Allcargo Logistics’ less than container load (LCL) volume for the month of August 2024 stood at 807’000 cubic meters. This represents a growth of 5% as compared to last year and a marginal decline of 1% as compared to last month. Volumes are expected to remain upbeat till Q3 (calendar year) of 2024 after which the company expects some impact on account of Golden week in China.
Ocean freight rates have now stabilized but are significantly higher as compared to last year. An increase in volume was witnessed in Latin America, Europe and Middle East. A marginal decline was witnessed in USA, Asia Pacific, and India. Container utilization has improved on the back of increase in volumes.
Its Full Container Load (FCL) volume for the month of August 2024 stood at 56’000 TEUs registering its highest ever monthly volume. This represents a growth of 10% as compared to the last year and 4% as compared to previous month. The growth in FCL volumes is driven by higher volumes in Latin America, Middle East and Asia Pacific.
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.
Company Name | CMP |
---|---|
Allcargo Logistics | 50.02 |
TVS Supply Chain Sol | 171.60 |
Container Corp | 775.95 |
Mahindra Logistics | 371.75 |
Transport Corp. | 1107.00 |
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