Container shipping rates still sinking, no sign yet of market floor

“This cliff that rates have fallen from shows there is more competition in the market than a lot of people had feared,” said Patrik Berglund, CEO of rate-tracking company Xeneta, in a recent interview with American Shipper.

The pace of spot-rate declines did slow in some trade lanes in October versus August and September. However, rate losses picked up again in many lanes in November, causing global averages to fall further. There’s no sign yet of a market bottom in most trades.

Read More Here Freightwaves


Biden signs rail agreement into law, thwarting strike

President Biden on Friday signed into law legislation to force a rail labor agreement, blocking workers from striking ahead of the busy holiday season.

Read More Here Axios


Majority of supply chain organizations prioritizing sustainability

A new report from DispatchTrack, a specialist in last-mile delivery software, reveals that the majority of supply chain organizations surveyed in October and November — 77% — claim to be prioritizing sustainability or to have plans to prioritize it in the coming year. That’s a notable jump from 69% in the previous quarter, DispatchTrack said.

Read More Here Supply Chain Brain