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

Topics Coronavirus | truck market | trucks

Truck rentals on key routes have fallen by another 5 to 7 per cent in the past 15 days, reflecting a slowdown in the overall economic activity as a deadly second wave ravages the country.   This comes on back of a sharp decline in the factory output and pandemic-induced restrictions in various states, according to the freight rate data released by Indian Foundation of Transport Research and Training (IFTRT) on Sunday.   The New Delhi-based think-tank warns of a long road to recovery for the road transport sector as Covid-19 makes deeper inroads in the hinterlands.   .....

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