Special Report on Logistics, Impact of 2024 Problem on Freight Rates and Transportation

The so-called 2024 Problem, which refers to a cap on overtime hours for truck drivers in Japan that came into effect in April and results in transportation capacity shortages, has reached the rubber-related industries as well. Not only are transportation costs continuing to rise, but the conditions demanded by shippers, such as shorter waiting times for cargo, are becoming even…

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