Indian steelmaker Tata Steel said that it has completed the first multi-modal shipment of 960 tonnes of stainless steel TMT bars successfully, from the Haldia Port in West Bengal to Agartala in Tripura. On the 8th of January 2023, the MV Bulker I barge sailed from the Haldia Port. The first part of the journey […]
Shreeji Translogistics (STL), an Indian surface logistics and parcel delivery service provider, said that it has won a contract from Uflex Ltd. for full truck load (FTL) services. The contract will yield nearly INR 40 million in revenues, said the Navi Mumbai-based freight management, logistic solutions, and warehousing services provider. Uflex is an Indian flexible […]
Allcargo Logistics Limited said that its fully-owned step-down subsidiary AGL N.V. has signed a share purchase agreement with Atlas Global Trading F.Z.C. (UAE) to acquire Asiapac Equity Investment Ltd (Hong Kong). The all-cash deal is worth $4.99 million, said Allcargo Logistics, which is an Indian logistics company. Asiapac Equity Investment, through its subsidiaries, is involved […]
DHL Express, a German logistics company, has expanded its Faridabad service facility to strengthen its network in the Delhi/National Capital Region (NCR). According to the express service provider, the expansion of the centre forms part of its investment of €250 million in India since 2017. It also marks DHL Express India’s eighth service centre in […]
Trucknetic, an Indian online transport and logistics company, will now provide all sorts of trucks and implement its full-stack trucking solutions in the Delhi-NCR area. The logistics company claims to offer an Uber-like service for trucks. It is planning to streamline India’s logistics industry through a marketplace that connects shippers and carriers for inter-state, inter-city, […]
Gateway Distriparks (GDL), an Indian logistics company, has agreed to acquire 99.92% shareholding of Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL) from its majority shareholders for INR 156 crores. The majority shareholders include Apollo LogiSolutions, Kashipur Holdings, and India Glycols. The outstanding 0.08% shareholding in Kashipur Infrastructure and Freight Terminal will be purchased by […]
Snowman Logistics has launched fifth-party logistics (5PL) services in the cold chain logistics and supply chain management sector in India following the rise in international trade and e-commerce activities. In addition to current third-party logistics (3PL) services of transportation and warehousing, the cold chain logistics company will now offer distribution and consolidation services, including sourcing […]
Hapag-Lloyd, a German container liner-shipping company, has agreed to acquire a stake of 49% in Spinelli Group, an Italian logistics group, for an undisclosed price. The stake will be acquired from existing shareholders of Spinelli Group. The remaining 51% stake in the Italian logistics company will be held by the Spinelli family. In business in […]
Hero MotoCorp, an Indian motorcycles and scooters manufacturer, has roped in Accenture to help in the transformation of its supply chain transformation. Accenture will be responsible for scaling up and boosting Hero MotoCorp’s future-ready supply chain. According to Accenture, the transformation program will include planning optimization, supply chain strategy, optimization of logistics costs, and development […]
Infosys said that it has been engaged by Global Express, an Australian express logistics business, to separate the technology landscape after its sale by Toll Holdings Ltd. The Indian IT services provider will utilize the established blueprints and tools from Infosys Cobalt for expediting the cloud journey of Global Express. Danny Gravell — Global Express […]