Express cargo ind braces for rate hikes post Jet grounding
Jet Airways' grounding has resulted in delays in certain sectors for air parcels and led to fears of other airliners jacking-up fares for the express logistics sector, an apex body said Monday.
The two primary concerns emanate from capacity and the fear of costs going up in the future, a senior functionary of the Express Industry Council of India (EICI) said.
"Excess capacity with airlines has ensured that there is no impact from the capacity perspective. Rates have also held on till now, but we fear rates will go up," the council's chief operating officer Vijay Kumar told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.