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Logistics firm Rivigo to treble truck fleet to

3000 New Delhi, Might 18 (PTI) Eyeing a bigger market share, logistics solutions company Rivigo is banking on ‘driversrelay system’ for faster shipment of products and is looking totake its trucking fleet to 3,000 this fiscal. The firm, which has a fleet of 800 trucks, asserts thatbased on its ingenious ‘motorists relay system’, truck loadsare delivered to Chennai from Delhi in 2 days rather ofconventional 8 days. “Logistics is one of the largest markets– more thanUSD 100-billion size– and there is enough to do in thismarket … we began working on the ‘Motorist Relay Model’in which we change over the motorists after every couple of hundredkms … This enhances the turn-around time and service levels,”Rivigo CEO Deepak Garg stated in a statement. Garg, who is an alumnus of IIT Kanpur and IIM Lucknow, isa previous McKinsey & Co. expert. He stated the business is considering to occupy the leading slot inlogistics market as its innovative relay design for motorists hasnot just facilitated their return to home the exact same day butensured the truck kept on moving, leading to a faster andefficient shipment of items. By drivers relay, the business made sure drivers got backhome on the exact same day (or within 24 hours) and thereby, saved50-70 per cent of the turn-around time on long-haul routes. He even more stated to tap the opportunities in the sector, Rivigo plans to increase current network of 41 truckingpitstops and a similar number of processing centres to over200 across the nation over the next 12 months. “We also expect to broaden our trucking fleet size from itscurrent 800 to between 2,500-3,000 over the very same duration. Inthe next 3 years, we absolutely want to see Rivigo as amainstay logistics provider, a leading logisticsplatform in the nation,” he said. He stated Rivigo has already won major offers from playerssuch as Abbott, Hero MotorCorp, ITC and Lupin for transportingtheir items, it has also begun transporting spare partsfor Hero MotoCorp from Neemrana factory to all across India,”Garg asserted. India’s logistics sector is poised for sped up growth, led by GDP revival, increase in transport infrastructure,e-commerce penetration, impending GST execution and otherinitiatives like ‘Make in India’, he stated. He even more said the company had actually launched several newservices like part-load and cold chain, which will be scaledup. “The company has raised about USD 40 million in largelyequity financing till date, from SAIF Partners, with a smallcomponent of venture financial obligation financing from specialty debtfinancing firm, Trifecta Capital,” he included. PTI NAM PRBABK
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“> See all stories on this topic Alpha Baking Business to Showcase Workhorse E-GEN Electric Truck at

5th Yearly Green Drive … CINCINNATI, May 18, 2016(GLOBE NEWSWIRE)– Alpha Baking Company, Inc. of Chicago will display its Workhorse E-GEN ™ range extended electric truck to represent its sustainability efforts at the Fifth Yearly Green Drive$ Conference and Expo at the Northern Illinois University Conference Center in Naperville, IL on Thursday, May 19. Alpha Baking purchased the E-GEN electrical truck from Workhorse Group Inc. (NASDAQ: WKHS), a last-mile shipment innovation business and an original equipment maker of medium-duty, battery-electric trucks. Robert McGuire, Vice President and Director of Logistics at Alpha Baking Company, will speak throughout the conference at a breakout session titled “Commercial Fleet Success Stories.” A leader in the use of alternative energy in the baking market, Mr. McGuire has been important to the advancement of Alpha Baking’s alternative energy strategy. “We have actually discovered that the best method is the work of a variety of different alternative energy sources, making use of each where it makes the most sense,” Mr. McGuire stated. “Our brand-new Workhorse electrical trucks are an exciting and necessary piece of our alternative energy fleet.” Agents from Workhorse Group will be in participation to support Mr. McGuire and Alpha Baking. “Alpha Baking Company’s interest in our Workhorse E-GEN truck demonstrates its value as a shipment car in lots of kinds of conventional industries, not simply parcel delivery,” stated Steve Burns, CEO of Workhorse Group. “We believe the truck’s adaptability and certain advantages may help draw in additional potential customers with a wide range of transportation and delivery needs.” Hosted by the Lake Michigan Clean Cities Consortium, the conference is designed to teach ways to improve fleet fuel performance, minimize damaging emissions by using cleaner alternative fuels and technologies, and save cash. The Workhorse E-GEN truck is the very first of its kind: purpose-built for the product and plan delive …
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