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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.

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