As we approach the midpoint of the year, conditions are shifting
for carriers.
With rising fuel costs, increased demand for shipping services
on the Asia-to-US route, and strained capacity, ocean carriers have
implemented a General Rate Increase (GRI).
Additionally, there is sustained high demand in the air freight
sector. These modes contrast sharply with the domestic freight
industry, which is more subdued as trucking and warehouse demand
remain soft.
In the long term, the global supply chain continues to shift due
to geopolitical developments and changes in cost dynamics,
influencing worldwide trading strategies and accelerating
nearshoring efforts.
Ongoing international and domestic disruptions necessitate the
adoption of flexible shipping strategies. Internationally, vessel
diversions due to the attacks in the Red Sea persist, causing
delays and equipment shortages on major trade lanes. While North
America's rail industry faces increasing pressure to
