Allcargo Logistics Sees Steady Growth in July 2024 Operations

Allcargo Logistics Limited, one of the key players in the global logistics industry, recently released its International Supply Chain Solutions (ISC) operational update for July 2024. The update showcases steady growth in both Less than Container Load (LCL) and Full Container Load (FCL) operations.

In July 2024, LCL operations recorded a volume of 8,18,000 cubic meters, matching the company’s highest-ever monthly volume, previously achieved in August 2022. This represents a 6% rise compared to the previous month and a 5% growth over July 2023.

The rise in LCL volumes is attributed to improved global trade conditions and the company’s ongoing growth initiatives. Allcargo Logistics expects this momentum to continue throughout the year. Additionally, the surge in volumes is likely to keep freight rates high until the end of the peak season. Significant volume increases were observed across major regions, including the USA, Latin America, Europe, Asia Pacific, and the Middle East.

FCL operations also performed well in July 2024, with volumes remaining stable compared to the previous month and reflecting a 7% growth compared to July 2023. Despite overall flat volumes in this segment, there were marginal declines in regions like China, Vietnam, and Mexico, balanced by growth in India, Turkey, and the UAE.

These operational updates highlight Allcargo Logistics’ strong position in the international logistics market, driven by its strategic initiatives and adaptability to global trade dynamics. The company remains optimistic about maintaining this growth trajectory in the coming months.

About Allcargo Logistics Limited

Allcargo Logistics offers integrated logistics solutions and provides specialised logistics services for multimodal transport operations, contract logistics operations, container freight station operations, inland container depots, and project and engineering solutions.

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