Hotline: 1800 102 2007
X
Search Business Opportunities
2012-06-06

Drop in SMEs cargo traffic hit truck rentals

Gradual decline in dispatches by small medium enterprises (SMEs) has hit truck rentals for the months of April and May 2012. The truck rentals on long distance roads have plummeted between seven per cent and nine per cent in April and May, r

Gradual decline in dispatches by small medium enterprises (SMEs) has hit truck rentals for the months of April and May 2012. The truck rentals on long distance roads have plummeted between seven per cent and nine per cent in April and May, respectively after the SME sector saw a fall of 15 per cent in its cargo traffic.

As per a report generated by the Indian Foundation of Transport Research and Training (IFTRT), overall, cargo flow from the manufacturing sector has seen a 10 per cent drop, thereby, impacting rentals while the cargo offerings from SMEs as compared to large manufacturing units appear to be performing negatively.

“In the present circumstances, there seems to be very little hope that truck rentals will recover before September 2012. The increase in compensatory load from wheat procurement, increased arrival of mango and other summer fruit and vegetable crops has not been enough to stem the decline” adds the IFTRT report.

However, prior to this, the months of January and February witnessed a five per cent to six per cent increase in rentals while it remained firm in March. In contrast, the electronics, textiles and FMCG goods segment have been steady in terms of its dispatches in April and May via road cargo.

Related opportunities
  • Frontier Biscuits - a very renowned name in Bakery sector..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 1995
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater West Delhi New Delhi
  • Fashion accessories - women
    About:   A unique perception in the arena of female purchasing has..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Dhaba is an award-winning chain of Punjabi Dhaba &Theka..
    Locations looking for expansion Delhi
    Establishment year 1962
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Imitation/Art/Junk Jewellery
    About Us Brand Tistabene is owned by the leading lifestyle retail..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts