Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said
will not necessarily dictate terms during contract talks that typically happen around May, experts said.
Big shippers "go into their buying season ... wanting to know what their freight is going to cost. They're not interested in playing the market" by shopping for lower rates, shipping expert John McCown said. However, this trend began to shift toward the end of last year due to a drop in the import of retail goods such as furniture, appliances, and apparel.
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