Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Truck Rentals in India See Drop in Recent Months - IFTRT

Logistic News - Published on Tue, 13 Aug 2019

Image Source: https://cdn.dnaindia.com
Apex body tracking the truck industry Indian Foundation of Transport Research and Training said that truck rentals continued to decline over the last 9 months and, cumulatively, have dropped by 18 per cent till date owing to new axle load norms introduced in September 2018, coupled with a liquidity crisis, lack of cargo movements and uncertainty over general elections. Moreover, following a 30 per cent drop in monthly full round trips, the truck rentals on main trunk routes dropped by 2 per cent in July. Cumulatively for the 9 months period ended July, the rentals dropped sharply by 18 per cent. With not much signs of recovery over the next few months, except September and October, being peak festival season, the rentals are expected to fall further during the year, said.

Even as there was no increase in diesel price, but due to the 15 per cent drop in cargo offerings from agri produce and a further 7 per cent drop in offerings from factory gates, the monthly full load trips dropped by 30 per cent, which led to a 2 per cent fall in truck rentals,

Source :

Posted By : Mohan Sharma on Tue, 13 Aug 2019
Related News from Logistic segment