Mahindra logistics expands warehousing capacity in Nashik
Nashik, Jan 29 (PTI) Mahindra logistics Limited on Monday said it will develop a new 3 lakh square feet warehouse in Nashik where the company has already expanded an existing facility. The company said it inaugurated a 1 lakh square feet unit at its existing multi-client warehouse in Nashik. The new 3 lakh sq feet […] Key Points
ThePrintKaushalya logistics IPO sets price band at ₹71-75 per share, GMP, issue details, key dates, more
Kaushalya logistics IPO price band set at ₹71-75 per share, with a lot size of 1,600 shares. The IPO will open on December 29 and close on January 3. Kaushalya logistics IPO reserves 50% for QIBs, 15% for NIIs, and 35% for Retail Investors. Key Points
mintPlay on faster economic growth; 5 logistics companies with an upside potential of upto 24%
There are many facts about the logistics industry which might surprise many. Just to mention a few, a metal major has such a large fleet of owned trucks that the unit itself can be listed as a separate company and probably would figure in top 5 logistic companies. Second, in logistics, the major share is with the unorganized sector. Third right from a company which restructured its operations by selling some parts of business and then taking over another company to get into micro delivery space. To a company which increased its fleet size dramatically in the post covid era to cater to increased economic activity for auto and metal space. The whole logistics sector has seen a major shake up in the last few years. Key Points
Economic TimesLowering logistics costs to 5-6% of GDP doable: Piyush Goyal
The logistics Ease Across Different States (LEADS) 2023 ranks states on the basis of their logistics ecosystem and highlights the key logistics related challenges. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. Key Points
Economic TimesIndia's logistics cost declined to 7.8-8.9% of GDP in FY22: NCAER
India's logistics costs saw a dip during 2014-15 to 2016-17, from 8.3-9.4% to 7.8-8.8%, due to a faster growth in nominal GDP than in logistic costs, and a fall in fuel prices compared to the earlier period Key Points
mintIndia's logistics cost to GDP is 8-9%: Report
New Delhi [India], December 14 (ANI): Overall logistics costs in India are in the range of 7.8-8.9 per cent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday. The central government has been working to reduce the overall logistics […] Key Points
ThePrintIndia's logistics cost ranges from 7.8 - 8.9 pc of GDP in FY22: NCAER estimates
In 2021-22, India's logistics cost was estimated between 7.8% to 8.9% of GDP, shared by the National Council of Applied Economic Research (NCAER). Secretary Rajesh Kumar Singh of DPIIT revealed this and highlighted the new national logistics policy, aiming to cut costs and boost India's industrial competitiveness. Key Points
Economic TimesGovt likely to come out with logistics cost estimate framework on Thursday
India is set to release a framework to assess its logistics cost, with estimates suggesting it stands at 13-14% of the country's GDP. The government is working on a comprehensive report containing baseline aggregated logistics cost estimates and a long-term logistics cost calculation framework, which has been reviewed by external experts from the World Bank. Key Points
Economic TimesDriver logistics launches Karnataka operations, to invest Rs 525 crore
Driver Logistics, a logistics service provider, has announced the launch of its multi-client warehouse and partial truckload operations in Karnataka. The company aims to position Karnataka as its gateway hub, connecting South India to the rest of the nation. Key Points
Economic TimesOneclick logistics share price debuts at 41% premium at ₹140 on NSE SME
Oneclick logistics IPO lists at ₹140/share, 41.4% higher than issue price. Key Points
mint
Warehousing emerges as high-growth realty assets class in India
In the first half of the year, net absorption or new leases stood at 15 million sq ft in the top eight cities of India. In terms of demand for warehousing, Mumbai, Pune and Delhi-NCR emerged as the top three locations in terms of demand during this period. Key Points
Economic TimesInbound vs outbound logistics: Understanding key differences and optimizing the last mile
With the logistics industry projected to reach a staggering $14.37 trillion by 2028, navigating this complex landscape relies on skillfully managing two critical processes: inbound and outbound logistics. Key Points
