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Southern
states help propel freight rates
Our
Commodities Bureau in Mumbai
Southern states generated tremendous demand last week to push
up the overall freight rates for the nine tonne payload from
Mumbai to other parts of the country. The freight cost had been
firming up since mid-December but peaked towards south before
the end of the year. East is the other route in which the vehicle
cost and the movement has gone up considerably last week.
Yet again, the transporters were at pains to explain the southern
surge, saying the vehicle shortage was the apparent reason.
Tamil Nadu is commanding a Rs 1,500 premium on almost all routes,
while Bangalore and Hyderabad have gone up considerably, when
compared to last month.
The transporters had predicted that they did not expect much
change in the short-term in this situation. As against last
week, when the war rhetoric was at its best, leading to confusion
among transporters if their vehicles could be impounded for
army service, the situation is quite now.
The rates towards Rajasthan and Punjab, two border states where
army is compiling resources, are normal. However, Maharashtra
in the west is seeing a marginal hike in rates as the beginning
of the fruit season is just days away. Two notable changes are
Bihar, which saw a minimum jump in rates by around Rs 1,500
and UP, which had the opposite effect.
UP rates are at a peak for the winter and likely to come down
soon. The demand is also quite normal these days, say booking
agents in Mumbai. Towards east, rates to Assam were steady,
save minor corrections while to Kolkata the rates dipped to
touch a month-low of Rs 19,500 for nine tonne payload.
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