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Slowdown – Inventory correction on

Posted by fairval on November 25, 2008

Since Diwali, it appears there is a massive slowdown in goods movement. Sources in the transport business tell it is getting harder to keep trucks rolling regularly. This is amongst the worst slowdowns in memory, according to one fleet owner.

For the transport sector, the whammy comes from both local and global slowdown. For ex, ore exports have almost crunched to a halt throughout India. The bellary region apparently exports ore to China. Nothing has moved in last one month apparent. Exports to Japan from Goa are down considerably.

Even petroproduct movement is down. Apparently the demand for tankers at HP and BP’s Mumbai refineries is down to almost 50%.

It seems businesses across the line are undergoing an inventory correction.


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