2021

Freight Rates Rise: Freight rates have been on an upward trend in recent years, due to a number of factors, including increased demand for shipping, a shortage of truck drivers, and congestion at ports and terminals. This has made it more expensive to transport goods, and has put pressure on companies to find ways to reduce their logistics costs. 

https://www.tbsnews.net/dropped/trade/soaring-freight-rates-worrying-businesses-352498

E-commerce Boom Persists: The e-commerce boom continued unabated in 2021, fueled by the pandemic-driven shift towards online shopping. This surge in demand placed further strain on logistics networks, especially in the last-mile delivery segment.