Bookings for India exports to the United States and Europe for October are easing, with forwarders and industry watchers anticipating a “soft landing” of elevated container rates.
A 2.1% year-over-year gain last month broke a 42-month decline in the Cass Freight Shipments Index, with Cass stating “the bottom is probably in.”
A further round of strikes at German ports would likely worsen port congestion and schedule reliability on major trades.
