Ocean Freight New Year’s Resolutions for 2014

After a prolific year of activity in the ocean freight sector in 2013, the year is coming to an end and now it is the time for supply chains to re-evaluate their shipping plans for the upcoming year. After all, in case your business ran into any difficulties in 2013, it would be best to correct those possible dilemmas before they occur again in 2014. It is time to make your New Year’s Resolutions for 2014 in regards to ocean freight shipping, which includes your goals, plans and annual shipping budgets.

2014 is gearing up to be an important year for container shipping in the US. Although there is no crystal ball to look into the next year, we can project certain events and trends that will occur in 2014. For example, in 2014, ocean freight carriers will continue to try to cut down their expenses to lower their ocean freight shipping rates, but will lower expenses diminish their services? Vessel capacity from carriers will also impact your shipping rates in 2014. Although it was announced that the Asia-US rates will increase by $300 per FEU by January, it might not be that much of an increase. Another event to look for is the contract negotiations with the International Longshore and Warehouse Union (ILWU) on the West Coast. Their contract is set to expire on June 30^th.

To gain an advantage in 2014, work with a trusted freight forwarder who can help guide your company through the treacherous waters of 2014 and to better container shipping rates.