Freight rates slip on excess trucks position

Freight rates for nine-tonne pay load section dropped by Rs 1,000 in the local truck transport market Saturday following easy availability of trucks in the markets against slowdown in cargo movements.

Transporters said apart from restricted cargo movements, comfortable position of trucks mainly pulled down freight rates for some centres.

Delhi to Mumbai, Chandigarh and Kolkata freight rates dropped by Rs 1,000 each to Rs 27,000, Rs 16,000 and Rs 29,000.

Rates to Jaipur and Ludhiana also went down by Rs 500 each to Rs 14,000 and Rs 17,000.