Delhivery, India's largest fully integrated logistics service provider, is expanding its cross-border services with a strategic partnership with Teamglobal Logistics. Teamglobal Logistics, is a leader in the fast-growing ocean freight sector, offering transportation services between all major international cargo centers using a combination of land, sea and air modes.
This strategic partnership will provide an expanded reach of 120+ countries for Delhivery's Less than Container Load (LCL) service. Delhivery, in turn, will enable in-land services of its Part Truckload (PTL) shipping solution within India to Teamglobal with its reach of 18,700+ pin codes.
This integrated network of express and freight solutions supported by tech-enabled tracking, in-house regulatory clearance support and dedicated customer servicing will support growth for businesses looking to trade internationally - both importers as well as exporters.
This partnership provides an integrated solution to the traditional problem of Indian businesses who deal with multiple service providers to arrange their cargo transportation originating and going to global destinations, and vice versa. This also addresses the struggle of businesses seeking a national level service provider to support their ground transport requirements.
Navneet Khandelwal, Senior Director - Global Operations at Delhivery, said, "We are thrilled to partner with Teamglobal who are leaders in the Less than Container Load shipping and pass the benefits of this partnership to our enterprise and SME customers across India."
Sujit Baral, Vice President at Teamglobal, stated, "Delhivery's extensive coverage ensures that we service almost any inland point in India via the largest Part Truckload network to create a superior last-mile experience for our customers. We look forward to the partnership given our mutual ground for process excellence and technology-enabled customer experience."
Shares of Delhivery Limited was last trading in BSE at Rs. 421.10 as compared to the previous close of Rs. 413.25. The total number of shares traded during the day was 56108 in over 1541 trades.
The stock hit an intraday high of Rs. 429.80 and intraday low of 411.05. The net turnover during the day was Rs. 23746340.00. |
