Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
The ‘jury is out’ on whether container spot rates have bottomed-out, but on the key ...
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“Uber Technologies Inc is changing the way people move around cities; Flexport wants to do the same with stuff in the holds of container ships in oceans.” The thing is, though, the way we move round cities remains fundamentally the same – by taxi – and The Loadstar isn’t exactly sure what ground-breaking paradigm of technology Flexport is going to bring to the industry that the host of other tech companies striving away in the sector won’t. Be that as it may, it’s got some serious investors behind it and its founder does have a background, of sorts, in the logistics industry.
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