Allcargo Logistics exploring more buyout opportunities in specific geographies

29 Aug 2022 Evaluate

Allcargo Logistics is exploring more buyout opportunities in specific geographies. The company last year made its second large overseas acquisition, acquiring a 65 per cent ownership in Nordic, the Swedish logistics firm and a market leader in the LCL (less-than-container load) and rail freight consolidation segment in the Nordic region.

The LCL accounts for two-thirds to three-fourths of the business while the FCL (full container load) services the remaining one-fourth to one-third. During the June quarter of this fiscal, the LCL volume growth spiked 70 per cent year-on-year while the FCL volume grew 10 per cent year on year.

Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.

Allcargo Logistics Share Price

50.02 -1.11 (-2.17%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Allcargo Logistics 50.02
TVS Supply Chain Sol 171.60
Container Corp 775.95
Mahindra Logistics 370.80
Transport Corp. 1103.35
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