Ocean capacity is rising, demand is cooling, and 'the market is starting to turn'
Container spot freight rates on the main east-west ocean trades showed their first decline since ...
By Mr Joy
You will pay tomorrow*.
And in the meantime…
Bananas
We have been covering the surging costs of ocean freight for a year or so now. Yes, it’s over a year already.
But as a logistician, acknowledging the almost daily spot market price increases has been akin to watching hyperinflation decimating a banana republic economy.
We are not there (yet) but the inevitable escalating cost tied to shipping products around the world is about to have a double whammy not just on your company’s bottom line, ...
Comment on this article