PLAN NOW!!! Will freight rates decrease again?
TradeLane Global
If you work with us once, you will never look for another partner to handle your supply chain and logistics. #WeCare
Many import and export businesses are wondering when freight rates or shipping costs will fall in the current economic climate. ?
Businesses must test a variety of strategies to ensure that they are getting the best price. TradeLane Global has been developing these strategies in collaboration with a wide range of stakeholders for several months. We have assisted clients in reducing shipping costs and avoiding unpleasant surprises, allowing them to meet their financial obligations.?
TradeLane Global prepares a worst-case scenario for freight prices and transit times in case of an unexpected event.
It is critical to be prepared in the event of unanticipated delays, increased costs, or a shortage of capacity. We Investigate warehouse options to reduce the impact of lower demand and business constraints on client.?
TradeLane Global keeps an eye on the profitability of your products to see if a pivot is required by remembering to factor in delivery costs when estimating profit margins because high shipping demand continues to outnumber limited capacity in the freight sector.
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?Shipping costs have risen in the last two years and currently experiencing the highest continuous peak in cost increases. The cost of transporting goods by road, air, and sea will rise significantly this year. Interruptions in global supply chains aggravate the transportation sector's position. Most annual contract rates will more than double from before supply-chain-related capacity constraints. Contract prices are expected to rise by double digits in 2022 as a result of these costs.
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Since the August 2021 closure of the Suez Canal and the pandemic-related closure of major ports in China and elsewhere, there has been a massive traffic bottleneck in the global flow of goods. At one point, up to 100 container and cargo ships were anchored off the East Coast ports of the United States, not to mention the ships in Chinese harbors. As a result of the ongoing delays and freight shortage, freight rates have risen.
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