Freight rates up on pick up in cargo movements

Freight rates for nine-tonne pay load section rose by Rs 1,000 in the local truck transport market today owing to increased cargo movements amid less position of trucks.

Transporters said pick up in cargo movements against tight trucks position, mainly led to the rise in freight rates.

Delhi to Hyderabad, Vijaywada and banglure freight moved up by Rs 1,000 each to Rs 55,000, Rs 57,000 and Rs 62,000.

Rates to Jaipur, Chandigarh and Ludhiana also went up by Rs 500 each to Rs 15,000, Rs 17,000 and Rs 18,000.