As CNY and slack season approach, the ocean price-cutting begins
Transpacific spot rates declined for the first time in a month this week, as the ...
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Short, gossipy piece from the freight coalface in Asia. Long-time logistics journalist Greg Knowler reports on a conversation with forwarders over a couple of drinks and finds that sea freight rates are due to go south once more, something that neither shippers, forwarders or carriers want, but is caused by freight “brokers” – ex-multinational employees on a second career as logistics renegades; block booking teu slots from carriers at knock-down rates and then undercutting the spot market.
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