Breaking! CMA CGM makes the decision to stop all spot rate increases!

CMA CGM makes the decision to stop all spot rate increases!

Since the beginning of the COVID19 pandemic, freight rates have continued to rise to unprecedented levels, plunging the entire global supply chain industry into a battle for survival.

However today, Keys Freight and Logistics welcome news from French
Carrier, CMA CGM, that effective immediately, all spot freight rate increases will be put on hold for all services operated under it’s brand (CMA CGM, CNC, Containerships, Mercosul, ANL, APL).

This is a breakthrough amidst what we can only describe as a perfect storm, which has crippled supply chains around the world. We can only hope that this bold announcement by CMA CGM today, has a flow on affect to other carriers and that we see some relief for businesses.

The decision applies to spot rates and is effective from today, until February 2022.

We thank you for your continued cooperation and support during what has been a very challenging year.

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