Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
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By Mike Wackett
According to CMA CGM, westbound transatlantic ocean rates have now hit “unsustainable levels”.
The French carrier announced a raft of FAK (freight all kinds) increases on Friday, an endeavour to drive rates back up on a route that has become, what one liner executive described to The Loadstar as, “a total disaster”.
Indeed, Xeneta’s XSI North Europe to US east coast average rate per 40ft slumped from $7,700 a year ago to just $1,327 last week.
Moreover, The Loadstar recently saw a rate ...
Comment on this article
Adrian Pinna
October 30, 2023 at 8:49 pmWell it was bound to happen it was just the timing what goes up must come down