Tiger Logistics Launches LCL Consolidation Brand 'CUBOX' for Smaller Shipment and B2B Business

Tiger Logistics, India's leading global logistics solutions company, has launched CUBOX, an innovative Less-than-Container Load (LCL) consolidation service focused on providing effective solutions for LCL export and import to forwarders and logistics companies. CUBOX aims to meet the rising demand for cost-effective and reliable international ocean freight services, especially in India's LCL market.

Tiger Logistics has hired a specialized team with a dedicated office space in New Delhi, including senior management positions with a strong background in handling LCL sales and operations. With CUBOX, Tiger Logistics aims to generate an annual revenue of INR 100 crore+ by tapping into the B2B markets in the Western and Northern regions of India, with plans for further expansion into the Southern parts.

With the growing demand for flexible and cost-effective shipping solutions, CUBOX aims to bridge the gap between forwarders and shippers by providing efficient, consolidated freight options. Focused on operational efficiency and enhanced customer experience, CUBOX offers a smarter way to ship smaller volumes with optimized freight rates in the fragmented LCL market, which is currently dominated by a few key players.

Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, said "CUBOX will open new revenue streams, strengthening Tiger Logistics' long-term growth strategy and boosting our competitive advantage in the global logistics industry. It is poised to make a substantial impact on India's fragmented Less than Container Load (LCL) market by offering cost-effective, flexible, and efficient ocean freight solutions for logistics and forwarding companies.

Mr. Malhotra further added "India's LCL market is primed for growth, driven by a growing demand for cost-effective and dependable shipping solutions. The dedicated team at CUBOX is strategically positioned to capitalize on this emerging opportunity, offering scalable, flexible Less-than-Container Load services that align with market needs. By leveraging operational efficiencies and driving cost optimization, we plan to capture a sizeable market share in the Indian LCL market."

Mr. Kishan Chand, VP Sales at CUBOX by Tiger Logistics, said "The LCL market offers a dynamic avenue for growth, and CUBOX is excited to seize this opportunity. As businesses increasingly seek tailored and efficient solutions, we are committed to leveraging our expertise to reshape the B2Binternational logistics landscape. This expansion not only enhances our service portfolio but also positions us to meet the evolving demands of the market, driving innovation and long-term success."

Expansion and Growth in India's LCL Market

India's LCL market is rapidly expanding but remains highly fragmented, with many smaller, unorganized players. Despite this, a few key players continue to dominate the sector. CUBOX aims to fill this gap by offering a customer-centric, technology-driven approach to consolidation services, positioning itself as a young and agile brand under the Tiger Logistics umbrella. CUBOX will play a significant step in capturing a significant market share of LCL shipments in India, while offering greater competition, transparency, and cost savings to businesses.

In the longer term, Tiger Logistics plans to expand CUBOX's offerings with teams and offices across global destinations in the Middle East, LATAM (Latin America), and Africa.

Source : Equity Bulls

Keywords

TigerLogistics CUBOX LCL ConsolidationService