Why NVOs’ Share of US Import Cargoes Is Waning

Just a couple of years ago, NVOCCs basked in the glow of the growing share of U.S. imports they were handling on behalf of importers. Ocean carriers were slashing vessel capacity to boost freight rates, and shippers in a scramble early in 2010 were forced to turn to non-vessel-operating common carriers to find the space for trans-Pacific imports.