Freight Forwarders Accuse Ocean Carriers of Market Manipulation Amid Soaring Rates
Tensions are escalating in the logistics industry as freight forwarders express outrage over a sudden and dramatic spike in ocean freight rates. After a period of intense price wars, ocean carriers are now accused of artificially reducing capacity by cancelling sailings to drive up costs. This 'boomerang' effect has led to massive General Rate Increases and surcharges on major trade lanes. Forwarders feel exploited by this behavior, condemning the carriers for what they describe as despotic and damaging market manipulation.
Official Source: https://theloadstar.com/freight-rate-boomerang-i-absolutely-despise-the-carriers-and-their-behaviour/
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