Economics
Freight Firms Cashing In on Brexit Bake In Higher Shipping Rates
- Cross-Channel transport demand returns as stockpiles dwindle
- Higher costs to move goods to continent are looking structural
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Freight rates to ship goods across the English Channel have surged after Brexit, and some of that increase is expected to remain permanent.
The cost of moving full truckloads from France to the U.K. last week was 39% above the third-quarter average, according to high-frequency data from the global logistics platform Transporeon. The figures were boosted by the resurgence in demand for transportation last week, to 78% of the average for the same period after a lull over the New Year.