A new player in the AI robotics sector has emerged with substantial financial backing, promising to revolutionize warehouse logistics. This innovative robotics company, specializing in warehouse automation, has secured $78 million across three funding rounds, including a significant Series B. While the company has not disclosed its valuation, the financial support underscores the growing interest…
DetailsA notable development in the logistics sector has emerged with the creation of a new logistics hub in Turkey, following regulatory approval from the Turkish Competition Authority. This newly formed entity, resulting from a merger, aims to meet the region’s increasing demand for advanced logistics solutions, enhance Turkey’s export and import volumes, create new industry…
DetailsA major player in the logistics industry has made a strategic move to enhance its global footprint through the acquisition of a leading freight forwarder. This acquisition is set to expand the company’s reach in key markets, including China, India, the US, and the GCC, while offering integrated logistics solutions in the UAE and leveraging…
DetailsThe warehousing and logistics sector is experiencing a significant boom, driven by investments in construction projects nationwide. This surge is largely fueled by the expansion of e-commerce and improvements to infrastructure, including distribution centers, transit links, and last-mile facilities. The COVID-19 pandemic highlighted the critical need for robust logistics networks, leading to increased demand for…
DetailsA 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…
DetailsA 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…
DetailsThe 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…
DetailsA 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…
DetailsRecent 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…
DetailsThe 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…
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