Major carriers on the trade lane have notified customers of spot rate increases in excess of $1,000 per FEU effective Aug. 1, with forwarders saying the hikes could stick.
The ability to commit enormous human and financial resources to deploy AI initiatives across divisions and geographies provides the world’s two largest forwarders with a competitive advantage over smaller forwarders.
Less-than-truckload companies searching for freight are digging deeper into economic indicators for signs of demand that still hasn’t hit their docks.
