Top News

|  Cochin Port to commemorate arrival of 1st vessel  |    |  CONCOR to start train service from ICD Agra to Mundra Port  |    |  Korea seaport cargo up 6.6% in April  |    |  CMA CGM launches 2nd loop between India, Mideast &Africa  |    |  Chhattisgarh CM gives nod for Raipur-Vizag highway  |    |  DHL adds another China-Europe rail link  |    |  Jet Airways announces special fares on select domestic routes  |    |  ESL gets Panamax ship of 74,005 DWT  |    |  Allcargo Q4 net slips marginally  |    |  Tata Motors consolidated net profit drops 17%  |    |  CMA CGM rate hikes June 1 on Asian container bound for North Africa  |    |  Yang Ming charters 2 vessels to boost service  |    |  Pacific International Lines to develop integrated logistics park in China  |    |  GMR Hyderabad airport to see INR 2,500 cr capacity expansion  |    |  IndiGo to launch daily non-stop flight between Singapore and Bengaluru  |    |  Railway Minister to launch free wi-fi facility at 28 stations in Konkan  |    |  Asia-Europe rate falls 3.9% to USD924 TEU, drops 8.5% to USWC  |    |  Highway projects worth INR 5 lakh crore planned in 2 yrs  |    |  Rail cargo traffic expands for fourth month  |    |  MPT bags two performance awards  |   
You are here: Home » National News » Roadways» Truck freight rates up 3-4% in March

Truck freight rates up 3-4% in March

05 April 2017 | Chennai
 

transreproter

The last month of fiscal 2016-17 appears to have brought many cheers for the trucking industry.

While Supreme Court ban on sale of BS III trucks led to huge discounts for new purchases during the last 2-3 days of March, truck freight rates also went up 3-4% on trunk routes during the month with improvements in cargo flow from agri and manufacturing sectors.

After three years, March saw its best performance as cargo offerings from agri sector, factory output and exports displayed an increase of 15-20%, 8-10% and 4-5%, respectively, in full truck load despatches and that resulted in an increase in truck rentals by 3-4% with better fleet utilisation, according to New Delhi-based IFTRT (Indian Foundation of Transport Research and Training).

Truck freight rates on Delhi-Mumbai-Delhi round trip on a 25-tonne truck increased by 4% at ₹85,000 on April 1 when compared with ₹ 81,700 on March 2. Delhi-Chennai-Delhi round-trip also saw a rise of 4% at ₹1,25,500 from ₹ 120,500 and Delhi-Ranchi-Delhi rental was up 3 per cent point at ₹ 86,500.

Though, the general economic scenario appears to be improving, sales of heavy trucks conforming to BS IV norms will be sluggish during the first quarter of 2017-18.

Since fleet operators would have taken advantage of huge discounts offered for BS III trucks by March 31, new purchases in the current quarter is likely to be tepid, felt IFTRT.

   
Transreproter Logo