In a clear indication that the beleaguered container freight station (CFS) business is back on track, Allcargo Logistics Ltd has leased space in a CFS near the Jawaharlal Nehru Port Trust (JNPT). This is the company’s third such facility in the country’s busiest container port.
Mumbai-listed Allcargo’s move coincides with the decision of Swastik Enterprises Ltd, the entity that runs the CFS — Speedy Multimodes Ltd — to back out of its earlier decision to terminate the operation and management...