The impact of this has been much higher in states like Bihar, Uttar Pradesh, Maharashtra, and Madhya Pradesh. Because these are the states that were particularly difficult for truckers to move through, a year ago.
ICRA conducted a survey with over 50 major transport companies of the country and found that the road-transport turnaround time has reduced by close to 18-20 per cent.
This is because harassment at interstate borders as well as checking of clandestine movement of goods has come drastically down since GST and the e-way bill.
It’s evident that travel time of long-haul trucks and other cargo vehicles has dropped by at least one-fifth of the total time. When the movement of freight becomes hassle free, that is what will cost the demand for high-tonnage trucks. And that will, in turn, reduce the cost of transportation of freight.
However, since the introduction of the e-way bill, and even with initiatives by the government to popularise if, with truckers, industry professionals, and the public, there were some states that adopted and implemented it later than the rest. For example, Punjab and Maharashtra were two states that implemented it just recently so it will take another quarter to fully see the results of the e-way bill and its impact on transportation.