Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
SUPPLY CHAIN DIVE reports:
Dive Brief
– A.P. Møller Maersk, CMA CGM Group, and Hapag-Lloyd have been asked to provide documents and information to explain the reasoning behind increased shipping rates over the past two years, according to the House Committee on Oversight and Reform on Friday.
– The Select Subcommittee on the Coronavirus Crisis and the Subcommittee on Economic and Consumer Policy sent the letter asking the carriers to provide requested documents and information by March 16.
– Each letter states that the committees are concerned the ...
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