Cargo Breaking News
According to a report by Shriram Finance Ltd, the heatwave, delayed monsoons, elections, coupled with high interest rates led to stress in rural hinterlands impacting logistics sector in June 2024. Providing details on the current status of the automobile and logistics sector, Shriram Finance in its July 2024 bulletin said that passenger vehicle sales experienced a notable decline of 6.77% YoY. Motor car sales declined by 9%. Truck rentals degree by 2.6% on the Mumbai-Kolkata-Mumbai route but saw a 4.1% increase on the Kolkata-Guwahati-Kolkata route.
Breaking News
- ‘Resistance to change and concerns over data security restrict tech adoption’
- ‘Initial investment to deploy advanced tech is huge, SMBs need financial support’
- ‘Maintaining and upgrading technologies can also increase financial strain’
- ‘Resistance to change reduces adoption of innovative digital solutions’
- JNPA records 11.86% growth in container traffic for Oct
- dnata awarded the first Cargo iQ certified membership
- Alta Capitals acquires 2.5 Mn sq.ft space from Indospace
- Lufthansa Cargo boosts freighter capacity to Mumbai, Chennai
- Qantas Freight, Freightos collaborate to streamline operations
- Warehousing and Logistics market estimated to reach $25.7 Bn by 2031
- Lack of modern infra & heavy taxation hamper growth
