India Logistics - Activity Stays Strong In September; Higher Volumes See Freight Rates Improve: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.