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Increased Cargo Activity Sends Freight Rates at the Capital Soaring

Published On Mar 28, 2016By Prashant Talreja

A shortage of trucks in the market, combined with rising cargo activity, are said to have contributed to a current rise in freight rates in Delhi.

The rates for movement from the capital to other major stations rose sharply, with some figures going above several thousands. For a specimen, the rate for moving from the capital to Mumbai, Ahmedabad and Indore rose by Rs 1,000, touching Rs 22,000, Rs 28,000 and Rs 21,000 respectively.

Along with this, rates for reaching all major destinations in the country were also seen spurting up. The rate for moving from Delhi to Kolkata and Goa also shot up by Rs 1,000, reaching Rs 30,000 and Rs 53,000 respectively. Currently, the figure for moving from the capital to various cities include 61,000 for Bengaluru, 19,000 for Kanpur, 63,000 for Chennai, 22,000 for Indore, 66,000 for Mysore, 21,000 for Ahmedabad, 68,000 for Puducherry, 23,000 for Baroda for Kolkata,15,000 for Jaipur, 51,000 for Hyderabad, 17,000 for Chandigarh and 53,000 for Vijayawada.

The cargo industry has witnessed rising activity off late, with a booming infrastructure climate and vitalised business activity around the country. Along with this, a prolonged, stagnant period in the heavy-duty trucking space drew to an end the last year, leaving truck sales bouncing back to a sharp resurgence. This is thought to have re-defined the landscape of the freight movement sector as well to a vast scale.

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