When goods are damaged during transit, determining who bears the expense can be tricky. Liability often depends on the terms of the contract between the seller, buyer, and shipping company. In many cases, the shipping company is responsible if the damage occurs due to mishandling or negligence. However, if the goods were inadequately packed or insured, the buyer or seller may have to bear the cost.
Who Will Pay for Damaged Goods During Transit? Understanding Liability
India offers several prestigious government colleges for those pursuing a career in logistics and supply chain management. These institutions provide specialized courses designed to equip students with the knowledge and skills required for the growing logistics industry. Some of the leading colleges include the Indian Institute of Transport Management (IITM), National Institute of Industrial Engineering (NITIE), and Indian Maritime University (IMU).
Best Government Logistics Colleges in India
Overloading a truck can lead to severe penalties, including hefty fines, vehicle impoundment, and even suspension of the truck’s registration. Additionally, drivers and operators may face legal consequences, such as imprisonment in extreme cases. Overloading can also result in increased vehicle maintenance costs and reduced lifespan. In the long term, these penalties not only impact businesses financially but also harm their reputation and trust with clients. Compliance with weight limits is essential for the safety of everyone on the road and to avoid costly consequences.
The Dangers of Overloading Trucks: Legal Rules and Regulations
When purchasing a truck, it's essential to consider its future value after five years. Depreciation plays a significant role in determining how much your vehicle will be worth down the road. Typically, trucks lose around 20-30% of their value within the first year and continue to depreciate at a slower rate after that. Factors such as make, model, mileage, and condition all influence the rate of depreciation.
.jpg)
The rise of autonomous truck technology has sparked concerns about its potential impact on employment in the trucking industry. As self-driving trucks become more advanced, there are fears that many truck drivers may lose their jobs due to automation replacing human labor. However, while automation could reduce the demand for some driving positions, it is unlikely to eliminate the need for drivers altogether, at least in the near future.
.jpg)
Will Automation in Trucks Lead to Job Losses for Truck Drivers?
The PM Gati Shakti Policy is an ambitious initiative launched by the Indian government aimed at improving multimodal connectivity and logistics infrastructure across the country. The policy integrates various sectors like railways, highways, ports, and airports, creating a synchronized network that facilitates efficient movement of goods. By utilizing technology and data-driven systems, Gati Shakti ensures seamless coordination between different transportation modes, boosting the overall supply chain ecosystem.
Sankeshwar’s success can be attributed to his strategic approach, innovation, and a strong focus on customer satisfaction. He understood the importance of investing in technology, fleet management, and skilled human resources to ensure smooth operations. By continuously adapting to changing market demands and building strong relationships with clients, Sankeshwar was able to expand his reach across India. Today, his company stands as a testament to hard work, perseverance, and smart business practices, playing a significant role in India’s logistics and transportation sector while creating thousands of job opportunities.
From Truck Driver to Owner of 5,700+ Vehicles: The Journey of Vijay Sankeshwar
