India Road Freight Transport News

Recent industry report about India Road Freight Transport company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Road Freight Transport Market industry experts.

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India Road Freight Transport News

  • October 2023: CJ Darcl Logistics, a diversified logistics company, and Tata Motors signed a memorandum of understanding (MoU) to strengthen CJ Darcl’s fleet of vehicles and explore options of logistics services.
  • September 2023: Shreeji Translogistics Limited (STL) one of the large integrated national logistical solution providers in India, has entered into contract with DHL Express (India) Pvt. Ltd. for providing courier cargo under bonded trucking services.
  • August 2023: Maersk is expanding its fleet of electric vehicles to over 500 for deployment across 26 cities covering first, middle, and last-mile distribution for one of the top e-commerce platforms in India. The expansion ties with Maersk’s ambition to become net zero across businesses and provide customers with 100% green solutions by 2040.
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  • September 2023: DHL Express initiated shipping operations this week from Miami to Argentina, marking a significant step in its cargo-hauling expansion from South Florida to Latin America. The company's strategic move aims to enhance efficiency and reduce delivery times between the two locations.
  • September 2023: In a pioneering move, DHL Express introduced six weekly freighter flights between Miami International Airport (MIA) and Ezeiza International Airport in Buenos Aires (EZE). These flights, operated by DHL Aero Expreso based in Panama, utilize a B767-300 freighter with a remarkable 52-ton capacity per flight. The service includes a stopover in Santiago, Chile (SCL), before making its return journey to the United States.
  • September 2023: The flights were to be conducted on DHL Boeings 767-300; Argentina was the first country in the DHL network to have its aircraft. The aircraft is expected to have a payload capacity of 52 tons. The flights will likely take place six times a week and will connect the United States with Ezeiza Airport as well as the most important hubs of the region. This means that packages and documents can be delivered to various countries in the region within 24 hours, significantly reducing transit times. DHL offers companies high-quality transportation between the USA, Argentina, and the major DHL hubs of the region all year round, without relying on commercial air traffic during peak times.
  • May 2023: EnviAR, Argentina’s new parcel delivery tracking and traceability system, was launched by the Minister of Public Innovation. EnviAR will allow parcel delivery to be tracked and monitored by postal and courier companies, including those that don’t currently have traceability systems in place.
  • February 2023: Unique Logistics International, Inc., a rapidly growing global logistics and freight forwarding company announced the completion of the previously announced stock purchase agreement (the "Purchase Agreement") to acquire all of the share capital in ten (10) of Seller's subsidiaries and affiliates from Unique Logistics Holdings Limited, a Hong Kong corporation, and Frangipani Trade Services, Inc., a United States corporation (collectively, the "Seller").
  • January 2023: Mitsubishi Chemical Group and Mitsui Chemicals, Inc. have initiated collaborative research to standardize and optimize chemical logistics, which underlie both society and industry. The corporations want to gradually roll out activities across a variety of key subjects, with those that can be immediately executed expected to begin this fiscal year. The goal is to lead cross-company activities in the logistics sector of the chemical industry, where companies frequently face similar challenges.
  • October 2023: Sumisho Global Logistics (Thailand) (SGLT), a subsidiary of the Sumitomo Corporation Group's Sumisho Global Logistics (SGL), has begun construction of a logistics warehouse (“the warehouse") in Thailand’s Wang Noi District with a targeting May 2024. The warehouse’s structure with high ceilings and sufficient load-bearing capacity will give the facility a storage capacity of over 10,000 pallets using high-rise racks, enabling efficient operations.
  • March 2023: Kawasaki Kisen Kaisha’s (K LINE’s) company, K LINE CONTAINER SERVICE, based in Thailand, will launch the operation of a new warehouse in the Bang Na district of Bangkok. The new warehouse is located 30 kilometers from Bangkok’s city center, the largest consumption area in Thailand. K Line said the new facility will handle e-commerce goods, and instead of sending products on a per-pallet or per-case basis, it can now dispatch products on a per-item basis.
  • March 2023: Lineage Logistics, a prominent player in the temperature-controlled industrial Real Estate Investment Trust (REIT) and global logistics solutions sector, inaugurated its new Southern Europe headquarters in Madrid, Spain. This milestone further solidifies Lineage's presence in the region following its strategic acquisition in September 2022 of Grupo Fuentes, a key player in Spain's transport and cold storage logistics.
  • February 2023: Savills Investment Management successfully concluded the acquisition of a portfolio comprising three last-mile distribution warehouses previously owned by Roebuck Asset Management and GFH Financial Group. The acquisition was made on behalf of Savills Investment Management's discretionary logistics fund. It included properties situated in Alicante, Murcia, and Valladolid, covering a combined warehouse Gross Leasable Area (GLA) of 23,220 square meters. The Alicante property, strategically located in the established logistics area of Mercalicante, positioned 4 km west of Alicante city, caters to a population of 300,000 residents.
  • July 2023: MSC Mediterranean Shipping Company is the first shipping company in the world to launch ID-based container pick-up. This technology allows MSC containers to be released for transport using ID and biometric data rather than a PIN code, improving security across the supply chain. The project is now entering the final phase of its rollout, the objective of which is to enable a 100% PIN-code-free, secure process for container release.
  • January 2023: Sunswap, a British cleantech engineering firm, is pleased to announce a new relationship with TIP, a well-known caravan rental company. Sunswap will supply the leasing giant with zero-emission transport refrigeration units (TRUs) to sell to their customers this summer. Who are the fleet operators in the United Kingdom (Culina, Tesco, Sainsbury's)? The Transport Refrigeration Units (TRU), the latest potential innovation for emission-free refrigerated trailers, are powered by solar energy.
  • November 2022: ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a leading global container liner shipping company based in Haifa, Israel, chose ORBCOMM's industry-leading fleet management platform, ReeferConnect, for remote monitoring of their refrigerated containers. ORBCOMM displayed its full Reefer Connect platform, supporting all marine assets ranging from refrigerated and dry containers to chassis and boats in Booth D32 at Intermodal Europe in Amsterdam from November 8-10, 2022.
  • March 2023: Maersk introduces an API-enabled reefer system with a shareable datalog. Moving perishable commodities around the world is a difficult task, especially when it comes to cargo like fruits, meat, and medication. These are susceptible to changing transit conditions. Maersk's refrigerated containers - equivalent to hundreds of thousands of units - are connected to Maersk's Remote Container Management system. It tracks the conditions within the reefers to ensure ideal conditions for moving sensitive cargo from A to B.
  • February 2023: The Port of Savannah will build seven container racks in its Garden City Terminal to increase available refrigerated and frozen warehouse space by 11% to more than 2.2 million sq ft by 2023. According to a port press statement, the project, which was approved in late January, is priced at USD 6.2 million and will add 3,506 berths to the terminal.

