PUBLISHER: Freight News (www.freightnews.co.za)
How quickly the wheel turns in this funny old world of ours, where until recently post-Covid supply and demand in the ocean freight sector pitted profit seekers in the liner trade against freight forwarders vying for spot allocations.
With several lines favouring beneficial cargo owner (BCO) shipments over ad hoc bookings, obviously homing in on the long-term contract work of large retail consignors and the like, smaller agents feared they were being squeezed out of the market.