Multinationals hike US rates

WHEN a swathe of major airlines publicly announced rate rises in late summer 2009, the reaction was one of derision from major forwarders. They said that raising rates in a recession was madness and that the process was doomed to fail from the start.Yet now, beginning in the US, integrators and major forwarders have publicly announced their own rate rises – for most something that has not happened since the middle of the last decade.DB Schenker has now joined FedEx and UPS in officially announcing rate increases in the US market. For the first time in its history the company has used public channels to notify customers that rates in its intro-North American network will go up effective from 1 March.Rate changes are going to vary by product and range. Prices for the company’s first arrival and one-day saver products remain unchanged, while ground services go up by four per cent on average and air services six per cent.It is Schenker’s first rate increase in the US since 2005, a company spokesperson confirmed.For the full story read the latest issue of Air Cargo News, dated 29 January. To subscribe, click on ‘Subscribe’ above.

Share this story

Related Topics

Latest news

British Airways’ UK cargo handlers set to strike again

By Damian Brett

British Airways’ (BA) cargo handlers in the UK are set to strike again over changes to pay and conditions. Nine…

Read More

Share this story

SpiceJet continues vaccine distribution efforts

By Rachelle Harry

SpiceJet has signed a Memorandum of Understanding (MoU) with the operator of India’s Sardar Vallabhbhai Patel International (SVPI) Airport that…

Read More

Share this story

Lufthansa Cargo gets to work on developing its Frankfurt hub

By Damian Brett

Lufthansa Cargo is getting to work on developing its logistics centre (LCC) at its home hub of Frankfurt. The airline’s…

Read More

Share this story