Carriers hope price hikes will hold as spot rates fall in CNY doldrums
Despite the muted trading activity since China’s new year holiday began this week, spot rates ...
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By Mr Joy
It’s that time of year in Australia where the weather turns a bit warmer (in some parts of the country, anyway); plants start to bloom and… transport companies prepare their contracted customer for their annual cost recovery rate increases.
But there are some interesting subplots to this year’s campaigns.
Magic numbers
It’s around now that transport firms approach their clients with their annual rate reviews. This ritual in the Australian transport industry applies rate increases from 1 November.
Usually, ...
Comment on this article
chris dunphy
October 18, 2024 at 9:33 amAll points made are valid; the question remains how long will Allegro support Ms Holgate ? Private equity is intolerant of losses and Mr Joy’s thesis on Star Track pricing makes profitability @ Team Global an impossiblity.
Alessandro Pasetti
October 18, 2024 at 9:49 pmPassed this on – thanks for the feedback, Chris!
Alessandro Pasetti
October 19, 2024 at 5:53 amFrom Mr Joy, with thanks: “I don’t think TGE or Ms Holgate are much longer for this world; this is looking like a soft peak so far so TGE won’t get the volume they need to improve their margins which are probably well below razor-thin already”
chris dunphy
October 19, 2024 at 7:17 pmYes; I tend to agree.
Allegro already has form (Harris Scarfe / Best & Less) when it comes to liquidating positions ~ they are SO significantly under-water on the combined AU/NZ Team Global experience that neither an economic upturn nor margin improvement can save them from a bloodbath.