Carriers put on a brave face amid further decline in ocean spot rates
Container spot freight rates on the main east-west trades saw another week of declines, although, ...
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A massive port strike has broken out on the US east and Gulf coasts, and with it has come an almighty avalanche of hyperbolic misinformation.
Let’s take the juiciest first: yesterday’s claim by ILA president Harold Daggett that carriers were now charging shippers $30,000 per container.
At the risk of being accused of taking things out of context, here’s the full quote: “The shippers [he means carriers] are gouging their customers that results in increased costs to American consumers. They are now charging ...
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