The industry failed to reach a contract agreement with two unions representing much of the workforce, and a federally mandated 30-day “cooling off” period ends Friday, opening a door to strikes and lockouts.
Vineet Agarwal, managing director, Transport Corporation of India says the company's freight business is likely to revive in the days to come.
A R Ramakrishnan, managing director, Essar Shipping says he expects revenue to grow in FY13 for the company.