In June, transporters passed on the full effect of a drop in diesel prices, by lowering freight rates on several routes.

However, fleet utilisation also dropped. Utilisation in agri products, auto-carriers, FMCG/FMCD, petroleum tankers, and textiles declined at a faster rate. The remaining segments, such as market load, parcel/loose goods, mining (largely coal), and container saw, saw slower decline in utilisation.