Drought Begins to Impact Freight Rates

Drought Begins to Impact Freight Rates

Drought Begins to Impact Freight Rates

Ocean freight rates from Asia to the U.S. West Coast, which have been declining, edged up toward the end of May.  Prices are still 11 percent lower than a month ago, according to cargo marketplace Freightos. Rates for the other ex-Asia lanes were stable and transatlantic prices dipped another 4 percent. With many long term…

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