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To the relief of beneficial cargo owners (BCOs), supply chain costs have been in retreat.
According to Freightos, container rates from Asia to the US west coast have dropped to a level last seen in October 2018, while transpacific air cargo pricing has declined 32% since August, and is about now half the rates seen a year earlier.
In the trucking market, spot rates have come down more than 20%.
However, the US warehousing sector seems to be immune to the slowdown in ...
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