Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
An interesting article in Furniture Today (which is relevant to the shipper of any goods) about freight rates, and what will impact them this year. While the fuel component is expected to remain low, west coast port congestion combined with better negotiating from ocean carriers are likely to see prices rise. Drewry warns that last year container shipping saw a 2% drop in rates – which they will want to make up this year. Meanwhile, modest rate increases on US rail networks are also likely, while driver shortage will continue to contribute to rising truckload freight rates.
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