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Date: 06/12/2024

Truck rentals dip in Nov. after festive rush, says a report

Truck rentals, which had returned to normal levels in October 2024 after the festive season rush, declined in November 2024 across most trunk routes due to softened demand for transportation services, according tothe Shriram Mobility report by the Shriram Group. Truck rental rates (round trips) on key trunk routes like Delhi-Chennai-Delhi and Delhi-Bengaluru-Delhi declined by 1.4 per cent and 1 per cent respectively on a month-on-month (M-o-M) basis, stated the Shriram Mobility report by the Shriram Group. Fleet occupancy levels dropped to around 60 per cent in November 2024 on a M-o-M basis. This decline was attributed to weak urban demand across categories, the Bharat Stage IV (BS IV) truck ban in the National Capital Region (NCR) due to air pollution, polling activities in Maharashtra, and reduced movement of agricultural produce, as per a report.
 
source: Exim News Service: Chennai, Dec. 5



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