- Prices in the ocean freight contract market posted a record monthly drop in November.
- Central banks around the world are fighting inflation by raising interest rates and cooling demand, but that can quickly turn into a recession.
- While November could represent the low point, logistics firms are warning of an all-out price war in 2023 with too many ocean vessels.
Logistics managers are sending the message to clients that the ocean freight market is correcting itself at...
https://mfame.guru/freight-rates-down-by-90-as-global-trade-falls-off-fast/