Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
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A massive port strike has broken out on the US east and Gulf coasts, and with it has come an almighty avalanche of hyperbolic misinformation.
Let’s take the juiciest first: yesterday’s claim by ILA president Harold Daggett that carriers were now charging shippers $30,000 per container.
At the risk of being accused of taking things out of context, here’s the full quote: “The shippers [he means carriers] are gouging their customers that results in increased costs to American consumers. They are now charging ...
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