Freight markets are expected to soften – not least because of high inventory levels.
According to data from the US Census Bureau, retail inventories are on the rise. In fact, according to Sea-Intelligence, November inventory reached $30.2bn higher than the norm.
“The upward spike in July-August 2024 is not only very visible, but also the largest upwards deviation we have seen since the financial crisis,” explained Alan Murphy, CEO of Sea-Intelligence.
“The largest …
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