Carriers react quickly to transpac demand surge, but rates remain muted
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at ...
Growth at US west coast ports has been overshadowed by increases for the Canadian hubs of Vancouver and Prince Rupert and, to a lesser extent, by east coast ports.
Drewry’s 10-month analysis of the Asia-North American headhaul trade reports that between January and October US west coast imports increased 1.4% year-on-year, while east coast ports recorded a 6.6% volume rise.
However, the Canadian berths saw a massive 18% hike in Asian imports as the US terminals faced an “uphill struggle” to “limit the seepage”, ...
European port congestion now at five-to-six days, and getting worse
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