PUBLISHER: Container News (container-news.com)
Shippers and freight forwarders in India’s Chennai region can breathe a collective sigh of relief as container trailers have called off their stoppage action that lasted nearly four days.
The strike was lifted after reaching a new deal on hire charges at a meeting between trailer owners and other stakeholders on Thursday (7 July) evening.
According to available information, container freight station (CFS) operators agreed to implement a 25% rise in trailer hire rates, compared to an 80% increase demanded by the vehicle owner association.
The region includes terminals at the ports of Chennai, Ennore and Kattupalli.