Airfreight rate relief for shippers, or are things going to 'turn nasty'?
With air freight rates settling below peak-Covid levels, and the Baltic Air Freight Index slipping ...
An interesting article from Global Trade looks at why shipping line customers switch loyalties. It will come as no surprise that – even in these dark days of low rates – price is the top factor. If existing suppliers can’t offer the low pricing already in the market, customers will find someone who can. But, warns this article, rock-bottom pricing could lead to cargo being rolled, just for the sake of a few hundred dollars. Risk management and trust were factors too, according to the Xeneta survey.
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