With the direct port delivery (DPD) service at Jawaharlal Nehru Port gaining traction, container freight station (CFS) operators near the port are cutting jobs as revenue volumes drop amid high capital costs.
“Earlier, we were handling 4,500-5,000 containers per month. But since the DPD service, this has halved to 2,000 containers (per month). We have had to shrink operations,” Jude Fernandes, vice-president of KerryIndev Logistics, told Business Standard. “We have reduced nearly 40 per cent of our sub-contracts. This has led to job cuts in the industry,” he added.
Surveyors, drivers, security, house keeping and labour contracts among others are part of