Jun 26, 2020 / 05:30AM GMT
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because of the discount given by railways, 25% of the empty movement, our empty running cost, again, got reduced compared to last year, in '19/'20 compared to '18/'19, and the empty running cost has come down by almost 11%.
We lost market share last year because we have not participated in, one, short-lead traffic where the margins are either very low or negative; and two, on a long-lead traffic where people are going for a lot of deep discounts and price cuts, we avoided. We maintained our margins. So instead of picking up volumes, we looked at our -- maintaining our margins. So we lost around 6%. We are very hopeful of picking up these volume over the coming years because now we are trying -- we are giving the complete end-to-end logistics solution, which we were providing earlier also, but we are working more on that now, providing the end logistics connectivity to the more and more customers, but we are calling it FMLM, first-mile last-mile logistics.
So this year, our focus, our emphasis is more on this. We are going for more and more digitization.
Q4 2020 Container Corporation of India Ltd Earnings Call Transcript
Jun 26, 2020
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