Given the huge volumes involved in ocean freight, even a small percentage shift in transport mode from South Asia shippers is enough to keep air cargo demand and rates buoyant.
The World Shipping Council said the Federal Maritime Commission’s new rule on detention and demurrage is creating “substantial confusion and uncertainty.”
Knight-Swift and rival J.B. Hunt both say shippers are pushing hard for lower truckload and intermodal rates in service contracts as freight demand remains soft.