Ocean freight rates have swung wildly over the past few years, and every shipper is looking for ways to protect their margins. Here are five practical strategies our team recommends.
1. Consolidate shipments
Combining smaller shipments into full container loads reduces the per-unit cost of moving your goods.
2. Book further in advance
Spot rates are almost always higher than contracted rates booked weeks ahead of the sailing date.
3. Review your Incoterms
The right Incoterm can shift risk and cost to the party best placed to manage it.
4. Work with a freight forwarder
An experienced partner can access better rates through consolidated volume and carrier relationships.
5. Track and analyse your freight spend
Regularly reviewing your shipping data uncovers patterns you can renegotiate around.
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