Month: December 2023

Given where spot market prices are at and demand for services holding steady, slow attrition of capacity should help stave off further downward pressure on rates, says Michigan State’s Jason Miller.

Two global shipping giants, A.P. Moller-Maersk and Hapag-Lloyd, announced on Friday that they are pausing shipping in the Red Sea following continued attacks on commercial ships in the region.

A new DispatchTrack survey finds logistics businesses remain concerned about an uncertain economy and rising operational costs in the last mile.