Freight Rates

Proposal aimed to ease pressure on rail network, improve coal dispatch during peak demand summer months

The commercial vehicle industry volume is expected to grow in the range of 7-10 per cent in the next financial year, rating agency Icra said on Tuesday. The volume growth would be on account of government infrastructure spending, replacement demand, back-to-school and office scenarios and e-commerce expansion, it noted. The growth will, however, moderate from 24-26 per cent in the current financial year, it added. Icra noted that the growth trends were visible in third quarter of the current fiscal, with wholesale dispatches reporting a growth of 16 per cent on a year-on-year basis, supported by replacement demand, improvement in the macroeconomic environment, and healthy traction in the underlying industries such as steel, cement, mining, automobiles, and e-commerce. Freight rates continued to hold up, which, coupled with healthy freight availability, is supporting fleet operator viability, it noted. The growth trends continued to be broad-based across all the three sub-segments

Zonal Railways asked to designate more works as special projects for quicker clearance

Officials peg FY23 freight between 1500-1550 mt

However, average container prices are still 2-3 times higher compared to pre-pandemic levels

Sources in the ministry say policy not successful so far; extension period kept low as the board may soon have to decide whether to modify the policy further or discontinue it altogether

Ministry aims for Rs 2-trillion budgetary allocation in coming years, says minister Vaishnaw

Senior coal ministry officials told Business Standard they were aware of the report that NITI Aayog was preparing

The surcharge will be levied on transportation of all commodities barring coal and coke, containers and automobiles moved in certain wagons

Coal freight revenue rose 42 per cent despite rains, floods during August

Previous government had banned earthwork for project, following an order by Pune Bench of NGT

Improvement in freight, vehicle registration numbers

Inadequate rake supply continues to haunt railways despite its numerous claims of intervention

Crude tanker freight rates remained around opex levels for most of the year in FY22 but experienced a sudden spurt starting end-Feb 2022 due to the Russia-Ukraine conflict.

The Railways' overall freight growth against the ministry's internal target was 0.94 per cent in FY22

Customers pay less after six months for but transport companies feel the pinch of inflation.

GE Shipping could see another 5 per cent jump, while other shipping stocks are displaying testing times

India's monthly exports to these countries amount to around $1.4 billion and imports of around $1.6 billion

Freight costs had only recently started to stabilise, which were on the rise during the pandemic.

The rate to book an Aframax vessel to load at one of Russia's Baltic Sea ports to western Europe almost tripled on Thursday