Ocean freight is on the rise, according to a report by Research and Markets. The research company has projected a 3% compound annual growth rate for this mode of transportation through 2025.i If that holds true, terms like LCL and its close cousin, FCL, will only increase in popularity as more businesses start moving goods via ocean freight. If you’re one of those companies interested in ocean freight—or you simply want to learn more about this mode—we’ll walk you through...| Approved Freight Forwarders
It’s estimated that 11 billion tons of goods move via ocean freight every year. In 2020, 775 million twenty-foot equivalent units (TEUs) were shipped globally—the equivalent of 387 million 40′ containers. Additionally, that volume is projected to continually increase into 2024ii—and likely beyond. In short, ocean freight is big business, and it all centers around the containers used to transport cargo and goods. If you want to discover more about this critical shi...| Approved Freight Forwarders