With low consumer spend, Logistics companies are facing severe payment delays from cash-strapped customers as well as higher costs due to increase in diesel prices, shortage of workers and drivers, and sanitization costs. Facing this double whammy, companies are trying to raise rates for the customers. Due to slower consumption in the market, customers’ payment patterns are changing with prolonged …
Fastag recharge is a tedious process using Banks. We experienced how complex it is to recharge fastag using bank websites. We found that National electronic toll collection (NETC) has made recharge simple using UPI interface. Google Pay, PhonePe, Bhim or PAYTM or any other UPI APP. Please follow the steps to load your fastag. Let’s take an example as Google …
In early September, one of the largest Commercial Vehicle (CV) players in India, Ashok Leyland announced a shutdown schedule. This announcement preceded the news of the 59% drop in the production of medium and heavy commercial vehicles (M&HCVs). There are various speculations with the story, and some believe it is due to urban and rural consumption. According to a report …
Every year in the monsoons, heavy rainfall leads to floods. This year, states like Maharashtra, Gujarat, Karnataka and Kerala were jolted by the season forcing over 1.2 million people to leave their homes and find shelter in government-run relief camps. Monsoon affects the environment and impacts the quality of life. The transportation system comes to a halt, and the infrastructure …
Navigating through highways, thin lanes, rough roads, lonely cold evening, with no security is not easy. The truckers pass through familiar/unfamiliar streets carrying the expensive freight with a lot of uncertainty. What if there is a robbery? What happens to the lorry payments or the trucker’s valuables? At the loading point, the truckers receive cash, not only for their expenses, …
Key Industrial Regions help truckers get better revenues The economic development of a region in the country is directly related to the Logistic and Transportation goods movement. The growth, in turn, impacts the truckers revenue. Truckers revenue typically depends on the distance, the load and the frequency of trips made by the trucker. While the travelled distance is one factor, …
Politicians will campaign and try to get the electorate to truck towards a voting booth. But, our humble trucker will be keeping the economy trucking. They will be crisscrossing the country to keep the economy chugging along. The government should let these guys use the e-ballot service. In fact, many in India don’t have any idea about using the e-ballot …
The Government is backing logistics, are you? India is going through a digital revolution and the numbers are in favour of a sea change in the way we will do business. The number of Jio subscribers has increased to 280 million. The number of digital villages in the country is soaring and the government has plans to digitize 100,000 villages. …
Just pull out any report and the top three logistics businesses in India would be DHL, UPS and FedEx. Strangely, all these multi-billion dollar companies are from the USA. India’s largest logistics companies by revenues are Concor and TCI. The former is perhaps going to breach the $1 billion mark when we close the books of the financial year 2019. …
This combination of factors— low pay, high risk and low quality of life is driving a decline in the number of truck drivers. Truck drivers have been celebrated in the USA as the ones who criss-cross across the nation building the country’s GDP. They have been eulogised in songs and movies. The Indian driver is depicted as a hardworking, but, …