Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
© Zolak Zolak
At a time when truckload carriers are speculating if they have finally reached the bottom of their market, shippers using less-than-truckload (LTL) carriers are facing a rate hike. With effect from today, ArcBest is implementing a general rate increase of 5.9%.
According to the carrier’s securities filing of last week, the increase may vary by lanes and shipments.
LTL carriers have rolled through the softer market of the past 18 months with relative ease, able to maintain their margins. High entry barriers ...
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