Allcargo Logistics Limited — Important, 25-11-2024: Monthly Business Updates

LCL operations reported a 5% year-over-year increase in volume for October, marking the fourth consecutive month of growth, though month-over-month results showed only marginal gains. Economists project decreased inflation and anticipate demand recovery following the Golden Week festivities. Container utilization remained steady compared to the previous month, albeit 3% higher than the prior year.

In FCL operations, volumes reached a record high, reflecting a 14% increase year-over-year and a 7% rise compared to the previous month, with growth noted across all major regions. Air freight operations also experienced growth, with a 22% year-on-year increase and a 7% month-over-month rise, although volumes declined in most regions except for Europe and Asia Pacific. Overall, Allcargo Logistics demonstrates resilience and positive growth trends, suggesting a favorable outlook for continued demand in the logistics sector.