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Snowman Logistics reinitiates expansion plans at three locations

Integrated temperature-controlled logistics service provider Snowman resumed expansion plans at three new locations on Wednesday. The share buyback stopped after the deal was signed. Gateway Distributions Limited (GDL), its promoter, recently concluded a share buyback deal to sell its 40.25 percent stake in Snowman Logistics to Adlogistics for Rs 295.92 crore. Snowman is the largest […]

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Inland logistics players’ volume may fall 10-15% in current financial year: India Ratings

Even because the government has announced a few relief inside the lockdown, inland logistics companies’ volumes is in all likelihood to fall 10-15 in keeping with cent inside the monetary yr 2020-21 as the consumption call for ought to take a longer time for recuperation, in step with India Ratings. According to the organization, operational healing for logistics gamers can be sluggish and extended over 2020-21, as against a pointy V-shaped restoration. While the extent of inland logistics players is predicted to be down by means of 10-15 according to cent yr-on-year in 2020-21, the first sector of the year is probably to look a 40-60 in line with fall because the lockdown has been extended until May 3. “The quantity decline will be asymmetric across the flee chain, with […]

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