Allcargo Logistics announced an agreement signed with world's leading manufacturer of heavy transport vehicles, Scania headquartered in Sweden.
 
In this first-of-its-kind arrangement in India's transport and logistics space, Allcargo will be utilizing the world class trailers on operating lease from Scania.

''With Allcargo's leadership in integrated logistics especially project logistics and equipment hiring, these state-of-the-art trailers will result in more productivity, time-saving and efficient transportation services for customers within the hinterlands of India. Allcargo is already engaged with Scania for clearing and port services and with this agreement the association has further strengthened to create a new benchmark across India’s logistics space.'' the company said.
  
Umesh Shetty, executive director of Allcargo Logistics, said, "Allcargo has always endeavored to provide best in class services to customers and will always strive for innovating, efficient and productive ways to make a difference to customers’ transportation requirements. This is our step to add value to our customers in making their business more efficient."

Shares of the company declined Rs 0.65, or 0.43%, to settle at Rs 150.50. The total volume of shares traded was 364 at the BSE (Wednesday).