Understanding Global Freight Rate Fluctuations
Tuesday, 10 January 2023, 08:00
Global Freight Rates in Turmoil
The shipping industry is witnessing a dramatic divergence in freight rates. On one hand, sea freight has become significantly cheaper, while on the other, land freight costs are escalating due to a shortage of Ukrainian drivers.
Factors Contributing to Price Changes
- The influx of geopolitical challenges is driving changes in shipping dynamics.
- Supply chain disruptions further impact prices across different modes of transport.
- Insights from industry experts provide clarity on navigating these challenges.
As outlined by the freight experts at Migros, adapting to these fluctuations in freight pricing is essential for companies involved in logistics and trade.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.