Shippers are adjusting to slow-steaming by ocean carriers but want carriers to use some of the savings to reduce freight rates and improve customer service, according to a survey of 290 logistics executives.
Philadelphia-based forwarding logistics company BDP International, its Centrix consulting unit and St. Joseph’s University conducted the survey in April.
About half of the survey respondents said the economic and environmental benefits of slow-steaming are worth the costs and inconvenience. Seventy percent of the shippers said carriers should use the cost savings to reduce rates.