Subscribe to RSS feedGlimmer of hope as rates on key routes start to rise
by
Janet Porter, London
—
last modified
Aug 20, 2009 03:52 PM
FREIGHT rates are finally heading in an upwards direction on the world’s two biggest trade routes as container lines keep capacity under tight control.
Spot rates for cargo moving eastbound across the Pacific have risen sharply over the past week, while recent modest gains in the Asia-Europe trades are holding.
Increases in the Asia-US trades will bring little immediate relief to container lines...
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