This time last year, we reported to you that there had been a 20% decrease in freight rates over the previous 12 months. A year is a long time in freight, even in normal circumstances and with unprecedented disruptions caused by the outbreak of COVID-19 across the globe its no great surprise that our analysis of the latest data from FBX (global freight index) shows that freight rates are on the way up.
In fact they are 30% higher than this time last year. While we can’t be certain of what will unfold over the coming months as number of people affected by the pandemic continue to climb, our freight tender process can help you lock in the best rate when it comes to your international freight. Speak you our experts for more information and let us help you cut your freight costs.