Saturday, August 2, 2025

Allcargo Terminals reports marginal decline in June Container Freight Station volumes

Date:

Logistics operator, Allcargo Terminals Ltd, on Friday (July 11), reported container freight station (CFS) volumes of 48,700 twenty-foot equivalent units (TEUs) for June 2025, marking a 4.5% decline compared to the previous month. The Allcargo Group includes Allcargo Logistics, Allcargo Gati, and Allcargo Terminals.Last month, Allcargo Logistics reported a mixed performance across key business segments for May 2025. Less-than-Container Load (LCL) volumes rose 3% month-on-month to 728,000 cubic metres, though they declined 4% year-on-year due to geopolitical disruptions and trade tensions. Growth was noted across Latin America, Europe, Asia Pacific, and the Indian subcontinent. Full Container Load (FCL) volumes remained stable.

In a strategic move announced in March, Allcargo Group is restructuring its operations to separate international and domestic businesses

. Chief Strategy Officer of the company, Ravi Jakhar, confirmed shareholder approval for the scheme of arrangement.
He stated that within two to three months, the international business is expected to be listed separately, while domestic operations will be consolidated, eliminating subsidy structures.Jakhar also highlighted strong performance in domestic segments, with contract logistics growing 40–50% YoY and the express business expected to outpace the market growth rate of 9%, driven by improvements in both rural and urban economies.

Also Read: Flipkart GOAT Sale: Apple iPhone 16, Samsung Galaxy S24 Ultra among smartphone deals

Shares of Allcargo Terminals Ltd ended at ₹29.26, up by ₹0.56, or 1.95%, on the BSE.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Buzzing Stocks: Underperforming PSU Insurer stock surges 10% after Q1 results

Shares of New India Assurance Company Ltd. gained nearly...

Gold prices edge higher on weak dollar; investors eye US Fed decision

Gold prices inched up on Wednesday (July 30), supported...

Bank holiday today: Are banks open or closed on Saturday, August 2? Check here

Bank Holiday Today, 2 August: Banks all over India...