Contract Cushion Evaporates as Spot and Contract Rates Converge
The spread between contract and spot rates has collapsed, leaving carriers with less pricing flexibility and shippers rethinking long-term commitments.
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The spread between contract and spot rates has collapsed, leaving carriers with less pricing flexibility and shippers rethinking long-term commitments.
Dry van costs projected up 17% year-over-year through end of 2026, while ceasefire fails to reopen Strait of Hormuz and 600+ vessels remain stranded.