Allcargo Logistics Aims to Slash Costs by ?30 Million in FY24

04 Jan 2024 CW Team

In a strategic move to enhance operational efficiency, Allcargo Logistics, a prominent player in the logistics sector, has announced ambitious plans to curtail costs by ?30 million during the fiscal year 2024. This cost-cutting initiative reflects the company's commitment to adapt to the evolving market dynamics and streamline its financial structure. The comprehensive plan encompasses various aspects of the logistics chain, including optimization of supply chain processes, resource management, and technological integration. Allcargo Logistics aims to leverage advanced technologies and data-driven solutions to achieve these cost reductions without compromising the quality and reliability of its services. The company's proactive approach to cost management is driven by a meticulous analysis of market trends, global economic conditions, and emerging challenges in the logistics industry. By implementing these cost-cutting measures, Allcargo Logistics anticipates not only bolstering its financial resilience but also staying ahead in the competitive landscape.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

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BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

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L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..