FinancialexpressGovt likely to come out with logistics cost estimate by Sept: DPIIT Official
The government is working on a framework to assess the logistics cost in the country and is expected to get a realistic estimate by September, a senior DPIIT official said on Friday. At present, the government is going by certain estimates, which suggest that India's logistics cost stands at about 13-14 per cent of the country's GDP (gross domestic product). Key Points
Economic TimesTransIndia Real Estate to sell stake in logistics parks to Blackstone
TransIndia Real Estate intends to utilize part of the proceeds to to set up logistics parks in Kolkata, Mumbai and Bengaluru. The cash proceeds from this divestment will also strengthen its balance sheet. Key Points
Economic TimesAegis logistics Q4 results: Net profit zooms 48% YoY to Rs. 140 Cr, Board recommends 125% dividend
One of India's largest importers and handlers of LPG, Aegis logistics Ltd. is a leader in integrated oil, gas and chemical logistics. Key Points
mint
Tread the green path: The need to decarbonize the logistics industry
Customer demand is one of the primary drivers for green logistics. As customers become more aware of the environmental impact of their purchases, they are switching loyalties to companies that can provide sustainable options. Key Points
FinancialexpressThe future of e-commerce tech and SaaS logistics in third party logistics companies
The importance of technology is growing as we move towards the future of logistics and e-commerce. Third-party logistics (3PL) businesses are relying increasingly on technology to streamline their operations and raise customer satisfaction. Key Points
FinancialexpressHow MSMEs can leverage data analytics in logistics to optimize operations, reduce costs
Technology for MSMEs: The MSME movement is focused on expansion. They have the biggest challenge in terms of achieving growth because of their inability to provide the product to the appropriate person at the appropriate time. Key Points
FinancialexpressThe logistics of war: How Washington is preparing for a Chinese invasion of Taiwan
As worries about a Taiwan contingency rise, the U.S. military is addressing vulnerabilities, considering Australia as a secure location for equipment storage. However, critics argue that more urgency and funding are needed to enhance the dispersed logistics approach in the face of evolving geopolitical challenges. Key Points
Economic TimesMahindra logistics announces sale of entire 39.79 per cent stake in TLPL
India Business News: Mahindra logistics on Wednesday announced the sale of entire 39.79 per cent stake in its associate company Transtech logistics Pvt Ltd (TLPL). Post co Key Points
Times Of India
Benefiting from higher GDP growth: 5 logistics companies with upside potential of up to 45%
The whole logistics sector has seen a major shake-up in the last few years, right from tech aggregators who came into the scene with a promise to disrupt, challenges that Covid brought on the table to a phase where oil prices become a pain point for margins. After all the challenges, the sector has emerged stronger as some companies restructured their operations to stay profitable. There are many facts about the logistics industry which might surprise many. Just to mention a few, a metal major has such a large fleet of owned trucks that the unit itself can be listed as a separate company and probably would figure in the top 5 logistic companies. Last year at one point of time, the market cap of one single company was higher than the market cap of all the private sector companies put together and interestingly that company was in the red. Key Points
Economic TimesSingle app in works to track cargo across sea, land & air
India is set to launch a track-and-trace app that will enable companies to monitor the live movement of cargo across all transportation modes, including land, rail, sea, and air. More than 700 companies, including those in courier, logistics, shipping, and manufacturing, have signed up for the app developed by the National Industrial Corridor Development Corporation. Key Points
Economic TimesIndia's Mahindra logistics swings to loss on higher costs, weak demand
India's Mahindra logistics (MALO.NS) swung to a loss in the first quarter on Monday, hurt by higher expenses and lukewarm demand. Key Points
ReutersStock Radar: Down 50% from highs, this logistics stock is showing signs of trend reversal; time to buy?
