Month: January 2024

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SURCHARGES & FORECAST CHANGES

Following the events in the Red Sea and the announcement of the suspension of navigation in the area by major shipping companies, disruptions are multiplying in the entire logistics industry.

In a matter of days, a significant portion of the usual traffic is being diverted towards the Cape of Good Hope.

Major companies are taking extreme measures by piling up surcharges intended to offset additional costs and justify “at-risk” operations.

In addition to the usual PSS (Peak Season Surcharge) ahead of the Chinese New Year, companies are imposing ECS (Emergency Surcharges), ERC (Emergency Fee), and other charges. Maersk, for example, has imposed a TDS (Transit Disruption Surcharge) while other steamship lines are imposing surcharges of several hundred dollars per container, some of which are applicable without any prior notice.

The question arises as to whether it is reasonable for companies to take so many measures or if it is time to restore profitability that has been declining for several months.

Egypt, as collateral damage, has been cut-off from its second source of income. Currently, the freight for a container is approximately $500,000.

All routes have been affected by these surcharges, whether routed through the Suez or Panama.

The long-term consequences on freight rates and logistics operations remain uncertain.

Regarding air transport, freight rates could also react to urgent shipment demands, especially for high-value and/or time-sensitive goods. Warehousing has also been impacted.

REEFER DEVELOPMENT

Given the development of our Reefer business, we have significantly increased our positive and negative refrigeration storage areas.

These developments ensure the quality of our services, increasing our storage capacity for refrigerated goods to 50,000 pallets, at various strategic sites: near the port of Le Havre, but also in Lyon for operations in the South of France.

In addition, a new groupage service (LCL) called “Reefoods” will soon be introduced.

WAREHOUSES : MORE SPACE IN 2024

Your TMT USA Inc. logistics warehouse solutions anywhere in the USA!

GULF : Houston

EAST COAST : Chicago – Baltimore – New York – Norfolk – Charleston – Savannah – Miami

WEST COAST : Seattle – Napa – Oakland – Los Angeles

Please note: TMT USA provides dry and reefer solutions at various ports on the East and West coasts.

CANADA: Reefer solutions for positive (+2/+4) and negative refrigeration are also available via Montreal.

FRANCE : 

Fos-sur-Mer (Port Saint Louis) from 3,000 to 6.000m2.

Montivilliers from 11,000 to 18,000m2.

BELGIUM : Antwerp: An additional 8,000m2.