End of de minimis will bring turbulence for airfreight shippers and forwarders
Shippers and forwarders with long-term commitments for transpacific aircraft capacity could find themselves in a ...
© Kseniia Glazkova
By Mike Wackett
Against the backdrop of an escalating US-China trade war, transpacific ocean carriers have had some success this week in lifting spot rates between Asia and the US west coast.
There was also a spike in long-term contract rates recorded this month that will be welcome news for the loss-making container lines.
The Shanghai Containerized Freight Index (SCFI) recorded a 13.7% jump today for US west coast spots, to $1,471 per 40ft, in reaction to blank sailing announcements from carriers that must shore up the market ahead of the critical peak season.
Rates ...
Comment on this article