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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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Fuel costs are increasing, so airlines are reducing their prices and cutting back on their outlook.
As air freight rates and ocean gridlock persist, shippers are looking for alternative routes.
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