Truck rental up by 3%-4% in the month of December

Even though the diesel prices have remained constant, the truck rentals in December were up by 3%-4% across trunk routes. 

The latest report by the Indian Foundation of Transport Research & Training (IFTRT) says, there has been a 15%-20% extra arrival of fresh fruits and vegetables into APMCs.

“Factory output and exports have also remained brisk helping truckers to post robust revenue for last two quarters,” said SP Singh, senior fellow & coordinator, IFTRT. 

The migration to CNG is also being seen as a factor in helping transporters improve their margins. 

“There have been large scale migration of 10-15.5 tonne medium and light commercial vehicles from diesel fuel to CNG which has further helped the fleet owners of this category make more money per tonne/km,” said Singh.

The report said that the flat diesel price throughout December and the buoyancy in the overall economy in agri-food business, trade commerce, and industry including exports have allowed the increase in truck rentals. 

Delhi-Mumbai-Delhi, Delhi-Chennai-Delhi, Delhi-Hyderabad-Delhi, and Delhi-Kolkata-Delhi area few truck routes that have seen a 4% increase in rentals between November 1 to December 31. 

While Routes like Delhi-Bangalore-Delhi is up 3%. In real terms, it is an increase of Rs 5,000- Rs 6,000 per round trip.