Tiger Logistics, India’s leading global logistics solutions company, has launched CUBOX, an innovative Less-than-Container Load (LCL) consolidation service focused on providing effective solution for LCL export and import to forwarders and logistics companies. CUBOX aims to meet the rising demand for cost-effective and reliable international ocean freight services, especially in India’s LCL market.
Tiger Logistics has hired a specialized team with a dedicated office space in New Delhi, including senior management positions with a strong background in handling LCL sales and operations. With CUBOX, Tiger Logistics aims to generate an annual revenue of INR 100 crore+ by tapping into the B2B markets in Western India, Northern India, and expanding further to the South.
“CUBOX will unlock new revenue streams, supporting Tiger Logistics' long-term growth trajectory and enhancing our competitive edge in the global logistics sector,” said Harpreet Singh Malhotra, CMD, Tiger Logistics.
With the growing demand for flexible and cost-effective shipping solutions, CUBOX aims to bridge the gap between forwarders and shippers by providing efficient, consolidated freight options. Focused on operational efficiency and enhanced customer experience, CUBOX offers a smarter way to ship smaller volumes with optimized freight rates in the fragmented LCL market, which is currently dominated by a few key players.
“The LCL market offers a dynamic avenue for growth, and CUBOX is excited to seize this opportunity. As businesses increasingly seek tailored and efficient solutions, we are committed to leveraging our expertise to reshape the B2B international logistics landscape. This expansion not only enhances our service portfolio but also positions us to meet the evolving demands of the market, driving innovation and long-term success,” Kishan Chand, VP, Sales at CUBOX by Tiger Logistics said.
Expansion and Growth in India’s LCL Market
India’s LCL market is rapidly expanding but remains highly fragmented, with many smaller, unorganized players. Despite this, a few key players continue to dominate the sector. CUBOX aims to fill this gap by offering a customer-centric, technology-driven approach to consolidation services, positioning itself as a young and agile brand under the Tiger Logistics umbrella.
CUBOX will play a significant step in capturing a significant market share of LCL shipments in India, while offering greater competition, transparency, and cost savings to businesses. “India’s LCL market is primed for growth, driven by a growing demand for cost-effective and dependable shipping solutions. The dedicated team at CUBOX is strategically positioned to capitalize on this emerging opportunity, offering scalable, flexible Less-than-Container Load services that align with market needs. By leveraging operational efficiencies and driving cost optimization, we plan to capture a sizeable market share in the Indian LCL market,” Malhotra added. In the longer term, Tiger Logistics plans to expand CUBOX’s offerings with teams and offices across global destinations in the Middle East, LATAM (Latin America), and Africa.
