Container Freight Station
Red Sea crisis pumps up global container prices, ocean freight rates
At $3,072, prices per 40-foot container highest in 15 months
 "Red Sea crisis pumps up global container prices, ocean freight rates")
Container freight station operators face job loss as revenue volumes drop
With direct port delivery (DPD) services rising at Navi Mumbai's Jawaharlal Nehru Port (JNPT), container freight station (CFS) operators in the area are cutting jobs as revenue volumes drop amid high capital costs."Earlier, we were handling 4,500-5,000 containers a month. Since the DPD service, this has halved to 2,000 containers. We obviously have had to shrink operations," Jude Fernandes, vice-president of KerryIndev Logistics, told Business Standard. "Nearly 40 per cent of subcontracts have been reduced by us. This has led to indirect job cuts.Surveyors, drivers, security, house keeping and labour contracts are among the subcontract segments in the CFS sector. KerryIndev, with CFS facilities at JNPT, Chennai, Tuticorin and Puducherry, is a leading logistics service provider. It has 20 acres at Navi Mumbai, including 12 acres of container stockyard being used and over 2,000 employees.DPD services allow importers and consignees to take delivery of containers directly from port ...
 "Container freight station operators face job loss as revenue volumes drop")
