Stories tagged “Logistics.”
30 stories
Shiprocket's FY26 net consolidated losses widened by 6.5% YoY to ₹79.2 Cr while operating revenue grew 24% to ₹2,024 Cr. The startup is aiming for a valuation of around ₹7,000 Cr in its upcoming IPO.
Japanese yen stablecoin issuer JPYC has completed an extension of its Series B funding round, bringing the cumulative total to approximately $38 million (6 billion yen). Logistics group AZ-COM Maruwa Holdings joined as a new investor, with JPYC planning to use the capital…
Germany's new transport minister, Steffen Bilger, is meeting with industry leaders to discuss solutions for the low water crisis on the Rhine. The crisis is affecting the country's economy and logistics.
The Economic Coordination Committee has approved a sovereign guarantee of Rs. 27.6 billion for the Sialkot-Kharian Motorway project, marking a significant step toward advancing one of Pakistan’s key infrastructure developments.
Ukrainian drone strikes killed at least two people in Russian regions along the Volga River and targeted a warehouse belonging to Wildberries, Russia’s largest online retailer, as Kyiv escalates attacks on economic targets.
For the first time in India, a live human heart was transported via the Vande Bharat Express train from Surat to Ahmedabad for a transplant, covering 250 km in 217 minutes.
Meesho's Q1 FY27 earnings call revealed five strategic takeaways, including AI-led seller onboarding, logistics, Meesho Mall, Content Commerce, and its recent acquisition of Kirana Club.
DoorDash is launching a new drone delivery program called DoorDash Air, which has received approval from the Federal Aviation Administration. The company will build its own drones, designed specifically for food delivery, and establish the necessary ground-level infrastru…
Freehand, an enterprise AI startup, has raised $75 million in a Series B funding round to scale its autonomous AI agents, which manage complex supply chain spend and back-office operations for Fortune 500 companies.
The government has directed the National Logistics Corporation (NLC) to expand the Sost Dry Port into a strategic export hub while accelerating efforts to strengthen Pakistan’s regional trade connectivity with China and Central Asia.
Flipkart's Ekart has opened its logistics network to MSMEs, D2C brands, and enterprises through a franchise model, backed by 300+ outlets and over 1 Mn sq ft of warehousing capacity.
IndiaMART will invest ₹65 Cr in Fleetx by subscribing to 4,630 CCPS, increasing its stake in the fleet management startup to 25.8%. The investment reinforces IndiaMART's strategy of expanding its SaaS portfolio beyond its core B2B marketplace through investments in enterp…
Flipkart and Eight Roads Ventures have offloaded Shadowfax shares worth ₹1,654.4 Cr through bulk deals, marking another partial exit by early backers of the listed logistics company.
Ukrainian drone strike ignites major blaze at Saint Petersburg warehouses
A Ukrainian drone strike caused a massive fire at a Wildberries warehouse near Saint Petersburg, disrupting flights at Pulkovo Airport and injuring three people, according to Russian authorities.
Eric Trump-backed Foundation Future Industries is partnering with AMD to develop humanoid robots for military and industrial use. The robots will be powered by AMD's Ryzen AI Embedded X100 Series processors.
RouteCost is a new multi-stage AI framework designed to accurately estimate pre-order shipping costs in e-commerce by accounting for complex factors beyond simple distance. It decomposes the problem into demand forecasting, baseline pricing, residual correction, and box-c…
J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services throughout the U.S. and to destinations in Canada and Mexico. The company has approximately 35,000 employees and its shares are a component of the S&P 500.
Japanese logistics company AZ-COM Maruwa Holdings plans to adopt the JPYC stablecoin to make payments to around 2,300 business partners, allowing faster and more frequent payments.
Amazon is closing another major facility in Florida, affecting nearly 500 employees. The closure follows a separate Amazon facility shutdown in the state that affected more than 600 workers.
Saudi Arabia is investing $252 million to boost its ports on the Red Sea with logistics centers. The move aims to increase the capacity of the ports, improve the efficiency of supply chains, and support the growth of trade and exports.
Meesho, an Indian ecommerce marketplace, generates revenue through services like logistics, advertising tools, and seller-facing services, rather than charging commissions on orders. The company's business model is built around affordability and focuses on smalltown and s…
Alibaba Rushes to Invest, GLP Follows: How Did This HKU Professor Secure Four Rounds of Funding in Half a Year in the Low-Altitude Sector?
SPARO, a six-month-old startup founded by HKU Professor Zhang Fu, has secured four rounds of funding totaling hundreds of millions of yuan, attracting top-tier investors like Alibaba and GLP. This rapid investment highlights a strategic race for the "intelligent foundatio…
FedEx Corp. is a leading international provider of package delivery, e-commerce, and related services operating under. The company has approximately 500 locations worldwide.
Venezuela’s Oil Revival Faces a Critical Services Bottleneck
Venezuela's oil revival is facing a critical services bottleneck, hindering the country's ability to increase oil production. The shortage of essential services such as maintenance, repairs, and logistics is a major obstacle to the country's oil production goals.
Four companies are eliminating nearly 250 jobs at logistics and distribution facilities across New Jersey, North Carolina, Illinois, and California, while nine transportation- and logistics-related companies have recently sought bankruptcy protection.
Low water levels on the Rhine are expected to affect the German industry, particularly in terms of transportation costs and logistics. Economists predict that this will lead to higher transport costs and adjustments to logistics routes.
Togo's President Faure Essozimna Gnassingbé has appointed Kokou Edem Tengue as the new director general of the Autonomous Port of Lomé, a strategic move amidst regional competition and Sahelian turmoil.
The Karachi Port Trust is inviting proposals from private developers to build and operate a new container freight station on port land in Keamari. The station will be built on 4 to 5 acres under a 25-year lease and managed through a public-private partnership.
Jay-Z's recent Yankee Stadium concerts, celebrating his iconic albums, prioritized storytelling and a stripped-down aesthetic over elaborate theatrics, despite featuring a massive screen and surprise guests.
Ukraine creates ‘long-range’ command to step up strikes on Russia
Ukraine is setting up a 'long-range impact' command within its armed forces, targeting key energy infrastructure thousands of kilometers across Russia in what Kyiv casts as long-range sanctions against the primary contributor to Russia's state budget.