Businesses in the western region are the most optimistic about export freight demand and are already transporting more than 76% of goods via railways. More than 40% of businesses expect cost of transportation to increase in Q2 2022. This is based on an all-India survey by Dun & Bradstreet, a leading global provider of business data and analytics.
Dun & Bradstreet released the 2nd edition of its all-India survey - Railway Freight Activity Optimism Index (RFAOI) - in collaboration with Jupiter Group, a premier manufacturer of railway wagons, passenger coaches, wagon components and castings.
The RFAOI survey was conducted to measure the optimism levels of rail freight users (industry players and logistics service providers) to assess whether rail freight activity in India is expected to improve, remain steady, or decline. The index is composed of 14 sub-parameters across four sub-indices - optimism around factors of supply, operational efficiency, investment, and demand.
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Lifting & Specialzed Transport, August - September 2022