News / Forwarders 'being squeezed' as spot and contract rates move further apart

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Rapidly increasing spot freight rates are diverging further from contract rates, imitating the pattern seen during the pandemic, leaving large shippers in a better position than SMEs and freight forwarders, according to freight rate benchmarking platform Xeneta.  

Xeneta market analyst Emily Stausboll said: “Some of our customers are saying this brings back pandemic memories, and there are very few that have pleasant memories from that time.” 

In yesterday’s ocean freight webinar, Xeneta presented a comparison of Asia-Mediterranean spot rates at 1 ...