France’s CMA CGM, the world’s third-largest ocean carrier, will cease all increases in spot rates worldwide through Feb. 1, effectively immediately.
At first blush, the decision sounds like a game changer. But even if other carriers make similar announcements, how much of this is genuine mercy toward customers that will have bottom-line effects and how much is public relations?
Surprise announcement
“Since the beginning of 2021, container shipping spot freight rates have continued to rise due to...