Freight rates for nine-tonne payload section rose by Rs 1000 at the local truck transport market in the national capital today following fresh cargo movements amid less position of trucks in the market.
Freight rates for nine tonne load section improved by Rs 1,000 in the local truck transport market today on tight position of trucks against busy cargo movements.
Freight rates for nine-tonne pay load section improved by Rs 1,000 at the local truck transport market in the national capital today following tight position of trucks against pick-up in cargo movements.
The Indian Railways has streamlined its freight rates on movement of coal, with slab-wise revision seen as per distance.
Freight rates for nine-tonne pay load section hardened by Rs 1,000 at the local truck transport market in the national capital Delhi following pick up in cargo movements amid tight positions of trucks
Transporters said comfortable position of trucks against slowdown in cargo movements, mainly pulled down freight rates.
Freight rates for nine-tonne pay load section improved by Rs 1,000 at the local truck transport market in the national capital today following better cargo movements amid tight position of trucks.
Transporters said large position of trucks in the market against cargo movements, mainly pulled down freight rates.
Speaking to CNBC-TV18, VK Singh, CEO of Shreyas said that the even though capacity had increased but low demand due to global meltdown impacted this quarter.
Transporters said besides restricted cargo movements, ample position of trucks in the markets, largely kept freight rates at previous levels.
Transporters said tight cargo movements against easy availability of trucks in the markets, mainly pulled down some of centres freight rates.
Transporters said busy cargo movements in the wake of tight truck positions, mainly led to rise in freight rates for select destinations. Delhi to Ludhiana, Kanpur and Indore freight rates were up by Rs 1,000 each to Rs 18,000, Rs 21,000, Rs 23,000, respectively.
While sparing passengers in his Rail Budget, Railway Minister Suresh Prabhu had proposed an average hike of 3.2 percent in freight rates which is expected to have a direct impact on consumers of essential commodities and steel and aluminium industries.
Presenting the first full-fledged Rail Budget of the Modi government for 2015-16, he made adjustments in freight rates that exempted salt but would hike rates on carriage of cement, coal and coke, iron or steel and petroleum products.
However, Railway Minister Suresh Prabhu said there would be no increase in passenger rail fares.
In his Budget announcement, Railway Minister Suresh Prabhu thanked PM Narendra Modi and said the Indian railways will play major role in development of country.
Reacting to the Railway Budget 2013, AP Verma, Director- Finance, Kalindee Rail said, the railway minister should have given importance to freight corridors.
With an eye on elections, Railway Minister PK Bansal was forced to keep passenger fares unchanged despite railways suffering huge losses.
Low freight rates globally would continue to weigh on the bottomlines of Indian shippers, but the situation is unlikely to worsen further, says AR Ramakrishnan, Managing Director, Essar Shipping. In an interview with moneycontrol.com, he said his firm managed to stay profitable mainly due to long-term contracts with its customers.
The diesel price hike has put an additional burden of around Rs 2700 crore a year on the cash-strapped Railways, a senior official said today.
The railway minister on Wednesday went ahead with an across-the-board hike in railway fares in all classes from midnight of January 21. The possibility of a hike in freight rates also cannot be ruled out after the decision.
Imports into India of iron ore pellets, used in making steel, more than doubled in May to 174,319 tonnes as a partial mining ban in Karnataka hit supplies, an industry body said.
Hinduja group company Ashok Leyland expects its sales volumes will pick up in the second half of the current fiscal year, helped by increase in sales of light commercial vehicles built in joint venture with Japanese Nissan Motor and a likely pickup in south India.
India's iron ore exports fell for the eighth straight month in February because of a continuing ban on shipments by its key Karnataka state and exports are likely to face further pressure as the country hikes freight rates again.
The Indian railways raised freight rates on iron ore meant for exports by Rs 100 per tonne to Rs 1,600, effective Thursday, a move likely to add to exporters' difficulties and pump the steel-making commodity's global prices.