India Logistics - Activity Stays Strong In September; Higher Volumes See Freight Rates Improve: Motilal Oswal
India Logistics- Activity Remains Strong In September; Higher Volumes See Freight Rates Improve: Motilal Oswal
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Motilal Oswal Report
E-way bill generation continues to be strong for the fourth consecutive month (up 3% month-on-month in September 2021), indicating sustained improvement in road freight operations post the lifting of Covid-19 related restrictions.
Freight rates have been rising for the last few months and improved further by ~5% month-on-month for key routes in Sep-21. This was driven by a sharp pickup in volumes in the last couple of months, led by the economic unlock.
The increase in rates was despite no major change in diesel prices during the month.
Capacity utilisation for trucks currently stands at ~80% levels.
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