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TRUCKING INDUSTRY WORLDWIDE * Inida - Diesel blow: Road freight set to go up
New Delhi,Inida -The Times of India, by Pankaj Doval -6 Jun 2008: -- Road freight charges are set to go up by 3-4%, following the Rs 3 hike in diesel price on Wednesday. The rise in charges could have been more but the ongoing lean season and over-capacity of vehicles will cap the spurt. According to fleet operators, freight charges will be revised but will not be big... Transport Corporation of India (TCI), one of the big organised player in the highly-fragmented Indian transport market, signalled a marginal hike in freight charges... Vineet Agarwal, ED of TCI said, with 70-75% of the company’s customers being on a contractual basis, the hike will be passed on to them immediately though retail clients would feel the pinch over the next one or two months. Charan Singh Lohara, president of All-India Motor Transport Corporation (AIMTC), however, was more vocal against the fuel hike and said it would lead to a hike of as much as 8-10% on road freight rates... Rohan Sahani, an independent trucker operating from the Delhi-UP border with a small fleet of ten trucks, admitted that pressure from higher fuel costs is there after the fuel hike. "However, the overcapacity of vehicles in the market means that there cannot be any immediate big hike on freight charges. A major push on charges would come from August onwards when the apple season would start and fruit consignments would come from Himachal Pradesh and Jammu," he said... * India - Truckers feel economic chill
Mumbai,India -BBC World, by Neil Heathcote - 5 June 2008: -- Rajesh Ghogare has been driving trucks for 17 years. Every month he sends money home to his village for his wife and three children. But over the past few months, life has got tougher... Some of the trucking companies have cut wages, making it harder to make ends meet. When times are good, companies need plenty of trucks to get their produce to market. But when economies slow, truckers are the first to feel the impact... And while India's economy is still growing at more than 8% a year, many small truck operators are feeling squeezed... Expansion plans have been put on hold. Some have begun selling off their trucks and hiring them in when needed. Many have shifted to using smaller, more flexible vehicles... Small companies may be forced to sell off more of their vehicles... Fuel prices rose at the start of the year, eating into profits. And he is not feeling confident about the future... Uncertain times is an uncomfortable meessage for those back at the freight companies. The owners are waiting to see if fuel prices rise further before deciding what to do next. For drivers like Mr Ghogare, there is little option but to wait and see what they decide. At the moment, there is still work to be found, often driving smaller vehicles. With luck, that will be enough to keep them on the road, until the economy booms once more... (Picture: Small companies may be forced to sell off more of their vehicles)Labels: trucking industry news India
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