Delhivery Q4 results : Loss widens to Rs 159 crore as revenue falls for 2nd quarter
HYDERABAD : Delhivery‘s net loss widened to Rs 159 crore in the fourth quarter ended March 2023, as the logistics company’s revenue dropped for the second straight quarter amid a slowdown in e-commerce. Delhivery reported
APSEZ’S rail cargo handling grows 22% in FY23
AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ), the port and logistics division of Adani Group, on Wednesday said it handled its highest-ever rail cargo of over 120 million metric tonnes (MMT)
HMM looking for reunion with Hyundai LNG Shipping
SEOUL : HMM is reportedly attempting to buy back the liquefied natural gas (LNG) shipping unit that South Korea’s flagship carrier divested back in 2014 when it began facing financial troubles. The LNG shipping
Aramex and AD Ports Group form JV to develop new NVOCC Enterprise
ABU DHABI : Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to serve the freight forwarding industry. The new non-vessel operating common
Nippon Express Group buys Austria-based global logistics player ‘cargo-partner’
TOKYO : Οwner and founder of cargo-partner Mr. Stefan Krauter has decided to sell the Austrian global logistics firm to Japanese stock-listed Nippon Express Holdings, which is also the parent company of Nippon Express,
DSV to power new facilities with renewable energy
DENMARK : DSV is constructing two new warehouses totalling 175,000 sqm that will be powered entirely by on-site renewable energy. With more than 100,000 sqm of solar panels, DSV’s new facilities in Landskrona, Sweden,
Bolloré Logistics Delhi welcomes its first commercial EV in India
NEW DELHI : The last mile delivery industry has seen a surge in demand in recent years. With this growth, comes the need for sustainable and efficient delivery solutions. In pursuit of its objective
Rivigo by Mahindra Logistics launches its first Express Hub in Bhiwandi
MUMBAI : Rivigo by Mahindra Logistics, part of India’s largest integrated logistics solutions providers, launched its first Express Hub in Bhiwandi. Followed with Luhari and Pune, these new processing centres are a part of