Since the beginning of the lockdown last year, small fleet owners had been facing utilisation issues due to low demand and unavailability of loads for trucks on return trips. Though there has been a revival in demand of late, they are struggling to stay afloat due to high operating costs and increased competition.
The pandemic has hit almost every industry hard. But one of the worst-affected sectors has been road transport, India’s lifeline when it comes to ferrying a variety of goods across the length and breadth of the country. And as the invisible enemy brought logistics to a screeching halt last summer, the domestic trucking industry, which carries more than 60% of the nation’s freight, took a nasty blow like none other. Consequently, the sector has
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