Starting from last week, freight transport has been slow 30 per cent of highway trucks have halted their transportation service, according to Myanmar Highway Freight Transportation Service Association (MHFTSA). Freight charges for high way trucks from Yangon to Mandalay, Muse, Magway, Ayeyawady, Pyay and other areas have significantly dropped as volume of shipment is down. Following suspension of truck service, we are discussing with freight forwarders to scale up 5 to 10 per cent of freight cost, said U Ko Ko Naing, chair of MHFTSA.
At present, China has suspended purchase of goods through border trade channels. Therefore, freight shipment volume has declined. Freight cost has decreased from 81,000 to Ks 68,000 per ton for Yangon-Muse route and from Ks 38,000 to Ks 31,000 per ton for Yangon-Mandalay route. Similarly, 30 per cent of transportation service in Magway, Pyay, Ayeyawady and other places are being suspended. Freight cost of highway trucks depends on volume of shipment.
There are two freight services in highway transportation sector, service for general goods and charter truck service for particular single item. The trucks running for various goods are currently suspended. There are 14 main routes for highway freight service, with 70,000 heavy trucks and nearly 200,000 light trucks.
Source: Global New Light of Myanmar