Shippers and forwarders deride CMA CGM’s rate cap as ‘high level torture’

Freight forwarders and shippers have responded to CMA CGM’s pledge to stop spot rate increases until 1 February with a raised level of cynicism.
The carrier announced yesterday it would suspend spot rate increases for all its services and those of subsidiaries, including CNC, Containerships, Mercosul, ANL and APL.
“Although these market-driven rate increases are expected to continue in the coming months, the group has decided to put any further increases in …

The post Shippers and forwarders deride CMA CGM’s rate cap as ‘high level torture’ appeared first on The Loadstar.

Source: The Loadstar

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