Ocean freight rates stabilized the last week in October after a long span of declining prices. While manufacturing businesses are getting a break, lower cargo prices also mean product demand is declining, according to freight marketplace Freightos. The U.S. manufacturing index (PMI) in September neared contraction territory. Inflation is curbing some consumer demand and some…
The post Freight Carriers Respond to Declining Demand appeared first on EPS News.
Read More
EPS News
