South Central Railway (SCR) and Kesoram Industries Limited have signed a Long Term Tariff Contract (LTTC) agreement here on Friday.
The move will give long term stability and certainty in the freight tariff rates to corporate freight customers of Indian Railways, an SCR release said.
Once a customer enters into an LTTC Contract with Railways, the freight tariff rate will remain fixed for one year.
This gives predictability and stability in freight rates and helps the customers to plan their logistics for that year, without worrying about change in rates. The scheme also gives incentives to the freight customers in the form of freight discounts, if the customer exceeds the previous year’s freight contribution. It is a growth linked incentive, the higher freight the customer contributes over previous year, the higher the discount, the release said. Read More…
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