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TRUCK RENTALS UP FOR 2ND MONTH IN A ROW IN AUGUST
The Business Guardian
|September 08, 2024
Truck rentals continued their upward trend in August 2024, marking the second consecutive month of growth, as per the latest Shriram Mobility Bulletin.
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The festive season’s approach, coupled with increased post-election activities, has significantly driven demand across various transportation routes.
Notably, fleet utilization in the India-Bangladesh border region saw a significant improvement, rising to nearly 60 per cent from the previous 40 per cent.
The resumption of trade activities between India and Bangladesh has particularly increased truck rentals in the Kolkata-Guwahati-Kolkata route, registering the highest surge at 3.0 per cent.
The Delhi-Kolkata-Delhi and Delhi-Hyderabad-Delhi routes also witnessed increases of 2.7 per cent and 2.3 per cent, respectively.
Apple harvest and pollbound activity pushed up freight rates in the Srinagar region. Freight rates rose by nearly 10 per cent in August, in this area.
This story is from the September 08, 2024 edition of The Business Guardian.
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