So much for the theory that container lines are a nefarious cartel that can control freight pricing — spot rates are still falling over a year after they peaked.
“This cliff that rates have fallen from shows there is more competition in the market than a lot of people had feared,” said Patrik Berglund, CEO of rate-tracking company Xeneta, in a recent interview with American Shipper.
The pace of spot-rate declines did slow in some trade lanes in October versus August and September. However, rate...
https://www.freightwaves.com/news/container-shipping-rates-still-sinking-no-new-normal-yet