Current Situation Update
From Global Trailer Magazine: The effects of inflation on the supply side of the European road freight market have led to substantial increases in rates in Q1 2022. The war in Ukraine and the restriction of oil supplies from Russia into Europe has led to further upward pressure on prices. The Q1 2022 European Road Freight Rate benchmark was 7.5 points higher than this time last year, increasing 4.3 points since the last quarter. Read the full article here
Container terminal productivity across Northwest European ports has deteriorated significantly over the past three years due to the challenges of handling larger exchanges, as carriers have consolidated port calls in the face of volatile cargo demand, according to the latest Ports & Terminals Insight report published by Drewry. To counter the impact of volatile demand patterns and risk of congestion, carriers have adjusted their schedules to reduce the number of port calls per rotation, leading to large increases in parcel sizes. Full report here
European exporters wary of UK customs switch with traders still unprepared. From October, UK imports will run through the updated online system the Customs Declaration Service (CDS), as HMRC terminates support for the Customs Handling Imports and Exports Freight Platform (CHIEF) – but, with 14 weeks to go, many users have yet to make the switch. Some are predicting a trouble time ahead read the full story in The Loadstar here. If you wish to discuss this further or have any immediate questions please do not hesitate to contact our customs division firstname.lastname@example.org
The opportunity to submit your questions to any member of our team who are here and ready to help with up to the minute advice or information that you need about any aspect of your current supply chain business.
Contact us via email at email@example.com