Shipping disruption sees ‘rate increase fire’ spread from spots to contracts

From one week to the next, it has been more of the same: transpacific rates on the climb; but with the cost of shipping into Europe showing an even more precipitous drop than last week, there are major question marks over the latest carrier plans to induce price hikes this week. Beginning with the good news for the shipping lines, the amount they can charge from Asia into both US coasts ... The po Read full article →