Freight forwarding professionals are facing a storm of uncertainty with regard to sea freight logistics—escalating tariff wars, volatile freight rates, and an impending oversupply of containers that could send prices tumbling. The result? A challenging environment where making clear, strategic decisions feels like trying to hit a moving target. The biggest question on everyone’s mind:…
The rates in the ocean freight shipping industry are experiencing a significant upsurge and for the first time since the lockdown in 2020, container shipping rates are nearing record highs. The price hike can be attributed to several factors including limited container supply caused by rerouting around the Red Sea, strong demand in multiple regions,…
The container shipping industry is preparing for renewed chaos, disruption, congestion, and backlogs as Shanghai restarts its manufacturing and supply chain operations after two months of strict lockdown. A recent survey by Container xChange suggests that this year’s summer peak season cargo surge will be even more chaotic for global supply chains than the 2021…