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Ocean Freight ‘Profiteering’ Draws Outrage

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

The British International Freight Association (BIFA) has asked the U.K. government to investigate the state of competition within the current ocean container shipping market amid recent consolidation in the sector alongside record profits for ocean carriers. BIFA, the U.K.’s top trade association for freight forwarding and logistics companies, says that its members are concerned that…

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