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A New Market Seeks to Draw Freight Bets (WSJ – sub. A New Market Seeks to Draw Freight Bets (WSJ – sub. are set to launch on Friday [March 29, 2019], testing whether an old-school industry will embrace a new financial tool designed to protect cargo haulers and shippers against swings in freight rates.”
Spot market freight showed signs of renewed life last week, even though rates slipped lower compared to the week before last. Rates were hurt by changes in the mix of cargo. Also, when demand slacks off for van and reefer freight, there are more trucks available. Hot Markets include: Jacksonville, Savannah, Raleigh, and Roanoke.
For centuries the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. First use of a modern container for ocean freight.
The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence. For centuries, the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. First use of a modern container for ocean freight.
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