Container contract system broken – BCOs steer toward short-term deals

BCOs will commit 25% less volume to long-term contracts this year, sending almost twice as much via short-term and spot deals.
“This strategy will leave carriers with fewer contracted, forecasted containers and BCOs spending more time and resources renewing and negotiating contracts this year, even as prices for those may increase anyway,” says a report by Freightos Research published today.
The online freight marketplace surveyed 63 BCOs and freight forwarders in March, just …

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Source: The Loadstar

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