Mid-size importers in the trans-Pacific trade lane are bracing for higher rates in their 2024-25 service contracts as carriers struggle with rising costs and a volatile security situation in the Red Sea. However, disagreements over supply and demand fundamentals are causing delays in negotiations. According to industry experts, this is the year for mid-size shippers […]
2024-25 Service Contract Negotiations: Mid-Size Importers Brace for Higher Rates Amidst Rising Costs and Security Concerns in Trans-Pacific Trade Lane
