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Comment on this article
Gary Ferrulli
May 30, 2018 at 2:45 pmCarriers made a huge mistake in underestimating the fuel costs impact on 2017/2018 contracts, thus the 1st quarter results. But when budgeting for the 2018/2019 contracts, they knew the impact and chose to continue to chase filling ships instead of managing capacity, compounding the error. Their bad.
On the other hand, shippers who claim to want cost transparency – does that mean you can accept cost based pricing? You won’t like that outcome.