Shares in logistics firm Delhivery have fallen by half since July 2022, but have risen over 21% in the past three months. After hitting an all-time high on July 21, 2022, the stock failed to maintain momentum, falling to a low of Rs 291 ($4) in January 2023. However, it began to show signs of recovery after January. Key Points
Economic TimesMahindra logistics share price rallies 4% ahead of final dividend payout; Vaishali Parekh recommends buying
Mahindra logistics saw heavy buying ahead of its dividend payout next month. The company is set to pay a final dividend of ₹2.50 per share for FY23, with a face value of ₹10 each. The dividend payout is 25% of the face value. Key Points
mint
Career opportunity in air transport and logistics in India
The Indian aviation sector is expected to generate over 1.5 million jobs in the next ten years. Key Points
FinancialexpressPlay on higher GDP growth; 7 logistics companies with an upside potential of up to 53%
Logistics is a very broad term, right from warehousing companies to goods transporters all form part of this chain. But if one looks at the listed space in India, it is transportations companies which dominate. logistics as a sector has seen many headwinds both in terms of operations and structural challenges. Any sector which goes through this phase tends to bring out clear winners and that is when we tend to see a re-rating. It is a sector which is direct play on the economic growth of a country. The reason, if the economy is doing well, more goods will be produced and they will have to be transported and that is why in large developed economies, logistic companies form part of a very important transportation index. Given the recent GDP numbers have been better than expected and it is projected that for the next couple of years India would be the fastest growing economy, the logistic sector is likely to remain in focus. Key Points
Economic TimesIndia's Mahindra logistics posts third straight quarterly loss as expenses rise
Indian freight carrier Mahindra logistics (MALO.NS) on Monday reported a loss for a third straight quarter, hurt by mounting expenses and muted demand. Key Points
ReutersPakistani ecommerce logistics startup Rider looking to acquire BlueEx
Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx (UNIV.PSX) the only listed Express Courier logistics Company in Pakistan, it told Reuters on Thursday. Key Points
ReutersIndia to push for creation of Artificial Intelligence-based portal at G20
“An international body such as the UNCTAD could house it”, a senior government official said. The discussions are at initial stages but the attempt is to push for tangible outcomes that can provide some solution, the official added. It will attempt to push some of these issues at the upcoming meeting of the Trade and Investment Working Group, to be held in June Kewadiya in Gujarat. Key Points
Economic Times
UK’s SRAM & MRAM Group to invest $100 million in SpiceXpress; signs MoU
SpiceXpress, the cargo division of SpiceJet, announced that UK-based SRAM & MRAM Group will invest $100 million in SpiceXpress and logistics Pvt. Limited. Key Points
The Indian ExpressAmazon's logistics workers in Spain plan Cyber Monday walk-outs
Spanish union CCOO on Monday called on 20,000 warehouse and delivery workers at Amazon's (AMZN.O) local unit to stage a one-hour strike on each shift on Nov. 27, a date known by retailers as 'Cyber Monday', and the same on the following day to demand better wages and working conditions. Key Points
ReutersFinally, the clean-up is over: 6 logistics companies with an upside potential of up to 28%
Logistics is a very broad term, right from warehousing companies to goods transporters all form part of this chain. But if one looks at the listed space in India, it is transportations companies which dominate. logistics as a sector has seen many headwinds both in terms of operations and structural challenges. Any sector which goes through this phase tends to bring out clear winners. We take a look at how analysts have rated companies in this space. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. Key Points
Economic TimesFestive cheer! 6 logistics companies with upside potential of up to 28%
Decline in oil prices from their highs, increased economic activity are tailwinds which logistics companies have been getting for the last two quarters. The third one, the festive season, is getting added at this point of time. While it is tough to make a guess on the oil prices, given the fact that despite the two self imposed cuts in oil production by Saudi Arabia, crude oil prices have still not seen any sustained uptrend. So the probability of a major headwind does not seem to be close by. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. Key Points
Economic TimesIndia's Delhivery says Q1 loss narrowed as demand rose, expenses fell
Indian logistics firm Delhivery (DELH.NS) on Friday reported a narrower quarterly loss helped by a rebound in demand for online shopping and lower operational costs. Key Points
Reuters
Logically yours! 5 logistics companies with upside potential of up to 42%
Decline in oil prices from their highs and staying at a stable level. Increased economic activity are tailwinds which logistics companies have been getting for the last two quarters. While it is a tough task to make a guess on the oil prices, given the fact that despite the self imposed cut in oil production by Saudi Arabia, crude oil prices have still not seen any sustained uptrend. So the probability of a major headwind does not seems to be close by. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. Key Points
Economic TimesDelhivery shares soar 7% as 1.8 crore shares exchange hands; reports suggest Carlyle offloads stake
