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Latest news about Allcargo Logistics

Allcargo Logistics Reports Q1 Results: EBITDA at ₹103 Crore, Anticipates Seasonal Uptick 4 days ago

Allcargo Logistics announced Q1 FY24 results with EBITDA of ₹103 crore, down 19% QoQ. Revenue from operations increased 1% YoY to ₹3,817 crore. The company reported a loss of ₹99 crore, primarily due to a ₹82.78 crore forex loss. LCL volumes grew 3% QoQ, FCL volumes up 6% QoQ. Contract logistics revenue increased 49% YoY. The company expects 8-10% increase in international volumes QoQ for July-September period. Allcargo's subsidiary acquired stakes in Allcargo ULS Terminal and ECU-Line Saudi Arabia LLC.

Allcargo Logistics Reports Q1 Results: Revenue Growth Amid Profitability Challenges 4 days ago

Allcargo Logistics Gains Full Control of Ecu-Line Saudi Arabia with ₹22 Crore Acquisition 10 days ago

Allcargo Logistics Reports 3% Drop in LCL Volume, Expects July Rebound Jul 23, 2025

Allcargo Logistics Streamlines Operations, Dissolves Three Foreign Subsidiaries Jul 18, 2025

More news about Allcargo Logistics

24Jun 25

Allcargo Logistics Reports Growth in Container Load and Air Freight Amid Political Instability

Allcargo Logistics has shown resilience with impressive year-over-year growth despite challenging market conditions. The company reported a 6.30% increase in Full Container Load (FCL) volumes and a 4.40% rise in Air Freight volumes compared to the previous year. This growth comes against a backdrop of ongoing political instability, demonstrating the company's operational resilience and strategic adaptability in the logistics sector.

23Jun 25

Allcargo Logistics Reports Mixed Performance in May Amid Trade Volatility

Allcargo Logistics showed varied performance across segments in May. LCL volumes increased 3% month-on-month but decreased 4% year-on-year. FCL volumes remained stable monthly and grew 6% annually. Air freight volumes rose significantly, up 12% month-on-month and 4% year-on-year. The company expresses cautious optimism amid demand volatility in the global logistics market.

16May 25

Allcargo Logistics to Dissolve Jordan Gulf Subsidiary by 2025

Allcargo Logistics has announced the dissolution of its subsidiary, Jordan Gulf for Freight Services, effective May 15, 2025. This decision is part of the company's strategic realignment of international operations, potentially impacting its presence in the Middle Eastern freight services market. The long lead time before dissolution allows for gradual adjustments to business strategy and operations.

28Apr 25

Allcargo Logistics Reports Mixed LCL Volume Performance in March 2025

Allcargo Logistics' March 2025 operational update shows a 19.87% month-on-month increase in Less than Container Load (LCL) volumes, reaching 724,000 cubic meters. However, this represents a 2.03% year-on-year decrease compared to March 2024's 739,000 cubic meters. February 2025 volumes were 604,000 cubic meters.

25Apr 25

AllCargo Logistics Reports Mixed Performance in March 2025 Operational Update

AllCargo Logistics' March 2025 operational update shows varied results across segments. LCL volume increased 19.87% month-on-month to 724,000 cubic meters, but slightly decreased year-on-year. FCL operations grew 1% year-on-year and 14% month-on-month to 55,374 TEUs. Air operations surged significantly, with 72.21% year-on-year and 79.86% month-on-month growth to 4,171 kilos. Container utilization remained stable, with a 2% improvement in 40-foot container ratio. The company remains cautious about future performance due to ongoing geopolitical uncertainties affecting demand.

08Apr 25

Allcargo Logistics Expands Global Footprint with New Subsidiary in Turkey

Allcargo Logistics has incorporated a new step-down wholly owned subsidiary in Turkey named ECU ESC Turkey Lojistik Hizmet Merkezi Anonim Sirketi on April 7, 2025. The subsidiary has a capital of TL 250,000.00 with TL 62,500.00 paid-up, and is 100% owned by Asiapac Turkey Tasimacilik Anonim Sirketi, another subsidiary of Allcargo. This strategic move aims to enhance Allcargo's presence in the Turkish market and strengthen its global logistics network. The new entity will focus on logistics services, leveraging Turkey's strategic location between Europe and Asia.

03Apr 25

Allcargo Logistics Expands Presence in Asia: Acquires Stakes in Japan and South Korea

Allcargo Logistics has strengthened its presence in Asia through two key moves. Its subsidiary Ecuhold N.V. acquired the remaining 10% stake in ECU Worldwide Japan for $220,000, bringing its ownership to 100%. Additionally, another subsidiary acquired a 5% stake in Allcargo ULS in South Korea for 500 million Korean Won. These acquisitions aim to enhance Allcargo's FCL and LCL business in Japan and South Korea, potentially leading to operational synergies and improved market position in the Asia-Pacific region.

02Apr 25

Allcargo Logistics Expands Footprint in Japan with Full Ownership of ECU Worldwide Japan

Allcargo Logistics' subsidiary ECUHold N.V. has acquired the remaining 10% stake in ECU Worldwide Japan for USD 220,000, bringing its total ownership to 100%. The acquisition, completed on March 31, 2024, aims to strengthen Allcargo's position in the Japanese logistics market. ECU Worldwide Japan specializes in FCL and LCL consolidation services and reported a turnover of JPY 48,465.12 lakhs (approx. ₹297 crore) in 2024. This move is expected to enhance Allcargo's global logistics network and operational efficiencies.

21Mar 25

Allcargo Logistics Reports Decline in LCL Volumes Amid Post-Lunar New Year Slump

Allcargo Logistics Limited experienced a substantial decrease in Less than Container Load (LCL) volumes for February 2025. LCL volume stood at 604,000 cubic meters, marking an 11% year-over-year decline and an 18.5% month-over-month decrease. The company attributed this drop to reduced demand following early Lunar New Year celebrations. Container utilization also dipped, though 40-foot container usage remained 3% higher than the previous year. Full Container Load (FCL) operations saw a 2% year-over-year decline, while air freight operations showed a 10.9% year-over-year increase despite a 17.8% month-over-month decrease.

20Mar 25

Allcargo Logistics Reports Decline in LCL Volume for February 2025

Allcargo Logistics experienced a notable decline in its Less than Container Load (LCL) operations in February 2025, with volume decreasing to 604,000 cubic meters, an 11.04% year-on-year and 18.49% month-on-month drop. The company attributed this to early Lunar New Year celebrations. Full Container Load (FCL) operations also faced challenges, with a 2% year-on-year and 11% month-on-month decline. However, air freight operations showed positive momentum with a 10.90% year-on-year increase. Regional performance varied, with Latin America showing resilience in LCL and growth in FCL, while other regions had mixed results across different segments.

18Mar 25

Allcargo Logistics Streamlines Operations: Subsidiary Flamingo Line Del Ecuador Liquidated

Allcargo Logistics Limited has voluntarily liquidated its step-down wholly owned overseas subsidiary, Flamingo Line Del Ecuador S.A, effective January 27, 2025. The company received official confirmation on March 07, 2025. The liquidated subsidiary had nil revenue from operations and net worth as of December 31, 2024. This move is part of Allcargo's strategic restructuring of its international operations.