Brief: Allcargo Logistics Says Lcl Volume For November 2023 Was Marginally Down 0.35% YoY
20/12/2023 13:50
Dec 20 (Reuters) - Allcargo Logistics Ltd ACLL.NS :
* LCL VOLUME FOR MONTH OF NOVEMBER 2023 WAS MARGINALLY DOWN 0.35% YOY
* DEMAND CONTINUES TO REMAIN SUBDUED REFLECTING A TOUGH MACROECONOMIC
ENVIRONMENT
FOR GLOBAL TRADE
* MAJOR DECLINE WAS WITNESSED ACROSS KEY GEOGRAPHIES OF AMERICAS, LATAM AND
EUROPE
* WITNESSED SOME IMPROVEMENT IN APAC LED BY CHINA AND INDIA
* SHIPPING LINES ARE EXPECTED TO AVOID RED SEA UNDER CONTINUED ATTACKS
* THIS WOULD LEAD TO LONGER VOYAGE TIMES ACROSS CAPE OF GOOD HOPE AND CREATE
DISRUPTIONS
* CAN LEAD TO FREIGHT RATE FLUCTUATIONS IN NEAR TERM
Further company coverage: ACLL.NS
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Allcargo Logistics
See all newsBrief: Allcargo Logistics June-Quarter Consol Profit 140 Million Rupees
Brief: Allcargo Logistics To Buy 25% Of Allcargo Group Services
Brief: Allcargo Logistics Ltd Entered Into Agreement For Acquisition Of 25% Of Equity Share Capital Of Allcargo Group Services
Brief: Allcargo Logistics Says Expansion Of Its Logistics Network To Support E Commerce And Quick-Commerce Segments
Brief: Allcargo Logistics LCL Volume For September Down 4% M/M