Shippers take to the sky as ocean congestion grows | Hellenic Shipping News Worldwide
Shippers take to the sky as ocean congestion grows Supply chains have fractured under the weight of recent import demand, forcing shippers like Peloton (NASDAQ: PTON) to find pricier alternatives in order to not miss their window of opportunity. Judging from FreightWaves’ new Inbound Ocean TEU Volume Index (IOTI) and the recent Transportation Air Cargo Index (AIRUSD), that is not the only company choosing to fly versus ship goods over the Pacific. The import boom appears far from over, and it will have implications long after this wave of unprecedented orders subsides. The trans-Pacific tra...
Source: hellenicshippingnews.com