6,105 square feet over two floors, has been upgraded…
The logistics and supply chain sectors are experiencing a remarkable evolution in warehousing practices, driven by innovations that significantly enhance operational efficiency and adaptability. Contemporary warehouses are becoming integral to streamlining logistics, optimizing fulfillment, and addressing the complexities of modern commerce. Today’s advanced warehousing solutions extend beyond traditional storage functions, focusing on a holistic approach…
A leading infrastructure entity has announced significant measures to strengthen its inland logistics capabilities, aiming to improve connectivity and create a transshipment hub. This includes acquiring a slurry pipeline to boost connectivity for a new port in Odisha, marking a crucial step in this direction. Efforts are underway to enhance logistics infrastructure through a network…
Recent logistics disruptions in June have significantly impacted India’s export growth, reflecting ongoing challenges in the global supply chain. Various factors, including port congestion, shipping delays, and logistical bottlenecks, have posed hurdles for exporters across different sectors. June typically sees a surge in export activities, but this year, the sector faced considerable obstacles due to…
The government is pushing forward with a Public-Private Partnership (PPP) model to boost the development of Multi-Modal Logistics Parks (MMLPs). This strategic initiative aims to streamline logistics, reduce costs, and enhance India’s position in the global supply chain. It is a crucial part of the country’s journey toward achieving a USD 5 trillion economy. At…
A newly launched regional distribution hub in North West England is poised to revolutionize healthcare logistics in the area, enhancing the efficiency and reliability of medical supply chains. The state-of-the-art facility, covering 400,000 square feet, has officially begun operations, offering a significant boost to the region’s healthcare logistics network. This cutting-edge hub, situated in Widnes,…
Recent weeks have highlighted significant advancements in the logistics and supply chain management sector, particularly within the fashion and luxury goods industry. Key developments in Europe have marked an expansion in logistics capabilities aimed at supporting the growing demands of the sector. A strategic partnership has been formed to bolster logistics infrastructure across Europe, focusing…
Nigeria is making significant strides to revamp and upgrade its logistics and courier processes to meet world-class standards, thereby improving international mail exchange capabilities. This was highlighted by the Postmaster-General during a recent event in Lagos. Speaking at the event themed “Repositioning Nigeria’s Logistics and Courier Service Sector for Sustainable Growth,” the Postmaster-General emphasized the…
President Yoweri Museveni inaugurated a new logistics facility on Lake Victoria in Kawuku Bwerenga, marking a significant step in transforming Uganda’s fuel transport and storage capabilities. This project is set to transport and store oil from the port of Kisumu to Entebbe using tanker ships, reducing the country’s reliance on road transport for importing fuel.…