Shippers Face Multiple Challenges as New Year Begins

Reported about 18 hours ago

As the new year unfolds, shippers are grappling with several pressing issues, including labor disputes at East and Gulf Coast ports, rising ocean rates driven by demand ahead of Lunar New Year, and shifting freight market dynamics. The International Longshoremen's Association and employers are in talks amid ongoing automation debates, while freight capacities are tightening despite normal seasonal fluctuations. Additionally, a growing problem of return fraud in e-commerce threatens significant financial losses for retailers.

Source: YAHOO

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