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Meltdown in the Container Shipping Market Continues

November 8, 2022

Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”

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British Airways reduces Middle East flights and shifts capacity from Asia to Africa
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The US Postal Service, which is in a financial crunch, has suspended contributions to its pension plan