Spot vs contract gap widens as air shippers get wise to capacity limits
Ecommerce shippers reserving freighter capacity have widened the gap between global contract and spot rates, ...
Declining long-term contract rates on major tradelanes may be a concern for ocean carriers, but the bullish short-term market is proving the “silver lining” that could shift their focus towards the spot market.
Indeed, some carriers The Loadstar spoke to recently suggested the future of large-scale annual volume contracts may be limited to a ‘new normal’ of rolling three-month deals, renegotiated in the light of increasingly volatile market changes.
Oslo-based Xeneta’s XSI contract rate index fell a further 1.8% in June, after a 1.2% ...
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