Container spot rates diverge: to Europe still falling, but firmer to the US
A divergence in container spot freight rates between the Asia-Europe and Asia-North America trades emerged ...
It has been a quiet couple of weeks in airfreight, owing to China’s Golden Week.
Overall rates have edged lower, although are starting to rise again; some European freighter airlines cut capacity to China significantly over the holiday, but that is expected to change.
In North America, shippers had prepared for the east and Gulf coast port strikes by ensuring goods were already in place – discounting the need for emergency airfreighted shipments.
Flexport said customer inventories were high. In an interview on ...
European port congestion now at five-to-six days, and getting worse
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