Forwarders need to pull out of the ‘race-to-the-bottom’ on ocean rates or risk losing customers, margins and livelihoods.
One source at a major international forwarding outfit this week told The Loadstar forwarders should not be happy with the rapid decline in rates, and those that kept pushing them lower were “cutting their own throats”.
“For the extra $50 you might get, you are likely to lose when the customer gives their booking …
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