Now Reading: Truck rentals stay steady in July ahead of festive demand
-
01
Truck rentals stay steady in July ahead of festive demand
Truck rentals across major trunk routes remained broadly stable in July, despite global uncertainty, weak agricultural freight in areas with poor rainfall and flood-related disruptions in Gujarat, Kerala and the Himalayan region,…
The Story in Brief
Truck rentals across major trunk routes remained broadly stable in July, despite global uncertainty, weak agricultural freight in areas with poor rainfall and flood-related disruptions in Gujarat, Kerala and the Himalayan region, The Hindu BusinessLine reports, citing the Shriram Mobility Bulletin. Bengaluru-Mumbai rentals rose 2.1 per cent month on month, while Kolkata-Guwahati increased 1.9 per cent. Mumbai-Chennai declined 0.6 per cent, while four routes were unchanged.
Rentals were higher across every tracked route compared with July last year. Delhi-Kolkata led with growth of about 15 per cent, followed by Bengaluru-Mumbai at 11 per cent and Kolkata-Guwahati at 9 per cent. Shriram Finance expects rates to hold, though a stronger festive cargo cycle could bring a modest rise.
The Indian Opinion
Claims that July’s freight market either collapsed or entered a strong recovery go beyond the data. The route figures show stability month on month, alongside clear annual gains, but they do not prove that festive demand will lift rentals. The real test is whether cargo volumes rise across several routes during the festive season, rather than on one or two corridors alone.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
