Trump-Houthis deal – expect further 'rate declines...after port congestion'
Ocean: supply-demand balance getting ‘structurally looser’?
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Forwarders have warned shippers that rates for overland services in North America are expected to “sky rocket” next year as capacity tightens further.
Speaking at the FIATA World Congress in Istanbul last week, US and Canadian forwarder associations outlined several significant trends that would force up prices.
“We have seen a 10-12% increase in rates this year, and I wouldn’t be surprised to see another 10-15% rise next year,” said one delegate from the US.
“It’s good for intermediaries, but we are working ...
Comment on this article
Stephen Webster
October 24, 2014 at 10:20 pmThe rates are too low to pay truck drivers a fair wage in Canada most truck drivers are doing other jobs with the new rules many smaller trucking companies and farmers have been forced out if trucking by the cta.
Andrew Lubin
October 29, 2014 at 3:48 pmDiesel and gas prices are falling to many-year lows…the driver shortage is no worse now than six months ago – is there an economic justification for higher rates, or are the 3PLs just trying to boost their margins?