Freight Charges Rule Steady On Sluggish Demand

Mumbai, Aug 25: | Updated: Aug 26 2002, 05:30am hrs
Due to a sluggish demand in the local market, there was not much activity in the truck transport market. Hence, freight charges for the nine metric tonne payload moved in a limited range and ruled steady.

States like Bihar, Assam and certain cities in West Bengal are still facing transporters strike and therefore, cargo despatch was not possible during the last week.

A truck operator said that because of sluggish demand and less bookings during the last week, the local freight charges were either stable or marginally up.

And in the coming week, the trend will be remain stable. Freight rates for states like Madhya Pradesh, Maharashtra, Haryana, Jammu & Kashmir, Kerala, Himachal Pradesh, Tamil Nadu, Gujarat were stable on paucity of demand.

Last week, the truck rates from Mumbai to Jalandhar in Punjab rose by Rs 500 to Rs 17,000, Bhatinda by Rs 1,000 to Rs 17,000, Chandigarh Rs 500 to Rs 16,500.

However, rates from Mumbai to Varasani in Uttar Pradesh rose by Rs 300 to Rs 17,500, Meerut by Rs 500 to Rs 16,500, Gaziabad by Rs 500 to Rs 16,000. And rates were marginally down for Ajmer in Rajasthan by Rs 500 to Rs 9,500, Jaipur by Rs 500 to Rs 11,000.