Freight brokers are undercutting rates

© Khunaspix Dreamstime.

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.