News / 'Feeding frenzy' over low rates must end, say forwarders

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Forwarders need to pull out of the ’race-to-the-bottom’ on ocean rates or risk losing customers, margins and livelihoods.

One source at a major international forwarding outfit this week told The Loadstar forwarders should not be happy with the rapid decline in rates, ...

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  • John Kelly Edwards

    November 17, 2023 at 12:12 am

    Give this person credit for telling it like it is, very well said.

    Responding on LinkedIn, Rhenus’s head of ocean freight for the Americas, Stephanie Loomis, described Mr Clerc’s comments as “comical”, claiming it was an apparent tendency by Maersk to make under-market quotes through co-loaders’ rate sheets, “week after week”.

    She added: “Maybe they [Maersk] should stop undercutting this already insanely low spot market.”

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carriers Carriers vs. forwarders Maersk Rates Rhenus spot rates