The logistics industry in India -especially the last-mile delivery system—is experiencing significant growth at present raising expectations of an eventful 2024. An India Brand Equity Foundation (IBEF) report says the logistics market will reach an impressive US$ 380 billion by 2025, with a YoY growth rate of 10%-12%. Moreover, the government is looking to bring down the logistics and supply chain costs from 13-14% to 10% of the GDP. Key players are adopting the latest technologies to enhance customer experience. The logistics sector recognizes the importance of streamlining cargo movement in ..read more

DP World has commenced warehousing operations in Loutulim, Goa. Located 31 km from the Mormugaon Port, 23 km from the Dabolim airport and 25 km from Panjim city, the Grade A warehouse is compliant with all safety standards and provides seamless connectivity to the Goa-Bangalore-Pune highway. The facility is fully compliant for the storage and handling of chemicals and healthcare cargo. With three operating docks and 2620 pallet positions, the 27,512 sq. ft. facility is fully equipped to handle and store chemical products. The new facility provides comprehensive safety features throughout the ..read more

Amazon India announced the launch of ‘Sushruta’, a health and wellness programme for truck drivers. Amazon works with over 350 trucking partners who employ thousands of truck drivers. The initiative aims to prioritize the health needs of these truck drivers, who spend a significant part of their working day on the road. In addition, it will raise awareness about long-term health practices, which will be beneficial to truck drivers and their families. A series of health camps are being organized in Bengaluru, Manesar (Haryana), and other parts of the country for truck drivers, offering screeni ..read more

Delhivery has rolled out a 100% women-led hub in Sikar, Rajasthan and the entire operations of this Sikar hub will be managed by an all-female staff. “This is another step towards Delhivery’s objective of promoting greater enrollment and empowerment of women in the logistics industry and also advancing overall diversity within the company,” reads the release. The company had earlier scaled women's participation at its gateways in Tauru (Haryana), Bhiwandi (Mumbai), and other locations in India. Women already constitute 66% of the total workforce at the processing centre in Tauru. “Following t ..read more

Adani Ports and Special Economic Zone (APSEZ) announced its results for the quarter and twelve months ending 31 March 2024 with FY 2024 net profit increasing 50 percent Y-o-Y to ₹8,104 crore. Cargo handled by Adani Ports in the financial year increased 24 percent YoY to 420 million tonnes compared to 339 million tonnes in FY 2023. Revenue of APSEZ grew by 28 percent Y-o-Y to reach record high of ₹26,711 crore while EBITDA jumped 44 percent Y-o-Y to ₹15,751 crore. For Q4 2024, APSEZ handled ₹108 million tonnes of cargo (26 percent YoY growth) with revenue of ₹6,897 crore (19 percent YoY growth ..read more

Magenta Mobility, an integrated electric mobility solutions provider, and Kuehne+Nagel, a global leader in logistics solutions, announced a strategic partnership to decarbonise road freight in India. Magenta Mobility will offer sustainable electric mobility solutions and Kuehne+Nagel will adopt EVs, marking a significant move in the Indian EV logistics ecosystem. In the initial phase of this partnership, Magenta Mobility will deploy EVs for Kuehne+Nagel's logistics operations across India, according to the press release from Magenta Mobility. A flag-off ceremony was held at Magenta Mobility’s ..read more

Blue Dart Express, part of DHL Group’s DHL eCommerce division, declared its financial results with revenue from operations at ₹5,268 crore, accompanied by a profit after tax of ₹289 crore, for the fiscal year ending March 31, 2024. “This marks sustaining of revenue levels after significant surge observed in post-pandemic period,” reads the release. Revenue from operations for the quarter ended March 31, 2024, is at ₹1,323 crore with a growth of 8.7% and profit after tax is ₹76 crore with a growth of 8.1%, signifying the growth rates getting further momentum in the last quarter vs. full year ..read more

A.P. Moller-Maersk (Maersk) announced that it delivered first-quarter financial results in line with expectations showing a strong recovery in earnings compared to the fourth quarter of 2023. Revenue stood at $12.4 billion compared to $14.2 billion last year while EBITDA decreased from $3.4 billion in Q1 2023 to $1.5 billion in Q1 2024. EBIT decreased to $117 million from 2.3 billion in 2023. “Results were driven by a good performance in Terminals and the combination of higher demand and a prolonged Red Sea crisis. As these conditions are expected to continue well into the second half of the ..read more

WIZ Freight announced the appointment of Jaspreet Singh as the new chief commercial officer, India. “Jaspreet brings a wealth of experience and a proven track record of driving growth and excellence in the logistics sector,” reads the release. In this role, Jaspreet will be responsible for overseeing the company’s commercial strategy and development, enhancing customer relations, and driving innovative solutions to meet the evolving needs of the market. “His strategic vision will focus on expanding WIZ's reach and capabilities across various industries, ensuring that clients receive the most ..read more

FedEx announced its continued association with The Akshaya Patra Foundation, an implementing partner of the PM POSHAN program dedicated to providing nutritious meals to school children in India, by donating seven electric vehicles to The Akshaya Patra Foundation in Panvel, Delhi, and Narsingi. The conversion of fuel-based vehicles to electric vehicles will enhance the efficiency of meal distribution processes, allowing the foundation to allocate more resources towards its core mission of feeding and empowering children at the same time, reducing its carbon footprint. Additionally, FedEx suppo ..read more