As we head into 2025-26, the question on some shipper’s mind is: contract or spot rates? While spot rates might seem tempting with their short-term savings, history shows that contract rates are the true winners of the long-term race. Don’t be fooled by the lure of a few dollars saved today, as it could lead to millions lost down the road.
Why Contract Rates Reign Supreme
Contract rates provide stability and predictability, essential for any successful shipping operation. They offer protection against market volatility, ensuring that your cargo moves at a predetermined price, regardless of fluctuations in the spot market. This predictability allows you to budget accurately and plan your supply chain with confidence.
Spot rates, on the other hand, are highly volatile and susceptible to market swings. While they might offer small savings at times, they can also skyrocket, leaving you with unexpected costs and disruptions to your supply chain. Relying solely on spot rates is like gambling with your business.
Contract Negotiations Underway
The time to secure contracts for 2025-26 is now. Contract negotiations have already begun, with member negotiation meetings scheduled for the last two weeks of March. It’s crucial to be prepared and have a clear understanding of your shipping needs and priorities. Fortunately, IHSA members are already on top of it.
IHSA at TPM 2025
The International Housewares Shippers Association (IHSA) will be present at TPM 2025. This is a valuable opportunity to network with industry leaders, gain insights into the latest trends, and stay ahead of the curve.
About IHSA
Don’t miss out on the significant savings available exclusively to IHA members through your shipper community, the IHSA. From May through April, members save millions on ocean freight costs.
Take advantage of this valuable resource today! Visit the International Housewares Shippers Association website or email team@shippersassociation.org to learn more and start saving.
Member onboarding status for 2025: HOLD
