Why the Trucking industry Shipping & Freight rates going down ?
Shipping & Freight Cost Increases, Current Shipper Issues
current issues in shipping, logistics
- Costs
- Lost cargo
- Damaged cargo and goods
- World events, like political unrest
- Environmental regulations
- Will shipping prices keep going down?
- As a result of the current situation, many importers and exporters are wondering when freight and shipping rates will level off. The answer? Not yet.
- But, despite potential delays and volatile freight shipping costs, there are a few steps importers can take right now:
- Compare at least a few quotes and modes to make sure you are getting the best cost and most efficient service possible.
- Buffer your freight budget and transit time for changes. Costs due to unforeseen delays or limited capacity can arise, so be prepared.
- Explore warehousing options to mitigate the effects of lowered demand and business restrictions in the US.
- Pay attention to the profitability of your goods and consider if a pivot could be worthwhile. Additionally, remember to factor in freight costs when assessing profitability.
