Rates still in decline, but optimistic carriers look for an August spike

Container spot freight rates on the transpacific and Asia-Europe trades saw another week of single-digit declines, in the absence of carrier-led price hikes. But, on the contrary, it appears that despite relatively tight capacity, carrier discounting on Asia-Europe and transpacific tradelanes was largely the cause of this week’s weakness. Drewry’s World Container Index (WCI), saw the spot rate on Read full article →