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The upside scenario for shipping lines – Houthi-inflated spot rates spur big gains in annual transpacific rates – is not happening, says Flexport. Carriers are seeking relatively small year-on-year increases
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals. The post Top ocean shipping stories of 2023: War, drought and detours appeared first on FreightWaves.
The bottom line revealed from Flexport a webinar is for cargo shippers to take a posture of flexibility.
Stung by supply chain breakdowns and worried about labor unrest, many shippers have rerouted goods to the Gulf of Mexico and East Coast.
As the West Coast becomes increasingly hostile to prosperity, its union shenanigans are going to accelerate the trend already underway of businesses fleeing.