August 2023: Frigomundo cold store announced plans to expand its capacity by 20,000 pallet positions. The expansion will likely be completed in two phases, with the first phase being completed in early 2024. The expansion is expected to allow Frigomundo to meet the growing demand for cold storage space in the Netherlands.

February 2023: HSF logistics announced the expansion of temperature-controlled warehouses in the Netherlands. The company will likely open two new warehouses in Venlo and Rotterdam, adding a total of temperature-controlled storage space. The expansion is in response to the growing demand for temperature-controlled logistics services in the Netherlands.

  • March 2023: The Nigerian government has established specific committees comprising executives from both public and private businesses to build and run airports with cutting-edge cargo infrastructure, which is helping the nation's air cargo competitiveness. The Federal Airports Authority of Nigeria (FAAN) recently established committees to address the primary obstacles that have continued to impede Nigeria's growth of its air cargo infrastructure to increase air cargo traffic and infrastructure. According to experts, Nigeria is possibly at a disadvantage in the developing free trade area known as the African Continental Free Trade Area (AfCFTA) because of several things that could be improved in its air cargo value chain.
  • May 2023: Nigerian exports of agricultural products are expected to see an increase in air cargo shipments. This is because people want to be able to get their food in its original form, without any of the chemicals and preservatives that come with them. According to the Federal Airports Authority of Nigeria (FAAN), Nigeria imports around 131 million tons of air cargo each year but only exports 16 million tons.

March 2023: CJ Logistics announced that it launched an integrated brand called “O-NE” that encompasses all its delivery services that connect sellers and buyers. O-NE embodies CJ Group's “ONLY ONE” management philosophy, which pursues the “first, best, and differentiation.” It also has the meaning of “one delivery solution for all,” including sellers and buyers. In addition, the name also contains the excitement and joy of receiving your delivery package anytime, anywhere regardless of what you've ordered. The logo, on the other hand, symbolizes a shipping box on its way to a customer and contains CJ Logistics’ promise to grow together with customers through innovative, cutting-edge logistics services.

March 2023: Cainiao Network, the logistics arm of Alibaba Group Holding Limited, announced that it has partnered with South Korea’s CJ Logistics, a subsidiary of CJ Group whose business spans four major industries, namely food and beverage, biotechnology, logistics, and entertainment and media, to streamline and optimize cross-border logistics services between China and South Korea. In addition, both parties are in the midst of discussions with AliExpress to establish fulfillment centers in South Korea to further safeguard logistics services for local consumers.

India Road Freight Transport Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030