Receive FREE Newsletter
Advanced Search
+

News / Allcargo opts for asset-light growth strategy, selling non-core business

Credit Allcargo Project Division
Credit Allcargo Project Division.
By

India’s leading 3PL, Allcargo Group, has begun to sell its non-core businesses.

The operator is looking to drive growth around “asset-light or non-asset” logistics services, a portfolio prominently featuring non-vessel-operating common carrier (NVOCC) and consolidation operations.

Allcargo, parent of ECU Worldwide, yesterday announced the signing of a ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Allcargo Group ECU Worldwide GATI J.M. Baxi Group Lift & Shift India

    Most read news

    DHL Express facilities in Canada forced to shut down by strike

    Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz

    New Middle East conflict brings airspace closures, flight chaos and oil price worry

    Industry concerns rise after yet another box ship on fire off Indian coast

    BYD launches logistics subsidiary – and eyes ports and shipping sectors

    Return of downward pressure on container spot freight rates

    New ocean capacity dump wipes out transpac gains

    Shippers wanting a return to Suez should be careful what they wish for

    China pushes Cosco participation in consortium eyeing Hutchison buy

    A dull airfreight market after front-loading push – carriers desperate for volumes

    Congestion at Chittagong as boxes pile up on docks and ships wait at anchor

    China+1 acceleration as tariffs drive supply chain rerouting

    News in Brief Podcast | Week 24 | Ship fires, geopolitics and DSV drama

    Loadstar Leader: Diversification is built-in in forwarding

    Eastern Europe trade takes off as new air services generate excitement

    Demand for Chinese exports 'a catalyst' for rate increases and port congestion