Trans-Atlantic LCL steady despite COVID-19

ocean freight

Ocean freight consolidators and forwarders have taken comfort in less-than-container-load (LCL) volumes and services in the U.S. trans-Atlantic trades, despite the ongoing economic headwinds caused by the coronavirus pandemic.

In recent months, more American and European shippers have turned to LCL services as a cheaper alternative to air freight and a way to counter ocean carrier service disruptions involving full-container-load (FCL) transport.

“Owing to the higher FCL and airfreight charges,...

https://www.freightwaves.com/news/trans-atlantic-lcl-steady-despite-covid-19

PayCargo helps shippers, forwarders pay it forward

PayCargo

The downturn in imports and exports over the past five months due to the coronavirus pandemic has left many small and mid-sized companies wondering if they will be financially prepared to participate in the global economic recovery.

Strict COVID-19 travel restrictions and reduced freight volumes have severely disrupted cash flow between the myriad players typically involved in international freight transactions – shippers, freight forwarders and customs brokers, and carriers.

Philip Philliou,...

https://s29755.pcdn.co/news/paycargo-helps-shippers-forwarders-pay-it-forward

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