Insurance sector braces for IATA DAWB liability change fallout
The insurance implications of IATA’s controversial Direct Air Waybill (DAWB) changes are emerging as one ...
GM: TRADING UPDATE OUTUPS: REMEMBER THE TAILWINDS PLD: NEW RELEASEPLD: OUCHVW: NEW PARTNERS SOUGHTEXPD: AIRCRAFT ON GROUND SERVICESTSLA: JUST AS VW STRUGGLESBA: NEW BIG ORDERBA: THE ORDERBOOK GROWSPLD: PUSHING FOR A DEAL PLD: TIME TO DEALEXPD: ANOTHER ALL-TIME HIGH CHRW: NEW RECORD DSV: AHEAD OF EARNINGS RELEASE JBHT: NEW HIGHS EVERYWHERE
GM: TRADING UPDATE OUTUPS: REMEMBER THE TAILWINDS PLD: NEW RELEASEPLD: OUCHVW: NEW PARTNERS SOUGHTEXPD: AIRCRAFT ON GROUND SERVICESTSLA: JUST AS VW STRUGGLESBA: NEW BIG ORDERBA: THE ORDERBOOK GROWSPLD: PUSHING FOR A DEAL PLD: TIME TO DEALEXPD: ANOTHER ALL-TIME HIGH CHRW: NEW RECORD DSV: AHEAD OF EARNINGS RELEASE JBHT: NEW HIGHS EVERYWHERE
Forwarder group Fiata has welcomed the EC decision not to extend the Consortia Block Exemption Regulation (CBER), noting it is “key” for forwarders.
Dr Stephane Graber, Fiata director general, said: “Forwarders play a significant market role and are also users of the transport system in direct competition with carriers acting as their service providers. Fiata welcomes the commission’s recognition of forwarders as important supply chain stakeholders in its CBER consultations and staff working document.”
Fiata claimed the “intended benefits of the CBER [were] no longer met”, and that “feedback received by Fiata showed that freight forwarders had not benefited from anticipated service efficiencies, and consumers “had not received significant cost savings”.
Dr Graber added: “Fiata applauds the extensive considerations of the commission… that the CBER no longer promotes competition in the shipping sector, nor does it lead to any noticeable efficiency gains for the users of the system.”
Forwarders’ main concerns were over “the heightened risk of unfair market conditions under the CBER”, she said.
However, Fiata did acknowledge that “the expiry of the CBER does not mean consortia are prohibited in the EU”, adding: “It appreciates that any possible consortia in the future will be subject to strengthened supervision, based on the EU antitrust rules that apply to all other economic sectors.”
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