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Truck Owners Find e-payment At Tolls A Hurdle

Truck operators have said they are facing huge problems in making e-payment at tolls. At many tolls the systems do not work making it a huge cost for them.

Fleet operators, who on average handle between 20 and 100 trucks, said that they cannot keep Rs 50,000- Rs 1 lakh idle in their accounts for every truck and also provide cash to the vehicle crew, budgeting for e-payment systems not working.

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On GST road, there’s no checking India

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The ‘One Nation One Tax’ slogan isn’t just about uniform rate, it is also about removing check posts at borders, which often clog traffic for hours, delaying shipment of goods.

While several states have been proactive in removing check posts voluntarily, many more are expected to dispense with the posts for commercial taxes on Saturday when the goods and services tax (GST) kicks in.
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Impact of GST on Transport Sector

Taxation on transport sector at a national level will result in

  • more efficient cross-state transportation
  • less paperwork for road transporters
  • bringing down logistics costs

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Logistics Firms Will Be GST’s Biggest Unnoticeable Beneficiaries

With the introduction of the Goods and Services Tax (GST) from July 1, 2017, inter-state transportation of goods would become more efficient. And among all, the logistics sector, comprising inbound and outbound segments of manufacturing and services supply chains, is likely to get the much-needed boost.

Logistics companies in India are moving from traditional setups towards integration of IT and technology and this is expected to reduce the costs incurred and meet service demands.

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IoT: the smart way to reduce transport risk and operational costs

It’s a well-known fact that the logistics industry impacts a very large segment of business worldwide with an estimated market size of more than four trillion.

Logistics is a key growth parameter for most industries and sectors including e-commerce and manufacturing.

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Mahindra and Orix India Sign MoU for CV Loans

Orix India has announced a tie-up with Mahindra group to provide vehicle finance on the purchase of medium and heavy trucks of the automaker.

Orix India is a 100% subsidiary of Japan’s largest car leasing company Orix Corporation. It is also into self-drive car rental and consumer finance. Read more

India’s own GPS set to hit the market early next year

From next year onwards if you ever lose your way in any part of the country or anywhere in the Arabian sea, ‘NavIC’ will come to your rescue and help you find your bearings.

Yes, India’s very own desi Global Positioning System (GPS) is operational and is set to hit the market for public use in early 2018.
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Impact of E-Way Bill on Indian Logistics Industry

Road transport in India is a crucial part of the country’s transport and logistics industry.

With a 10% annual growth every year, the sector has reaped the benefits of rapid expansion in the automobile industry, changes in taxation, and the boom of the e-com sector which relies on logistics for pan-India service.

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DGFT constitutes GST facilitation cell for exporters

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Directorate General of Foreign Trade (DGFT) has constituted a GST facilitation cell in DGFT headquarters to assist and advice exporters, trade and industry for smooth transition from present regime to GST regime from 1st July 2017.
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Industry slow to adopt Uber-for-freight model

The Uber model for trucking still may be poised to revolutionize freight mobility, but its growth may be moving at a slower pace than anticipated.

And that could be because the trucking industry as a whole is still resistant to it.
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