Rising prices and front-loading depress LatAm-to-N America trade

Ocean spot rates from South America to North America have climbed, led by a surge in pricing from Brazil to the US, where rates for 40ft containers jumped 50%, to $3,000 last month. The increase is not a reflection of strong trade growth, though. Observers have attributed it chiefly to factors that point in the opposite direction – the impact of higher fuel prices, front-loading to beat looming US Read full article →