Freight Rate Forecasting and the Future of Strategic Procurement
On March 26, 2024, a single vessel failure brought down Baltimore’s Francis Scott Key Bridge, locking the ninth-busiest U.S. port overnight and forcing thousands of auto and heavy-machinery shipments onto already congested East Coast intermodal hubs. Far from being an isolated accident, the event coincided with ongoing security blockades in the Red Sea and severe draft caps through the...
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