Despite US import volumes breaking new records last year, ocean carriers’ pricing indiscipline drove spot rates down by 30%.
According to the latest monthly Global Port Tracker (GPT) report, US imports are expected to show a 7% jump in 2017 over the previous year, to reach 20.1m teu, on the back of a “strong year” for retailers.
The report, published by the National Retail Federation (NRF) and Hackett Associates, said the major US ports handled …
The post US imports hit new records in 2017, but ocean carrier indiscipline depresses rates appeared first on The Loadstar.
Source: The Loadstar