A year of unpredictability has led to substantial increases in both ocean and air freight rates, according to this week’s report from Transport Intelligence (Ti), and complicated market factors are making future trends hard to predict.
Ocean freight rates remain elevated – 117.6 points above January – and are not expected to return to pre-crisis levels any time soon, according to Ti data.
Indeed, chief analyst at Xeneta Peter Sand said the “clear outright financial winners” this year had been ocean carriers. “They went from a disastrous outlook, with loss-making freight rates, to a dream outlook, with subsequent massively high freight rates,” he explained.
Read more in an article from The Loadstar.