Subscribe to RSS feedK+N in gloomy outlook as rate rises predicted to fail
by
Roger Hailey, London
—
last modified
Jul 23, 2009 05:37 PM
GLOBAL freight forwarder Kuehne+Nagel predicts that container lines on the Asia to Europe trade will achieve no more than 50% of their recently proposed box rate increase.
K+N International chief executive Reinhard Lange told analysts: “Carriers on the Asia to Europe trade lane have introduced rate increases of up to US$600 per 40 ft box. I would assume that they will reach 40% or half of that...
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