Bad news for shippers as wave of transpacific rate increases continues
Container spot freight rates on the transpacific trade saw another week of double-digit gains, as ...
By Mike Weir
Starting out at a business news empire I’d rather forget, yours truly once tagged along with a world-weary colleague to a c-suite briefing in a featureless glass tower overlooking London’s financial district.
On the way, we passed a gents’ outfitter advertising a closing down sale… this being the depths of the 08/09 financial crisis (GFC).
In the window an evening suit from a reputable suit maker was on sale for £40 ($55, at current rates).
‘Wow,’ I remarked, ‘It costs more than that ...
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