Freight Rates Level Off, Still High
Rates have leveled off but remain well above pre-COVID levels with few signs of serious retreat.
Rates have leveled off but remain well above pre-COVID levels with few signs of serious retreat.
Myanmar protests face a growing call for workers to strike.
After a nearly 8 month surge, last week ocean and air cargo rates started to back down.
A week past the Chinese New Year peak and exports are still at record highs.
Even Chinese New Year didn't slow down Asian exports, putting upward pressure on freight rates.
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Ocean rates hit a ceiling, while port congestion worsens.
Despite their best efforts, ocean carriers are stymied as they try to cope with a relentless surge in demand.
The UK is making a bold move to ramp up free trade agreements with key markets.
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