German premium car manufacturer Mercedes-Benz’s decision to cut its freight costs by 10% from 1 February, resulting in a corresponding reduction in freight rates, has caused uproar among the country’s SME road hauliers serving the industry [The Loadstar]
They see the move as squeezing already slim margins further.
Industry federation BGL claimed such a move, thought to be industry-wide, lacke legitimacy and it would push its members out of a market of «ruinous» rates in favour of low-cost providers from Eastern Europe.
The study analyzes the sea freight market by the end of April — beginning of May 2021. It reveals the problems associated with the movement of goods in various regions of the world, highlights the latest developments in the industry and gives a forecast for the next month
Main insights for the first half of January 2025
