Demand for industrial and logistics spaces reached an all-time high in eight major cities last year, with leasing activity increasing by 8 per cent yearly, according to CBRE. According to CBRE’s most recent study, leasing of industrial and logistics spaces increased to 38.8 million square feet in 2023 from 36 million square feet the previous year, […]
The global social and economic landscape is always in flux, causing constant ebb and flow of global trade trends. The continuous advancement in technology plays a significant role in defining what will prove effective and what won’t. There has been an increase in the usage of artificial intelligence and it’s becoming a fundamental aspect of […]
Overall logistics costs in India are in the range of 7.8-8.9 per cent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday. The central government has been working to reduce the overall logistics costs and enhance the competitiveness of […]
Mappletree Logistics Trust (MLT) has proposed to acquire a Grade A warehouse in Farukhnagar in the Delhi National Region (NCR) for USD 14.5 million for 900 million rupees, according to a report by a leading media house. The acquisition by MLT is expected to be completed in the fourth quarter of the financial year 2024 […]
Blue Dart, the express logistics provider on Monday said it has set up digital parcel locker service at post offices under a partnership with India Post. This service allows consignees to retrieve their shipments from digital parcel lockers at post offices, doing away with the need for personal receipts or signing for a package, Blue […]
Snowman Logistics on Monday reported a 14 per cent year-on-year (YoY) rise in its revenue for the quarter that ended on 30 September 2023 at Rs 124.02 crore, compared to Rs 108.62 crore for the same period in the previous year. Its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) increased to Rs 25.54 crores […]
Logistics company Delhivery reported a consolidated net loss of Rs 103 crore in the second quarter ending 30 September 2023, marking a reduction from the Rs 254 crore net loss in the corresponding period last year, as per a regulatory filing. Total income increased to Rs 2,042.98 crore from Rs 1,883.38 crore in the previous […]
NimbusPost, the tech-enabled shipping aggregator launched its import services from Fareast countries to India. This strategic move is poised to reshape the landscape of cross-border trading, with a particular focus on empowering SMEs and D2C brands in India, the company said in a press release. Anindya Sundar Nandi, Vice President of International Business, NimbusPost, exclaimed, […]
As the festive season in India unfolds, logistics, especially the cold supply chain, takes center stage. The linchpin ensures the seamless flow of essential goods, especially perishables like sweets, dairy products and fresh produce, for families as they come together to celebrate. However, the festive season also witnesses a spike in wastage due to the […]
India’s e-commerce industry has already dived into another lucrative festive season, and behind the scenes, logistics and support partners also geared up for the massive surge in demand. With the festive season in India being a crucial period for e-commerce companies, these partners play an essential role in ensuring smooth operations, timely deliveries, and customer […]
