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, the industrial location plays a more significant role. In established places, truckers, get a higher income and an immediate loading without any halts or delays, and in lesser economically development region, they do not get quick loads and halting is more and may have to travel nearby place to get loads which is expensive for truckers.
What are these prominent regions and how do they affect?
Let’s look at Tamil Nadu, which is a part of the East Coast Economic Corridor (ECEC) and is a more developed industrial corridor in the south of India. Hence, getting a load from Tamil Nadu with a fair freight is not a problem for truckers. However, if a trucker is running between Tamil Nadu to the east (Kolkata region), though he has received a reasonable freight price from Tamil Nadu (to Kolkata) getting a return load from Kolkata is a huge challenge. A trucker, in this case, has to circle the nearby areas to get a return load, and the freight is almost 30% to 40% less for the same distance and same toll price.
So is the case with loads to Cochin. Cochin is a service economy, and truckers have to look for places around nearby Tamil Nadu border to get a return load. Sometimes the truckers drive empty for 200 Kms to get load. A barren run means a massive loss for the trucker.
On the other hand, both Mumbai and Gujarat regions are a part of DMIC (Delhi Mumbai Industrial Corridor), which is popular amongst truckers for better pay. By transportation statistics, Gujarat has more industries across the state and truckers are happy to travel to Gujarat from the South as they immediately get a return load with higher freight price.
A city like Bangalore is a booming service economy with major IT companies and has a vibrant billion dollar startup ecosystem. For truckers, however, Bangalore is not the right place to get loads and reasonable price as compared to Chennai and Hyderabad. Both Chennai and Hyderabad have more manufacturing units than Bangalore.
In the North, NCR is a prominent industrial corridor and truckers are happy to go here from other parts of the country. For a load between Coimbatore and Delhi, if trucker makes four trips, he may earn more than 5 Lakhs which is an excellent revenue for any trucker in comparison to the average income around 2.5 to 3 lakhs for a 21T capacity truck.
Based on this data and analytics, there are many prominent industrial belts in the country, and these give better freights to the truckers. If we further subdivide, we can classify the location based on sub-sector industries like textiles, cement, machine tools, FMCG and so on to evaluate the revenue analysis per sector.
Hence, equal and uniform economic development in all regions is essential for the people in the area as well as truckers. For truckers, this will minimise the inefficiencies concerning the load allocation, costing and time to secure next load. To conclude this, uniform and distributed development of all regions/areas are good for the people of the country as well as truckers community to get good revenue.