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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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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