News / Lower freight rates means lower prices for consumers, says new survey

Photo: Freightos

Freightos’ latest SMEs survey suggests consumers should start to feel their purses swelling amid declining freight rates and a return to supply chain ’normalisation’.

Data collated from the 500 SMEs surveyed by the online freight platform indicated that lower-than-expected freight costs have had a macro-economic impact, with some 25% reducing product prices and still achieving a 15% bump in margins.

Head of research Judah Levine told The Loadstar: “Rates have fallen significantly, having a pronounced impact on SMEs, which are almost entirely ...