Allcargo Logistics Ltd has announced a fall in its Less-than-Container Load (LCL) volumes during February 2025, with overall volumes at 604,000 cubic meters from 679,000 cubic meters in February 2024. This is an 11% year-on-year fall, indicating continued struggles in the international logistics and shipping sector.
Major highlights:
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February 2025 LCL volume: 604,000 cubic meters (from 679,000 cubic meters in February 2024)
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Decline due to changing market conditions and fluctuations in ocean freight rates
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Follows Q3 FY25 performance wherein LCL volumes increased by 2% YoY, reflecting mixed trends
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Allcargo remains committed to growing its Full Container Load (FCL) and contract logistics businesses
In spite of the decline in LCL volumes, Allcargo continues to focus on consolidating its market position. The company is using its global reach and technological investments to evolve with changing market conditions and maintain growth in its business segments.
Sources: Allcargo Logistics Regulatory Filing, ITLN, Moneycontrol, March 20, 2025