Freight costs stabilising after volatile 2012
The cost of moving tyres and wheels between Asia and major European markets such as the UK should stabilise in 2013 after the wild fluctuations of 2012, according to the CEO of Suffolk based freight forwarding company Maritime Cargo Services, Rob Shelley. As shippers and shipping lines battled hard on this trade route in particular the cost of moving containers varied greatly over the course of the year, “making costing and budgeting in the tyre industry somewhat challenging,” Shelley says. As fewer goods were imported under economic austerity measures towards the end of 2012, shipping lines reduced capacity accordingly. But with global trade expected to creep upwards again in 2013, Shelley expects shipping rates to rise moderately as shippers control their expansion.