News / LCL market efficiency boosted by stratospheric rate costs, say forwarders

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As freight forwarders gathered in a plush London hotel yesterday, the talk at the London Freight Club annual bash was that soaring rates had pushed NVOCCs to make certain that containers were full.

In the past NVOCCs and freight forwarders would push out containers sometimes only half full, as the cost of freight was so low that the impact was minimal. However, with freight rates now hitting unparalleled levels, those days are over.

“We can’t afford to send out boxes with just ...