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May 02, 2022

FreightSigns

What is the goods traffic, and the free cash flow of fleet operators, telling us?

Rising diesel prices lift freight rates

 

In April, transporters passed on higher diesel prices by raising freight rates on several routes.

 

However, fleet utilisation was flat on-month. While there was higher utilisation for agri-products, cement, mining (largely coal and iron ore), and parcel/loose goods, this was offset by slightly lower utilisation for auto-carriers, market load, and steel.

 

Utilisation remained unchanged for fast moving consumer goods (FMCG)/ fast moving consumer durables (FMCD), containers, textiles, and petroleum tankers.