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The new joint venture will house all the operations of the Nordicon Group, which is the market leader in the LCL (less-than-container-load) and rail freight consolidation segment in the Nordics region

Allcargo acquires 65% stake in Swedish logistics firm Nordicon for $29 mn

31 July 2021 3:05 PM IST

July 31, 2021: Allcargo Logistics on Friday announced its second large overseas acquisition snapping up a 65 percent ownership in a $44 million joint...

The company could achieve robust revenue from operations of %u20B98,648 million during the quarter under review, a resilient financial performance despite very challenging market conditions.

Blue Dart unveils Q1 results with sales clocking in at ₹8,648 million

31 July 2021 1:51 PM IST

July 31 2021: Blue Dart Express declared its financial results for the quarter ended June 2021, at its board meeting held in Mumbai, posting ₹294...

Quick Commerce market, currently led by Dunzo and Swiggy Instamart, has a penetration of 7% in the online consumables market which is expected to become 12-13% by 2025.

Quick commerce to grow 10-15x in 5 years to $5 billion market by 2025

28 July 2021 12:23 PM IST

July 28, 2021: According to the latest report Quick Commerce: A $5 billion market by 2025 launched by homegrown consulting firm RedSeer, the market...

Nilesh Ghule, co-founder and CEO, TruckBhejo

Tech-logistics firm TruckBhejo’s next target is medium enterprise segment

27 July 2021 7:24 PM IST

In an exclusive interview, Nilesh Ghule, co-founder and CEO, TruckBhejo, talks to Indian Transport & Logistics News (itln.in) about the Indian...

The 3PL company registered 113 percent growth in overall quarterly revenue, despite the disruptions due to the second wave of Covid 19.

Mahindra Logistics’ EBITDA grows to ₹47 cr in Q1 FY22; revenue at ₹873 cr

27 July 2021 6:41 PM IST

July 27, 2021: One of India’s large 3PL solutions providers, Mahindra Logistics (MLL), today announced its consolidated financial results for the...

Both current and former employees will be able to vest their stock options. This is the second such buyback by the company.

Locus assigns $4 million for its ESOP buyback

27 July 2021 11:00 AM IST

July 27, 2021: The future-ready platform that automates supply chain decisions, Locus, today announced that it has designated $4 million for its ESOP...