Pricing trends
International freight has been severely impacted by the Coronavirus pandemic. The FBX Index shows pricing has almost doubled over the last 12 months. Recent commentary has suggested some of the specific reasons behind these increases. The following articles published recently in the The Loadstar provide some insight about recent pricing trends:
Container shortage crisis spreads to intra-Asia trades, driving prices higher
Carriers ‘using pandemic to boost profits’ claim, as Asia-Europe rates explode
Businesses who were able to secure freight pricing back in March 2020 have enjoyed substantial savings through the year. Speak to the team at Saving Point about how our RFQ tender process can help your business achieve savings across your freight expenditure. The best time to negotiate freight contracts ensuring smooth operations through both peak and lull seasons is traditionally the end of Q1. Book at time with the Saving Point team now to ensure you’re in a position to save.
