As we move through the latter half of 2024, the global freight market shows signs of significant shifts. For businesses relying on international shipping, staying informed on these changes is crucial for effective supply chain management. Here’s a closer look at the latest developments and their potential impact. Current Market Trends: Freight Rates Decline The freight market remains in a clear downward trend. Notably, major … Read More
June 1st GRI: Secure Your Space Now
As June approaches, the logistics industry is bracing for another General Rate Increase (GRI) set to take effect on June 1st. In addition to this upcoming rate hike, the current landscape is characterized by equipment shortages, blank sailings, and potential rail strikes in Canada, all of which have made space availability, rather than rates, the primary concern for shippers. Equipment Shortage: The ongoing global shortage … Read More