Shippers should expect to pay “bullish” carriers higher freight rates next contract season.
According to Ludwig Hausmann, partner at McKinsey & Company, upcoming freight contracts will be characterised by “very high” rates.
“Carriers in air, ocean and rail are being very bullish in the short term, but very insecure about the middle and end of next year,” he said during a webinar by Xeneta.
“Shippers that commit to certain volumes and block space …