Sea and Air Freight Movements
Air freight rates and capacity have been hit hard. As the majority of air freight travels in the hold of passenger aircraft, capacity is at an all time low and prices at an all time high. No rate validity is now being offered by airlines. Sea freight containers and services have been hit too as there are big imbalances in the position of containers worldwide. Demand for sea freight will inevitably increase as the ban on non-essential air travel continues. Our Sea / Air freight and Time-Critical departments will be happy to see what solutions they can put in place for you. ( sea@, air@ or email@example.com)
What can you do to help?
Please check with your customer or supplier in Europe that they are open to allow us to deliver to or collect from them. Providing us with their contact details (name of contact, telephone number and email address) will help our partners to manage the freight movement and keep them informed of any delays. Extra charges may be incurred by us if drivers are unable to deliver or collect as planned due to factory closures.
What is Espace’s business continuity plan?
We are currently putting IT measures in place to allow all our staff to work from home if required. Our service to you should not be affected. We have currently not made the decision to close our offices and work remotely. We are putting everything in place to make sure we can do this when we choose to or when we are forced to. As soon as our remote working plan is finalised, and we have a date for its implementation we will let you know by email and phone.
What are the other possible effects of Coronavirus on European road freight?
It’s inevitable that at some stage for European part and full loads there will be issues of trailer availability to consider. Many countries have now imposed a 14-day self-isolation period on drivers that have made deliveries to Italy. As a result, we foresee some major availability issues for Italian full load movements.
As drivers contract the virus or have to self-isolate as a result of living with a partner with its symptoms, the availability of international UK and EU HGV drivers will be seriously affected. Demand for freight movements may reduce in Europe as companies temporarily close for extended periods of time. However, if the demand for European full load movements remains constant or increases with a diminishing supply of drivers, the basic law of economics will kick in and we will see an increase in freight rates.
Also, even though the U.K has fewer reported cases and deaths from the virus, there has been a marked weakening of Sterling against the Euro. It is currently at £1=1.098 Euros, the lowest it has been in the last 6 months. As most European haulage is carried out by European hauliers and paid in Euros, this devaluation of the Pound is having a considerable impact on our supplier costs.
We will continue to keep you informed of restrictions on European freight movements as they happen. Please ensure you check that your customer or supplier is open for business and provide their contact details. When we provide you with a quotation, we will advise you of any freight movement restrictions in the EU country in question.
Please direct any further questions to your Freight Account Manager and we will endeavour to answer them as quickly and accurately as we can.