Subscribe to RSS feedBox lines face unthinkable as rates head back towards zero
by
Janet Porter, London
—
last modified
Jun 19, 2009 03:34 PM
CONTAINER lines have just a few weeks to reverse the slide in Asia-Europe freight rates or risk going out of business.
Desperate efforts are now underway to raise westbound rates from Asia after April’s modest success proved short lived, pushing rates towards zero again.
Initial gains of around US$150 per 20 ft container achieved in the spring have since been...
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