Russian warehouse logistics rates passed ‘the bottom’, to rise soon

Rates in warehouse logistics have reached its ‘bottom’, will no longer be cheaper, PortNews IAA reports citing the analytical review by Relogix, a logistics provider.

"Tariffs of 2009’s level (below $0.30 for the storage of a r/m a day) will unlikely be seen on the services market,”-PortNews quoted Vera Gorbacheva, Sales and Marketing Manager of Relogix as saying, “This rate, like many other "cheap tariffs”, are much below the level of profitability. "

According to Vera Gorbachev the companies who had managed to curb their costs and were able to gain the ground, will not resort to dumping prices. "And we do not rule out that in the near future amid rising lease rates by the major logistics complexes some tariffs growth for the services providers is quite possible", Mrs. Gorbacheva said.

Source: Port News