The Passive Times

Demand Recovery Drives up Freight Rates

Demand Recovery Drives up Freight Rates

Manufacturing and component indexes saw improvement in July, and demand is driving international freight rates higher. For industries seeking signs of recovery, these are positive — albeit limited — signals. At the same time, China’s economy has most of its trading partners worried. August General Rate Increases (GRI) pushed ex-Asia ocean freight rates up sharply…

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