North America Edition
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The cost of shipping goods from France
to Britain has surged in the past year both because of Brexit and the coronavirus. Cargo rates into the UK from France have gone up 44.7% in the year through February. That reflects lower capacity to move goods and increasing reluctance of hauliers to take goods across the border.
The figures are the latest to indicate friction at the UK border slowing trade following the end of the country’s membership of the EU. It is also part of a broader global surge in shipping costs that is prompting manufacturers and their customers to seek cheaper solutions, such as buying their own shipping containers and chartering vessels.
According to moneyweb.co.za, in the UK, the issues are exacerbated by new customs paperwork required for truckers seeking to move goods across the English Channel.
Photo source: Dreamstime.com
