The worldwide supply chain is constantly changing. Since 2020, there has been a global capacity crunch with prices rising and ongoing container shortages persisting. These monthly updates will share some of the latest freight forwarding news, so we can keep you abreast of the situation.
Let’s start with the good news, shall we?
Between hiring (and even overhiring) seasonal staff and buy-online-pickup-in-store (BOPIS), last year’s peak shopping and shipping season was actually pretty okay. Read more.
Spot rates are still near historic highs for container shipping. But over in commodity shipping — dry bulk, crude and product tankers, liquefied natural gas (LNG) carriers — spot rates have now sunk below five-year averages. Read more.
The increasing frequency of freak weather events due to climate change is translating into a rising level of risk to cargo. Read more.
The fractious relationship between ocean carriers and their freight forwarders and NVOCC (non-vehicle operated common carrier) customers is seen as one of four key disrupters to the supply chain this year. Read more.
With half a century of international shipping and freight forwarding experience, Cole is your full-service freight partner. We’ll help you navigate this challenging time—contact us today!
Learn more about our Freight Forwarding Services.