Part Truck Load Market in India: Waiting for a rejig || XpressNews || WebXpress

  • February 20, 2023

The Indian road freight transport market constitutes a share of 85% of the entire logistics sector, and is expected to grow at a CAGR of 6% during 2022-2027. It went through severe ramifications during the pandemic with only about 20% of the country’s entire fleet of trucks being allowed to operate during the first ever lockdown, and the damage trickled further with subsequent ones. The Indian freight industry is today akin to a jigsaw puzzle – waiting for perfect fits among the several oddly shaped scattered pieces of suppliers and buyers rather, truckers and shippers, for the perfect interlocking or optimized operation.