Part Truck Load Market in India: Waiting for a rejig?
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Part Truck Load Market in India: Waiting for a rejig?
The Indian road freight transport market constitutes a share of 85% of the entire logistics sector and is expected to grow at a CAGR of 6% during 2022-2027. It went through severe ramifications during the pandemic with only about 20% of the country’s fleet of trucks being allowed to operate during the first-ever lockdown. The damage trickled further with subsequent ones. The Indian freight industry is today akin to a jigsaw puzzle – waiting for perfect fits among the several oddly shaped scattered pieces of suppliers and buyers rather, than truckers and shippers, for the ideal interlocking or optimized operation.
Indigo looks to scale up its all-cargo operations, to add second cargo aircraft by December
Looking to tap the potential of the cargo segment in India, IndiGo will strengthen its cargo operations later this year by introducing another aircraft to support its freight business. The airline has plans to include a total of four converted A321 aircraft. By December, IndiGo will induct another Airbus A321P2F (Passenger To Freighter) aircraft supporting its all-cargo operations. The first of such planes joined the carrier’s fleet in September, and three more will join progressively over the coming months.
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V-Xpress inaugurates a new state-of-art facility in Changodar, Ahmedabad.?
V-Xpress is a fast-growing express cargo company in India catering to a gamut of industry segments and it is currently growing at a pace of over 40% YoY. V-Xpress is serving varied industry-based manufacturing clients for 20 years, with a committed and skilled team, which has the expertise of handling cargo for various industries with care and effectiveness and the customized solution that clients need. Powered with technology, an expansive network, an advanced fleet, and agile management practices, V-Xpress, offers a faster and damage-free movement of goods with visibility throughout the material journey.
Indian Freight Forwarding Market to grow at 3.3% to reach USD 8 bn by FY26P: Report
PGA Labs, a technology-enabled business research and intelligence services firm, recently launched a report that identifies developments in the Indian freight forwarding segment and covers the various business models existing in this space. The report has predicted a positive growth of 3.3% for the Indian Freight Forwarding Market and says that it is poised to reach USD 8 billion by FY26.
Blume Global launches Blume CarrierGo in India.
The Indian supply chain is a complex ecosystem and is highly dependent on both small and large players to ensure that goods are delivered, and consumers’ demands are met.?Within this ecosystem, small trucking companies are integral players that are often struggling to meet these expectations and even stay in business.?As digitization becomes more accessible, customers no longer want to deal with paper and manual processes that take up their time and resources.