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 …

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Source: The Loadstar