Airlines rethink strategy as ecommerce to US begins decline
Shippers and forwarders are waiting to see how airlines manage their capacity before locking into ...
By Sam Whelan
After another week of eye-watering freight rates breaking into new territory, forwarders have slammed shipping lines for “diabolical” service levels and accused them of “shameless profiteering”.
Asia-Europe rates have reached as high as $14,000, including surcharges, according to some forwarders, while this week’s Shanghai Containerised Freight Index set new records for spot rates on six deepsea trades.
At the same time, Sea-Intelligence reported a new low for service reliability of just 50% in November, with vessels delayed by an average of more ...
Comment on this article
Gerrit
December 27, 2020 at 11:07 pm.. how these same forwarders love to keep the rates as low as possible, at the risk of the Shipping companies, when there is a surplus of slots (exactly what they are now calling for).
But when the carriers lower capacity, also because the surplus is no longer a viable option, it’s ‘diabolical’.
Pot, meet kettle.