Carriers ‘using pandemic to boost profits’ claim, as Asia-Europe rates explode

Container freight rates from Asia to Europe are going through the roof, mirroring the trend on the transpacific, with regulators seemingly unable to stop the relentless onslaught on shippers that threatens to sink business.
European and US importers outside or in excess of contract are seeing their freight budgets destroyed by unprecedented FAK and GRI hikes that many fear remain until at least Chinese New Year in February.
After a “shock and …

The post Carriers ‘using pandemic to boost profits’ claim, as Asia-Europe rates explode appeared first on The Loadstar.

Source: The Loadstar

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