Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
© Mohamed Ahmed Soliman |
Although demand has declined slightly, general rate increases announced by major LTL carriers in the US are likely going to stick – unlike price hikes in the parcel sector, which have been largely neutralised by discounts designed to retain customers.
Two major carriers – FedEx Freight and ABF Freight – have announced increases of 5.9%. Saia is an outlier at the top end with a 7.9% rate hike, while Old Dominion is raising prices by 4.9% starting 2 December.
Supposedly, these increases ...
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