Spiking freight rates have surged by 25% on the Asia to North Europe and the Mediterranean over the last week and now stand at triple the levels seen at the end of October according to the Freightos Baltic Index (FBX).
Meanwhile, on the Pacific freight rates dipped 7% to the US West Coast and 8% to East Coast ports, over the past week according to Freightos CMO Ethan Buchman. Rate levels were still more than double the levels of a year ago.
Regulators in China and the US have worked to keep a lid...
https://container-news.com/spot-rates-hit-unprecedented-highs-from-asia-to-europe/