Ocean Freight Rates Fall Along With Demand
Ocean freight demand and rates are falling despite efforts to mitigate decreased demand and capacity cuts. Uncertainty in consumer spending and overstocked inventories have reduced trucking demand and slowed inventory turnover, resulting in falling spot rates. The Logistix Company continues to prioritize optimal solutions, balancing contracted freight lanes and spot pricing for the best value. […]
Freight Outlook Not Optimistic from Carriers
Demand is slowly returning – a great sign in terms of the economic rebound. However, capacity is still up, which means many carriers are not feeling the effects of increasing demand yet. The Outbound Tender Rejection Index measures the percentage at which tender is rejected by carriers in regard to available capacity. Currently, it is […]
