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The European Union’s surprise decision to end container shipping lines’ exemption from competition law next April and imposing carbon taxes on them from January, mean the lines already have a challenging 2024.
Recent air freight rate increases may suggest a stabilising market, they are still well below last year and where they started this year, and supply continues to enter the market on some lanes.
Road freight capacity is returning to normal and there is significantly more volume than in the pandemic years. Nevertheless, freight rates remain at a high level, driven by rising diesel prices, which are further threatened by conflation in the Middle East.
See our latest reports, reviews and insights across road, sea and air modes.
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