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The recovery and rebuilding in Florida and Georgia will trigger higher spot and contract rates in US haulage. Flatbed capacity is likely to be particularly affected by the hurricanes, while the large amounts of cargo going into southern states will hit rates, as there will be little backhaul traffic. And the market is also going to be affected by the electronic logging device mandate, which could make 2018 a “nasty year”. “The spot market is getting scary. Things are getting very tight,” said one truck industry economist.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Hong Kong drops out of world's top 10 busiest container ports
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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