Bad things can happen to ocean freight during the transportation process, including theft of freight through piracy. And while the piracy levels are dropping to new lows, there is still a threat of piracy that plagues global shippers everywhere. Shippers lose billions of dollars worth of cargo annually due to theft. The Journal of Commerce recently released a study and an infograph about this subject.
Shippers who use truckload freight shipping received some alarming news recently. A new Journal of Commerce article cited analyst David G Ross who suggested that there could be significant increases in truckload freight rates and less truckload capacity that might make intermodal shipping seem more promising for supply chains. Higher truckload rates could be troublesome for supply chains that depend on domestic freight shipping.
