Freight rates News 6 copy

Truck rentals have shot up by up to 12 per cent on trunk routes claim industry sources. They attribute it in part to the rising diesel prices in India, and a massive 50 per cent rise in cargo dispatches to address the upcoming festive demand. The other reason is said to be the urgency to beat the e-way bill transit pass system which starts in October 2017. Said sources that businesses piled up huge inventories in order to evade GST of 18-28 per cent on different products. Fruit and vegetable arrivals at various APMCs across the country have also witnessed a rise in product arrival by up to 15 per cent based on good monsoon, which has provided a boost to fleets on trunk routes. Sources also claim that the rise in truck sales is on the basis of heavy discounts of 12-20 per cent.

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