CMA CGM cuts freight rates for French importers

CMA CGM has reduced its freight rate per 40 ft container by €750 (US$765) for all imports from Asia for all its customers in France, after criticising any move potential move by governments to impose windfall taxes on companies with high profits amidst current inflationary pressures.

The French government has so far opted not to impose such a tax, whilst encouraging companies to voluntarily help customers.

The Marseille-based company had initially planned to reduce rates by €500 (US$510) for imports into mainland France and overseas territories.