Freight Rates Move Up On Heavy Demand From North

Mumbai, September 29: | Updated: Sep 30 2002, 05:30am hrs
A heavy demand from the Northern region saw the truck freight rates across the region climb further by around Rs 1,000 to Rs 1,500 (around 4-7 per cent) in the last week. This was in addition to a similar price hike witnessed during the same period.

Transporters said, Truck rates on these routes are likely to firm up over the coming weeks due to demand. On the Western routes, despite a trouble in Gujarat inn the last week, the freight rates remain stable for a nine-tonne payload vehicles from Mumbai to Ahmedabad and other destinations. According to transporters, in the coming week, the truck rates to most of the Southern and Eastern states will remain stable as the cargo demand has come down drastically. They said, In the last week, the supply of vehicles were very short particularly from the Northern region. This is because the vehicles from the North have been diverted to other destinations in the same region due to elections in the Jammu and Kashmir state and the routes take a longer time to return.

In the Northern region, rates to Shimla in Himachal Pradesh rose by 2,000 to Rs 22,000, Parmanu rose by Rs 1,500 to Rs 18,500, Sholan by Rs 1,200 to Rs 20,000.

In the Eastern region, rates to Guwahati remained steady at Rs 40,000 while rates to Siliguri were at Rs 31,000. Rates to Jaipur in Rajasthan rose by Rs 500 to Rs 12,000.