- Spot rates soar as shipping resumes, but carriers are warned not to take advantage.
- The FMC has been monitoring the blanked sailings on the route and discussing with ocean carriers the levels of service and resumption of normal trade.
- US retailers are beginning to run low on imported goods.
- Shanghai Containerized Freight Index soared 18.3% last week to the US west coast, to $1,610 per 40ft, and jumped 8.7% for east coast ports to $2,912 per 40ft.
As the supply chain begins to ease in China,...
http://mfame.guru/do-not-hike-freight-rates-unfairly-warns-fmc/