According to our report “3rd Party Logistics Market in India”, country’s 3PL market is set for stupendous growth in the coming years as the companies need to strengthen their supply chain management and increase their market penetration.

Want to grab a bite? How about a trip to the truckstop outside town? For those who think truckstops are grimy down-at-heel places, the Hyderabad Metropolitan Authority (HMDA) is planning a makeover, building two Logistic Parks replete with dhabas, cafeterias and restaurants cheek-by-jowl with truck workshops, petrol pumps and weighbridges.

Retail giant Wal-Mart, still limited by rules barring multi-brand foreign retailers in India, expects supply chain woes to make fast expansion in the country difficult, the chief of its Indian joint venture said.

Mahindra Group, which recently completed the acquisition of two Australian companies, Gippsland Aeronautics and Aerostaff, today said it is aiming to penetrate into the global aerospace supply-chain with leading players in aerospace.

Logistics firm AFL is likely to get at least $1 Million (Rs.100 crore) from a U.S. private equity (PE) firm for a minority stake.

‘Agarwal Packers & Movers, the leading packers and movers company in India is credited with many inventions of equipments and accessories that has redefined logistic services in India.’

Effective management of supply chain can ensure cheaper quality products to end-users.

The park named ‘Logicity’ is being set up by Shri Kailash Logistics which has its headquarters here.

According to our report “3rd Party Logistics Market in India”, country’s 3PL market is set for stupendous growth in the coming years as the companies need to strengthen their supply chain management and increase their market penetration. The 3PL market is expected to grow at a CAGR of 25% during 2010-2012.

A steel fall in Baltic Dry Index in London weakened shipping and logistics stocks on the Bombay Stock Exchange (BSE) on Wednesday, July 07, 2010.