Freight Rates

Congestion at global container ports is nearing COVID levels, leading to spikes in shipping costs and clouding the outlook for corporate bottom lines and the economy

Chart of the Day | The Red Sea crisis is hurting Indian companies

The Drewry World Container index, which tracks spot container freight rates, is up 90 percent from the year-ago period

Global container shipping industry looking at a prolonged down cycle

Super profits during the pandemic have led to an oversupply of container ships at a time when world trade is slowing

Logistics Q4 Preview: Buoyant demand to drive sales, but margins under pressure

A pause in interest rate hikes aided recovery in the automobile sector, likely a key growth tailwind for logistics firms in the January-March 2023 quarter.

India plans to offer slew of incentives to boost shipbuilding industry: Report

The plans include subsidies so that at least 50 new vessels can be built as well as the granting of ”infrastructure status” to the industry which would help with financing from banks, said the government officials.

Volatile freight rates raise concerns of moderation in CV sales growth

CV sales have been on a roll with the economic recovery after Covid-19. However, recent softening of freight rates and truck sales are signs that CV growth rates could moderate

War and the virus have led to a spike in transport costs

The cost of shipping a container on the world’s transoceanic trade routes increased seven-fold in the 18 months following March 2020, while the cost of shipping bulk commodities spiked even more 

High shipping costs to push up global inflation, UN warns

The surge in freight rates is likely to push up global consumer prices by an additional 1.5 per cent should they remain high for the next year, according to estimates

Container crunch — Crisis can be a big opportunity

India needs to follow a two-pronged strategy to moderate freight cost and turn the country into a box manufacturing hub

Freight rates up on fresh cargo movements

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 up on busy cargo movements, less trucks position

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 up on fresh cargo movement

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.

Railways streamlines freight rates for coal movement

The Indian Railways has streamlined its freight rates on movement of coal, with slab-wise revision seen as per distance.

Freight rates up as cargo movements pick up

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

Freight rates slip on easy availability of trucks

Transporters said comfortable position of trucks against slowdown in cargo movements, mainly pulled down freight rates.

Freight rates up on 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 better cargo movements amid tight position of trucks.

Freight rates decline on excess position of trucks

Transporters said large position of trucks in the market against cargo movements, mainly pulled down freight rates.

Low demand due to global turmoil impacted Q3: Shreyas Shipping

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.

Freight rates remain flat

Transporters said besides restricted cargo movements, ample position of trucks in the markets, largely kept freight rates at previous levels.

Freight rates decline on limited cargo movement

Transporters said tight cargo movements against easy availability of trucks in the markets, mainly pulled down some of centres freight rates.

Freight rates up on pickup in cargo movements

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.

Rail freight on grains, coal, cement to increase from Apr 1

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.

No hike in Train passenger fares, but rise in freight rates

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.

India to raise some freight rates from April 1: Govt

However, Railway Minister Suresh Prabhu said there would be no increase in passenger rail fares.

Rail Budget 2015 Highlights: No passenger fare hike; better consumer experience assured

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.