Logistics costs set to rise as freighters hike tariffs

MUMBAI: Truckers and transporters are increasing prices by as much as 80% and freighter operators are adding surcharges for transportation of goods as they grapple with regulatory challenges, shortage of manpower and a huge slump in supply.This will increase logistics costs for companies and products’ cost as well, industry executives said.Truckers have increased tariffs by up to 80%, said people aware of the matter. Blue Dart has implemented a 25% emergency situation surcharge (ESS). Air India said it will increase freight charges by 90% per kilo if it doesn’t have sufficient cargo to ferry.“Truck rentals have shot up for essential items such as fruits and vegetables despite a waiver of toll fee, motor vehicle taxes and some other incentives such as deferment of EMIs on truck loans,” said SP Singh, a senior fellow at the Indian Foundation of Transport Research and Training.

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