Allcargo Logistics Limited has released its operational performance for November 2024, highlighting growth across its key segments: LCL, FCL, and Air operations.
LCL volumes continued to exhibit steady growth, marking a year-on-year (YoY) increase for the fourth consecutive month. The volume stood at 7,18,000 cubic meters in November 2024, slightly higher than the 7,14,000 cubic meters in November 2023 but lower than the 746,000 cubic meters recorded in October 2024.
Stable demand levels, aligning with operating capacity, supported consistent rates. The company stated that the healthy demand is expected to persist through the Lunar New Year. Regionally, LCL volumes grew month-on-month (MoM) in Latin America, the USA, Canada, China, and Hong Kong, while experiencing declines in Europe, the Middle East, India, and Asia Pacific (excluding China and Hong Kong).
FCL volumes for November 2024 reached 54,000 TEUs, showcasing a 9% YoY growth. However, this represents a 6% decline compared to October 2024. Despite the MoM decline, FCL volumes demonstrated YoY growth across all regions, highlighting the robust demand for containerised cargo.
Air cargo volumes displayed significant growth, reaching 2,806,000 kilos in November 2024. This reflects an 11% YoY growth and an impressive 13% MoM increase. Regional growth was observed in the Asia Pacific, Middle East, India, and the USA, driven by strong demand for air freight services.
On December 27, 2024, Allcargo Logistics share price opened at ₹49.70, touching the day’s low at ₹48.86, as of 9:36 AM on the NSE.
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Published on: Dec 27, 2024, 9:40 AM IST
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