TPM: Forwarders need 'clout' to survive as the ocean carriers move in
Ocean carriers undermining forwarders that don’t have “enough clout” will drive consolidation this year. Delegates ...
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Carriers have learned to say ‘no’, and are hiking contract rates as the shipper-carrier power pendulum swings in their favour.
Sanjay Tejwani, CEO of 365 Logistics, told delegates at S&P Global’s TPM25 this week he had noticed “changed carrier behaviour” from 2018.
“They started to have better capacity management and sometimes turned on business if it wasn’t profitable for them. During the Covid pandemic, they got first-hand experience that they could say ’no’ and get away with it,” he explained.
And, according ...
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