🌍📉 This year's peak season did not arrive as expected in global shipping.
40HC container rates have fallen by up to 60% year-on-year on key routes from China to Northern Europe; the United Kingdom and the US East Coast.
🔎 Our latest report highlights:
- High inventories in the US due to anticipation of possible tariffs.
- Excess capacity in shipping companies despite weaker demand.
- Persistent disruptions in the Red Sea complicating logistics planning.
- Downward revision of profit expectations by carriers.
At ERA Group; we help our clients navigate this volatility by negotiating competitive rates; securing optimal routes and generating savings even in rising markets.
📑 For a comprehensive analysis of how these dynamics may affect your business and what strategies to implement; please refer to here.
👉 These types of expert consultants can be part of your cost and expense improvement teams if you hire ERA Group.
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