Lessons from a 30-year freight forwarding veteran:
With the US currency doing well, forwarders & shippers alike have experienced a surplus of imports. Yes, the value of the dollar impacts trading in a big way. The shift is quite telling of the conditions of our global economy, because there are very specific changes occurring. Notably, international forwarders are witnessing a shift in imports coming from the United Arab Emirates and South Korea.
This shift is altering the landscape considerably. It's very different than when importing from places like China, and that comes through with rates AND service levels.Read More