Category: Logistics

[ad_1] Brokerage and research firm Elara Capital remains confident on the growth prospects of the core business of VRL Logistics and expect FY22-24E revenue and earnings compound annual growth rate (CAGR) of around 20% each.  The brokerage house has reiterated Buy tag on VRL Logistics shares with a revised target price of ₹780 apiece (from…

[ad_1] The Department for Promotion of Industry and Internal Trade (DPIIT) will hold a series of workshops and deliberations in the coming months with all stakeholders on the recently launched National Logistics Policy, an official said. On September 17, Prime Minister Narendra Modi unveiled the National Logistics Policy that seeks to address challenges facing the…

[ad_1] Maersk completed its US$3.6b acquisition of LF Logistics in late August, taking control of the Hong Kong-based contract logistics company, which will now be rebranded to Maersk. Maersk will add 223 warehouses to the existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5 million square meters.…