A more than 20 per cent decline in cargo in November resulted in fall of truck rentals.

According to a report by the Indian Foundation of Transport Research and Training (IFTRT), brisk cargo offerings dragged truck rentals by 4-5 per cent on trunk (long-distance) routes during the second half the month. This led to a erosion of nearly four per cent gains realised through higher rentals during the previous month of October, the report added.

Truck sales: Meanwhile, a drop in the multi-axle truck sales saw the industry witness a 33 per cent decline in sales during November. Multi-axle truck sales declined by over 50 per cent to 5,526 units in November this year compared to the same period last year.


(This article was published on December 10, 2012)
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