Allcargo Logistics climbed 1.44% to Rs 52.90 after its LCL volume for the month of October 2024 reached 7.46 lakh cubic meters (cbm), up 5% from 7.13 lakh cbm in October 2023. Volumes increased somewhat compared to last month. LCL volume increased somewhat month on month in Latin America, Europe, and Asia Pacific but decreased in other regions for the month.
Container utilization had a marginal impact as compared to last month, which is in line with the volumes. However, it remained 3% higher over 12 months ago.
The 40 feet container usage had a marginal impact as compared to last month, which is in line with the volumes. However, it remained 8% higher over 12 months ago.
FCL volume for October 2024 stood at 57,000 TEUs, which is the highest ever. This represents a growth of 14% as compared to last year and 7% as compared to the previous month. FCL volume witnessed growth across all major regions.
Air volume stood at 24.74 lakh kilos, down 22% as compared to last year and 7% as compared to previous month. Air volume witnessed a decline in all major regions except Europe and Asia Pacific.
