Kuehne+Nagel 9-month revenue up 40% at $30.6bn
K+N reported a 55% increase in yields in sea logistics and 38% increase for air logistics. The Kuehne+Nagel Group reported a 40 percent increase in turnover at CHF 30.6 billion ($30.6 billion) for the first nine months of the current financial year (January-September) on a 55 percent increase in yields in sea logistics. EBIT increased […]
Economy-booster National Logistics Policy will give India a global competitive advantage, acting locally
Launched with an aim to promote the seamless movement of goods across India, the NLP will make that happen by improving the competitiveness of Indian goods in global and local markets. At a time when India is trying to become a $5-trillion economy, Prime Minister Narendra Modi on September 17, 2022, launched the National Logistics […]
Shadowfax partners with Shiprocket for same-day and next-day deliveries
In partnership with Shiprocket, Shadowfax is all set to facilitate same-day & next-day deliveries for D2C brands like boAT,Mamaearth, and MyGlamm Shadowfax Technologies, India’s largest crowdsourced third-party logistics platform for last-mile delivery, has partnered with Shiprocket to facilitate same-day and next-day deliveries for D2C brands like boAT, Mamaearth, and MyGlamm. The service will be enabled […]
Cargo traffic growth momentum continues at major ports
Increased handling of POL and coal, and easing of the supply chain globally have helped in the increased cargo handling Cargo handling at India’s major ports continues to be on the growth trajectory as there was an 11 percent increase in traffic in the first half of this fiscal to 384 million tonnes (mt) as […]
Locus granted patent for ML models predict traffic time in last-mile
This is the second patent that the company has secured in 2022. Locus announced that it has been awarded a patent for machine learning models for predicting time in traffic,” the second patent awarded to the company in 2022. Predictability of last-mile deliveries is a logistical challenge that continues to affect businesses across various sectors […]
Mahindra Logistics buys Rivigo’s B2B express biz for Rs 225cr
During FY 2021-22, Rivigo’s B2B express business reported a turnover of Rs 371.3 crore. Mahindra Logistics today announced the acquisition of the B2B express business of Rivigo for Rs 225 crore ($28 million) in cash. “Rivigo operates in two key business segments: Full Truck Load and B2B express business. During FY 2021-22, Rivigo’s B2B express […]
