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.
Peak Shipping Season, which used to be predictable, is not anymore
Posted: December 14, 2020 |
For shippers COVID-19 has created a “new normal” for businesses and individuals in ways never previously envisioned. The effect on the domestic USA and world economies is that shipping's normal Peak Season, which used to be predictable, is not anymore.
CPC Editorial on Surge in Driver Pilfering by Competing Trucking Firms
Posted: December 7, 2020 |
Fresh insights to an old and aging problem in the trucking industry. While a lot of truck drivers are retiring due to old age, a closer look at the high turnover rate shows that some of the data reflects drivers leaving one carrier for another for better pay. Driver pilfering is very common in the industry.
Plus, due to the low pay, the risk and responsibility for safety, many drivers have decided to seek jobs in other sectors.