Capacity has just about reached its limit on the global stage as shippers and importers continue to brave exorbitant rates and ever-increasing tightness.
Third-party logistics services provider GEODIS echoed one U.K.-based forwarder’s sentiment that the “perfect storm” troubling ocean freight waters following the unprecedented Suez Canal blockage has only worsened. Rates continue to approach unsustainable levels on Asia-Europe lanes, which is hurting the freight’s movers and end consumers.
The...
https://www.freightwaves.com/news/global-shipping-congestion-calls-for-greater-visibility