The Hindu Business Line : ‘Cargo rates may head north’

Hyderabad, June 5 DRS, the city-based logistics, felt that the prices of cargo transportation might be increased by 10 per cent as a fall-out of the oil price hike.

According to Mr A.K. Agarwal, Director, the increase could be more pronounced keeping in mind the peak mango export season. “About 800 lorries leave Hyderabad every day to different Northern destinations, carrying mangoes,” he said.

Like all other commodities, hike in fuel, especially diesel would also impact the cement industry by increasing the freight charges. However, exact increase in costs is difficult to say at present as it depends on distances for the commodity, said Mr Srikanth Reddy, Executive Director, Sagar Cements Ltd.

More Stories on : Outlook | Supply Chain Management | Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
'Aviation fuel price cut too small to reduce fares'

Eco bus

HSL constructed tug for New Mangalore port

Cabinet clears Tuticorin port channel deepening project

Pilot fatigue: The flight into danger

DRS to form Rs 300-cr SPV with Kotak’s realty arm

Rlys examining further cuts in freight rates

Iron ore movement affected

Off the roads

‘Cargo rates may head north’