Page 3 - Transport Sector

Bumpy road to profitability seen for Shriram Transport amid merger plans

Trucking finance firm's merger plans stoke fears of truck financing dilution

Shriram Transport second quarter profit rises 13% to Rs 771 crore

The non-banking finance company had reported a standalone profit after tax of Rs 684.56 crore in the year-ago quarter

Commerce ministry extends time limit for filing claims under TMA scheme

The commerce ministry on Tuesday extended the time limit for filing claims under the Transport Marketing Assistance (TMA) scheme for specified agricultural products.

Truck rentals on key trunk routes down by further 5-7% in past fortnight

Poor fleet utilisation, lack of return loads weighs on capacity of transporters to repay truck loans, puts question mark on business viability

Truckers demand relief as losses mount to Rs 42,000 cr due to lockdowns

Around 65 per cent of the total truck fleet in the country out of the road owing to lockdown and lockdown-like conditions in most of the states

How India's small truck aggregator industry is accelerating deliveries

The Deloitte study pointed out that in 1991, there was one driver per truck in India, but now at least one in four trucks (27 per cent) lies idle due to lack of drivers

IIMA sets up centre for research in transportation, logistic segment

IIMA said it has recently established a Centre for Transportation and Logistics to facilitate cutting-edge research in the segment

Transporters against e-way bill validity period reduction from Jan 1

Transporters' apex body AIMTC said the move will disrupt the supply chain

Support to bandh successful, transporters incur Rs 2,000 cr loss: AIMTC

All India Motor Transport Congress (AIMTC) represents about 95 lakh truckers and other entities

Transporters threaten to halt North India ops to support farmers' protest

The All India Motor Transport Congress (AIMTC) is the apex body of transporters, representing about 95 lakh truckers and other entities.

Covid-19 impact: As debt piles up, transporters surrender or sell trucks

IFTRT says 30,000 trucks have either been impounded or surrendered

Covid-19 accelerated innovations in transport business: Ola co-founder

Aggarwal said while the initial impact of the pandemic on the industry was hard, it also provided an opportunity for new business models to come up

Ind-Ra maintains negative outlook on transport, energy infra for H2 of FY21

It said toll collections rebound was strong at around 90 per cent of pre-Covid-19 levels in the first 15 days of September 2020, exceeding Ind-Ra's April 2020 expectations

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

Covid impact: VRL Logistics, India's biggest trucker, to scrap 15% of fleet

The operator of about 5,000 vehicles, including tankers, cranes and buses, has identified some 700 low capacity trucks for possible scrappage

Railways trusts competition; rules out fare regulator for private trains

Railway board chairman VK Yadav had earlier stated that the ministry is considering setting up a regulatory authority in the future

Domestic road transport sector likely to contract by 18-20% in FY21: Icra

40-day nationwide lockdown aggravated the prevailing softness in the Indian economic activity

India's petrol, diesel demand falls again due to high prices, lockdown

India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behind only the United States and Brazil

Best of BS Opinion: A military set free, search for Covid-19 vaccine & more

Here's a selection of Business Standard Opinion pieces for the day

Sell unsold units at 'no-profit-no-loss' to boost liquidity: Nitin Gadkari

The outbreak of coronavirus disease has impacted the real estate sector, which was already reeling from the demand slowdown, the road, transport and highways minister said