Prices soar internationally as capacity and drivers vanish…

Rate hikes on ocean cargo aren’t the only pinch that forwarders are feeling this month; trucking rates are steadily climbing. Between capacity issues and a lack of drivers, the explosion of e-commerce during the pandemic is painfully straining an already stretched market. Disruption in the ocean market has unfurled to impact the rail, air, and truck sectors as shippers work frantically to secure rates, space, and service as capacity tightens.