Ministry of Land, Infrastructure and Transport Confirms Freight Truck Safety Freight Rates for This Year

Cargo Truck Safety Freight Rates Applied in 2022 (Data provided by the Ministry of Land, Infrastructure and Transport)

The Ministry of Land, Infrastructure and Transport announced on the 6th that the safety freight rates for cargo trucks this year will be administratively notified from the 7th to the 16th and officially announced within this month.

This year's safety freight rates for cargo trucks were finally approved by the Cargo Truck Safety Freight Rate Committee on December 30th of last year. The cargo truck safety freight rate system is a system that publicly announces the minimum freight rates paid to cargo truck owners and transport operators to improve the working conditions of cargo transport workers who frequently experience overwork, overloading, and speeding, and to ensure cargo truck safety.

For import and export containers, the safety transport freight rate paid by the shipper to the transport operator increased by 1.68%, and the safety consignment freight rate paid by the transport operator to the cargo truck owner increased by 1.57%. Transshipment cargo freight rates remain frozen, while port hinterland complex freight rates increased by 1.5%.

In the case of cement, the safety transport freight rate increased by 2.67%, and the safety consignment freight rate increased by 2.66%. Additional provisions regarding freight surcharges and application methods, such as applying holiday surcharges on substitute holidays, were also partially revised and supplemented.

Jeon Hyung-pil, Director of Logistics Policy at the Ministry of Land, Infrastructure and Transport, said, "Despite the difficult situation for everyone due to increased logistics costs from rising shipping and air freight rates and inflation, the approval of safety freight rates by the Safety Freight Rate Committee through concessions and compromises among industry stakeholders who respected the purpose of the safety freight rate system is a meaningful achievement."

Meanwhile, the safety freight rate system was introduced with a three-year sunset clause, and the expiration period will arrive this year. From early this year, discussions on the future operation direction of the system are expected to begin in earnest through public hearings and other means.

This content was produced with the assistance of AI translation services.