The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce’s Breakbulk & Project Cargo Conference were told Thursday.
The second-largest US LTL provider is protecting its “excess capacity,” and investing in terminals, equipment and people while waiting for improved freight demand.
But major forwarders do not expect the Red Sea ship diversions to provide any meaningful lift in Asia-Europe rates beyond the second quarter.