Page 37 - ITLN July - Aug 2023 for Magzter

News

FM Logistic inaugurates

control tower offering in India CJ DARCL launches EV for
intra-city cargo run

rench contract logistics Jean-Christophe Machet
Fprovider, FM Logistic, said, “At FM Logistic, we are
inaugurated its first Control always willing to adapt to the
Tower (CT) facility in Pune. current market demands.
Control Tower offers The COVID-19 pandemic has
supply chain restructuring, confirmed that it is critical for
transformation & optimisation supply chains to cater to the
through data analysis, network ever-changing needs of the
re-engineering and process business. Our new control tower
automation. Through this solution in India reaffirms our
new offering, FM Logistic commitment to helping our
will provide its customers customers meet their growing J DARCL Logistics has deployed its first
all across the country with business needs efficiently, by Celectric vehicle (EV) for intra-city cargo
centralised transportation offering mutualised solutions transit in Bengaluru.
control tower services that enabling more sustainable and “This is a pivotal moment in CJ DARCL
offer end-to-end visibility. economical supply chains” Logistics' ongoing commitment to
sustainability and its goal of achieving zero
carbon emissions,” reads the release.
Nikhil Agarwal, president, CJ DARCL
Logistics Ltd., inaugurated the pilot run,
emphasizing the company's proactive
approach to environmental responsibility.
The meticulously planned route, carefully
devised by the fleet management team,
ensuring optimal efficiency per charge while
minimizing the ecological footprint. The
deployment of the EV represents CJ DARCL
Logistics' initial step towards embracing
alternative fuels for both short and long-haul
cargo delivery.

Allcargo Logistics completes acquisition of 30%

stake from KWE in Gati subsidiary

llcargo Logistics Limited, solutions. The deal includes
Aa part of The Allcargo purchasing 1.3 lakh shares
Group and a global leader (26 percent) from KWE-
in multimodal logistics Kintetsu World Express
solutions has completed (S) and 20,000 shares (4
the acquisition of 1.50 lakh percent) from KWE Kintetsu
shares, or 30 percent stake, Express India.
in Gati-Kintetsu Express With the conclusion of
(GKEPL) for Rs 406.71 crore. this transaction, Allcargo,
Allcargo’s subsidiary, Gati along with Gati, now holds
already holds a 70% stake in 100% stakes in GKEPL and
GKEPL, which is a leading assumes complete control.
express logistics player in The consummation of this
India, with a presence in transaction is along the
Surface express distribution, line of the SPA signed
Air express distribution, and between the parties earlier
Supply chain management in March 2023.
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