Suez Canal backlog pushes freight to air

Rates rose in late March as forwarders move volumes from ocean

Suez Canal has reopened to traffic after giant ship is freed

Tug boats pull the Ever Given container ship along the Suez Canal after being freed from the canal bank in Suez, Egypt, on Monday, March 29, 2021. Photo/Bloomberg

Ongoing problems with ocean freight have been exacerbated by the weeklong Suez Canal blockage and freight forwarders have advised shippers to consider other transportation modes, and airfreight in particular. Georgia-based 3PL JAS Worldwide advised shippers to consider utilizing other shipping modes in a bulletin today. With airfreight rates still elevated, ocean freight offers more cost-friendly […]

 

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