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Freight rates declines * India - On excess trucks position
New Delhi,India -The Economic Times -5 Jul, 2008: -- Freight rates for ten metric tonne pay load to select destinations declined on the local truck transport market today following easy availability of trucks... Transporters said business movements were smooth following the end of trucker's strike... Delhi to Mysore, Bangalore and Pondicherry freights dropped by Rs 1000 each at Rs 37,000, Rs 34,000 and Rs 35,000 respectively. Rates to Kolkata and Mumbai also went down by Rs 1000 each at Rs 23,000 and Rs 17,000 respectively...
* Report - Truck rental and parcel freight rates set to fall
New Delhi,India -PTI/The Hindu -6 July 2008: -- Normalcy in truck movements, coupled with reduction in sales tax on diesel, will pull down rentals and parcel freight rates which had shot up during the last week's strike, says a report... Delhi-based Indian Foundation of Transport Research and Training (IFTRT) said in its monthly report that excess supply of trucks and lower cargo offering would neutralise the 8-10 per cent jump in truck rentals and 10-15 per cent hike in retail parcel booking freight rates, which had shot up during the period of strike...
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