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TRUCKING INDUSTRY * India - Shriram Transport buys 40% stake in Ashok Leyland arm
Askok Leyland have done a great service to the industry- truckers and producers- by starting the Transport ExchangeNew Delhi,India -Streamline Supply Chain -August 21, 2007: -- Transport Exchange- long overdue in India... A truck exchange was a need felt for a long time but remained unfulfilled... Like any commodity exchange the truck exchange brings the buyer - farmer, producer, manufacturer - and seller, who in most cases would be truck owner or a fleet owner, together... The truck exchange reduces the cost of transaction, which in turn reduces the cost in the supply chain... How does the truck exchange work? The seller i.e. truck owner or fleet owner registers with the truck exchange. The seller will have to give details of his trucks- number, insurance, type, weight etc... At the time of registration, the documents pertaining to the truck- insurance, ownership- would be thoroughly scrutinized...
Labels: transport exchange
posted by Unknown @ 8:12 AM
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