Ocean Freight Future Trends with Trent Morris

Ocean Freight Future Trends with Trent Morris

Have you ever found yourself wondering what the future holds for the world of international logistics and ocean freight? A key challenge lies in port infrastructure, which hasn’t kept pace with shipping demands. Some ports are starting to use automated guided vehicles (AGVs) to move containers, but with massive 22,000 TEU vessels, balance is a concern, making full automation tough…

Ocean Freight 2023 Update with Trent Morris

Ocean Freight 2023 Update with Trent Morris

The pandemic drastically disrupted the shipping industry, with skyrocketing demand, especially in e-commerce, driving ocean freight rates up by as much as 50% between 2020 and 2021. Service reliability also took a hit. However, we’re now seeing stabilization, with rates moving closer to pre-pandemic levels. Experts predict that rates will return to something similar to 2019, with minor fluctuations based on market conditions…