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Freight rates to remain volatile 

Our Bureau  
Mumbai: Truck freight rates from Mumbai to most places fluctuated due a variety of reasons including the heavy floods that rocked Andhra Pradesh last week. As the monsoon came to an abrupt halt in the north, the cargo movement picked up resulting in a rise of Rs 1500-2,000 for nine tonnes. Despite the bad weather, the south region did not see much of a change as the cargo movement has not picked up post-monsoon.

Towards east, Assam rates were up by around Rs 2,000 while neighbouring state West Bengal saw a decline by Rs 200. The truck rates are likely to remain volatile in the coming week, transporters in Mumbai said.

The rates for the nine-tonne load from Mumbai to Jammu and Srinagar was up by Rs 500 each while Baramullah commanded a premium of Rs 1,000 at Rs 23,000. Rates to Himachal Pradesh were down by Rs 500 to 1,000.

Freight rates to Delhi were up by Rs 1,200 to Rs 14,000. However, the rates to neighbouring states of Haryana and Punjab saw a fall in the rates by Rs 1,500.

Like some states in North, truck rates to Bihar were down by Rs 1,500 to 2,00 as the cargo movement slowed after an initial spurt. However, Uttar Pradesh commanded a premium of Rs 500 this week on good steady cargo movement and demand for vehicles. Rates to Lucknow were pegged at Rs 13,500.

Freight rates to Gujarat steadied at the previous levels while Madhya Pradesh continued to stay range-bound.

Rates to Rajasthan too witnessed a spurt after falling in the previous week.

Freight rates to Jaipur were up by Rs 200 at Rs 10,000.

In the east, Mumbai to Assam rates remained volatile. Most of the cities in Assam commanded a premium of Rs 1,500 but neigbouring state, West Bengal saw no such rise. Orissa too was up by around Rs 100-200 due to the festive season demand. While the eastern states saw rise in truck rates, the rates from Mumbai to most southern cities stayed range-bound last week. Rates to flood-hit Hyderabad was up by Rs 200 to Rs 7,500 while Bangalore were steady at Rs 9,800. Cochin and Chennai were continue to rule at the same levels.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

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