Delhivery stock price skyrockets 7% as 1.8 crore shares of the internet logistics firm exchange hands in early trade. Key Points
FinancialexpressShifts in global supply chains and sourcing to benefit India: APM Terminals CEO Keith Svendsen
In an interview to ET, he said inventories had begun to normalise with the easing of the pandemic and restocking should begin by the end of the year. On India plans, he said APM Terminals, part of Maersk Group, plans to invest about ₹3,500 crore in its Pipavav port, but a large part of the proposed capex is subject to extension of the port lease. Key Points
Economic TimesGovt plans to set up helipads, drone landing facilities along national highways: Nitin Gadkari
According to an official release, the Minister for Road Transport and Highways said that NHAI is developing world-class 'Wayside Amenities (WSA) at more than 600 locations along the National Highways. Apart from basic facilities like good toilets, parking and restaurants; these wayside amenities will also have dormitories for truck drivers, facilities for charging electric vehicles, and trauma centres, among others, he said. Key Points
Economic TimesWelspun One announces joint venture with GRT Group in T.N. for two warehousing projects on NH16
The GRT Group has partnered with Welspun One logistics Parks (WOLP), an integrated fund and development warehousing platform, to develop two Grade-A warehousing projects in Tamil Nadu. WOLP is the warehousing platform of the USD 2.3 billion global conglomerate, Welspun Group. Key Points
The Hindu
India raises its logistics game, rises six spots on World Bank Index to 38
India climbed up six places in the World Bank's Logistic Performance Index 2023, as investments in soft and hard infrastructure as well as technology helped the country improve its port performance. India is now ranked 38 in the 139 countries index, up from 44 in 2018, said a report Friday. Key Points
Economic TimesOn target: Auction of 6-7 multi-modal logistics parks
According to senior road, transport and highways ministry officials, 6-7 MMLPs will be bid out next fiscal with each entailing private investment upwards of ₹700-1,000 crore. Roughly 200 km of critical infrastructure gap projects for port connectivity via road are going to be executed in the fiscal 2023-24, a senior government official told ET, adding that these are being implemented under the larger vision of lowering India's logistic costs. Key Points
Economic TimesSoftBank sells shares worth Rs 954 crore in Delhivery
SoftBank is the largest public stakeholder in the logistics company, holding an 18.42% stake as of December 31, 2022, through its entity SVF Doorbell (Cayman) Ltd. Key Points
Economic TimesAs India makes and consumes more, a new realty sector booms
Blackstone Inc. plans to double its Indian warehouse holdings, reaching 100 million sq ft. DP World, Metro Brands, and Zomato are also investing in the sector. Global investors have poured over $10 billion into the warehouse sector, with more capital expected in the coming years. Key Points
Economic TimesIt is inexplicable that the ‘empty mile’ issue is not solved
The transportation and logistics industry faces inefficiencies due to "empty miles" - the distance a freight truck travels with no cargo - accounting for nearly 20% of road freight transport in Europe in 2020. Carriers are attempting to improve network planning, but some shipments are one-way only, leaving trucks to return empty. The solution could be a digital public infrastructure (DPI) similar to India's Unified logistics Interface Platform, which could identify transport vehicles returning unladen and match them with consignors looking to transport their goods. Private companies are already addressing this issue, but a population-scale DPI accessible through open protocols could solve the problem. Key Points
mint
SpiceJet hives off cargo and logistics business into separate entity
SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity -- SpiceXpress and logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. Key Points
Economic TimesLingotto buys additional 16.5 percent stake in TVS Industrial and logistics Parks
International Business News: Investment management firm Lingotto has acquired an additional 16.5% stake in TVS Industrial and logistics Parks, bringing its total stake to 21%. TVS Key Points
Times Of IndiaThe Russia-Ukraine war may become a testing ground for AI
Artificial intelligence (AI) will have a major impact on warfare and geopolitics, with potential benefits including reducing collateral damage, providing detailed strategic targeting information and aiding logistics. AI could also be used in psychological and information warfare, back office activities and cyber attacks, potentially becoming the most dangerous attribute. The Pentagon is urged to refine its implementation of AI in the Ukrainian campaign to fully understand the impact on the conduct of war. Key Points
mintFestive cheer with minor headwinds; 6 logistics companies with upside potential of up to 38%
Last weekend, when the situation in Israel emerged. First thoughts on the street was that a sharp rise in the crude oil price is inevitable. Initial reaction was pretty much on the same line, however that spike did not sustain beyond one day. Is that an indication that the crisis in the most oil sensitive part of the world was not able to push oil prices higher than what would make them rise. While the whole of the Indian economy would like oil prices to stay low, one sector which would like it more than any other sector is logistics. Especially in the midst of the festive season. Key Points
Economic Times