TITLE

China freight cost risks market revolt

AUTHOR(S)
Lewis, Mark
PUB. DATE
November 2004
SOURCE
Cabinet Maker;11/26/2004, Issue 5416, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that companies importing furniture from China are being squeezed by rapid rate increases on freight, making them look to eastern Europe as an alternative. The Far Eastern Freight Conference, which sets the price of freight from China for its 15 members, has already overseen increases of 18 percent in the six months for July. Surcharges for fuel and currency adjustment, which are usually charged as a percentage of standard rates, have also been on the increase because of the rising price of crude oil and the falling U.S. dollar.
ACCESSION #
15262796

 

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