Transport Corporation of India (TCI) is targeting to lower the share of its freight business, which is the firm’s lowest margin segment, to 33 per cent in its total revenue pie, over the next three years.
For the first nine months of last fiscal, the freight segment accounted for 38 per cent of total revenue. The freight division, which is the basic transportation service segment, had an operating margin of 3-5 per cent.
TCI has three key business segments - freight, express and supply chain - of which express and supply chain provide transport-based business with value-added services.
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