News / Raised rates push forwarder returns despite Australasian bottlenecks

There’s been no respite in the supply chain bottlenecks impacting Australia and New Zealand, but high air and ocean freight rates have helped forwarders to record profits.

In Australia, fresh from electing a new prime minister this week, shippers are facing a great deal of uncertainty from rising inflation, port congestion and the disruption in China, according to Sean Crook, director at Sydney-based forwarder Neolink.

He told The Loadstar: “We are still seeing the same challenges, with space being constrained and the ...