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British Freight Lobby Slams ‘Profiteering’ in Container Shipping

  • BIFA cites ‘huge market consolidation’ needing investigation
  • Rates for air and ocean freight have more than tripled

The British International Freight Association is calling on the U.K. government to investigate the state of competition within the global container-shipping market, as transportation costs remain elevated heading into the third year of the pandemic.

The lobby group, which represents freight-forwarding and logistics firms, said its members are concerned that certain practices and exemptions provided to shipping firms are leading to “distorted market conditions.”