Truck rentals on key trunk routes down by further 5-7% in past fortnight

Poor fleet utilisation, lack of return loads weighs on capacity of transporters to repay truck loans, puts question mark on business viability

Topics
Coronavirus | truck market | trucks

Shally Seth Mohile  |  Mumbai 

Reflecting a slowdown in the overall economic activity, truck rentals on key trunk routes have fallen further by 5 to 7 per cent in the last 15 days on back of a sharp decline in the factory output and pandemic induced lockdowns and curfews in various states, according to the freight rate data released by Indian Foundation of Transport Research and Training (IFTRT) on Sunday.

The New Delhi-based think-tank warns of a long road to recovery for the road transport sector as Covid-19 makes a deeper inroad into the hinterlands. “The situation is worse than last year and we expect the ...

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First Published: Sun, May 16 2021. 18:35 IST
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