Allcargo Logistics falls 5% after Q3 net profit declines 88% on poor revenue
MUMBAI : Allcargo Logistics Limited and Allcargo Gati Limited, part of the Allcargo Group has announced plans to demerge the International Supply Chain (ISC) business into a separate entity Allcargo ECU Limited, and the
Allcargo Logistics plans to cut costs by $30 million in FY24 amid global slowdown
MUMBAI : Allcargo Logistics aims to cut costs by $30 million (about Rs.250Cr) by the end of 2023-24, amidst the ongoing slowdown in the global logistics sector. The company is also spending $100 million
Allcargo Logistics and Allcargo Gati boards approve businesses restructuring
MUMBAI : Allcargo Logistics Ltd and Allcargo Gati boards on Thursday approved restructuring of businesses, Allcargo Group said in a statement. As per the scheme, International Supply Chain (ISC) business will be demerged into
Indian exporters stare at freight cost hikes as ships avoid Suez Canal
MUMBAI : Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions
ULIP is the UPI moment for the logistics sector: Gati’s MD & CEO
MUMBAI : More than one year after the launch of the Unified Logistics Interface Platform (ULIP), the data and single window platform for the logistics sector, is helping streamline operations on the ground, aided
Allcargo Standalone September 2023 Net Sales at Rs 384.43 crore, down 60.88% Y-o-Y
MUMBAI : Allcargo Standalone September 2023 Net Sales reported at Rs 384.43 crore, down 60.88% Y-o-Y Net Sales at Rs 384.43 crore in September 2023 down 60.88% from Rs. 982.75 crore in September 2022.
Allcargo Group’s TransIndia sells equipment rental business to Premier Heavy Lift
MUMBAI : TransIndia Realty & Logistics Parks Limited, a demerged unit of Allcargo Logistics Limited that specialises in industrial and logistics parks development and leasing, announced on May 10 a strategic agreement to transfer its
ECU Worldwide’s ECU360 platform simplifies Air Freight
MUMBAI : ECU Worldwide‘s digital logistics platform – ECU360, has launched a new digital air freight service to streamline the shipping process for businesses of all sizes. The service is yet another value-added offering