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Sep 1, 2008

LOGISTIC NEWS * India - Future Group arm to set up 4 cargo consolidation hubs

Mumbai,India -The Economic Times, by Sumantra Das -1 Sep, 2008: -- Future Logistics Solutions (FLSL), the supply chain and logistics arm of Kishore Biyani’s Future Group, has undertaken major initiatives in the transportation vertical. The move is initially aimed at catering to in-house demand, but later will be expanded to others... The company has decided to set up four major cargo consolidation hubs across the country... Also, the company will increase its transportation capacity with specially design vehicles for volumetric transport. FLSL CEO Anshuman Singh said the transportation will become a special business unit (SBU) for FLSL and targets business of Rs 500 crore in three years...

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