Freight Rates

07 Dec As Lower Rates Persist, High Service Levels Will Desist

Posted at 00:08h in Freight Rates, Ocean Freight, Shipping, Shipping Containers by susan pop 0 Comments

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Whilst businesses may reap the benefits of lower rates, they may also experience a decrease in service levels and vessel schedule reliability as shipping lines adopt measures such as blank sailings and cancelled services in a bid to manage excess capacity. With capacity anticipated to increase...

07 Dec Trans-Atlantic Rates Fall To Pre-Pandemic Levels

Posted at 00:06h in Freight Forwarding, Freight Rates, Logistics, Ocean Freight by susan pop 0 Comments

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Excess capacity and weak US import demand has seen freight rates across the Trans-Atlantic fall below pre-pandemic levels, with the spot rate down 57% from the same period in 2019. According to PIERS, total containerised imports from Asia tumbled 21% year over year through August in...