Port congestion improving, but post pandemic pricing pressure expected to continue into Q3 & Q4
Posted: May 25, 2021 |
Congestion at USA seaports is improving but is expected to endure into Q3 and Q4. With the US economy beginning to sizzle, that counteracts the ability of market forces to impact any hoped for soon reduction in ocean freight rates as shipping capacity continues to be very tight thus the continuing pressure for rising freight rates.
Shippers looking to divert from ocean freight exerts upward pricing pressure on air cargo
Posted: April 26, 2021 |
Air capacity will increase before ocean capacity recovers to pre-pandemic levels. Leveraging our experience in the logistics industry, CPC guides clients into optimizing service and cost to meet service level expectations using air vs. ocean and determining the right timing to obtain contracted rates versus spot quotes.
What is effect of port congestion on contract pricing?
Posted: April 5, 2021 |
Ocean carriers are mitigating Covid-19 losses by reducing capacity at US ports. 2020's pricing pressures for shippers continues to escalate in 2021 as congestion at American seaports shows no signs of abating. Negotiating 2021 TEU committments while spot rates can exceed $3,900 per TEU.
Smart shipping involves preparation, coordination, and accommodation
Posted: March 24, 2021 |
Shippers that accommodate the needs of their freight carrier can see big benefits. In the shipping world of 2021 shippers can gain competitive advantages by standing out and being attractive to the carriers who are dealing with stressed capacity and high demand.
9B tons of goods to be carried by ships in 2021 adds pricing pressure
Posted: February 10, 2021 |
2020 saw an increase in shipping volumes, but the number of ships decreased due to the pandemic, adding more pricing pressure, causing a spike in shipping rates. When commerce spikes, it cascades into global ocean freight pricing variability. 9 billion tons of goods will be carried by ships in 2021 as global economies revive, adding to pricing pressures.
Criteria for selecting a freight carrier for your shipping operations
Posted: December 23, 2020 |
Important factors to evaluate before deciding on a carrier. Carriers are an indispensable part of transportation logistics, a key component of supply chain management. Partnering with the correct carrier capable of meeting your freight shipping needs is extremely important.