Shippers Decry Carrier 'Shakedown' as Ocean and Air Freight Rates Surge Unexpectedly
Global freight rates are experiencing a dramatic and unexpected surge, reversing recent downward trends. This spike is being driven by aggressive capacity management and general rate increases (GRIs) from ocean carriers, despite reports of weak underlying demand. Shippers and freight forwarders have reacted with outrage, describing the carriers' behavior as a 'shakedown' and manipulative. The volatility in ocean freight is now spilling over into the air cargo market, causing rates to climb on major trade lanes as well.
Official Source: https://theloadstar.com/freight-rate-boomerang-i-absolutely-despise-the-carriers-and-their-behaviour/
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