Finally, a bit of good news — or at least, less-bad news — for beleaguered U.S. importers. The latest data shows a moderate retreat in the year-on-year increase in long-term contract rates.
Norway-based Xeneta collects long-term contract rate data, using millions of inputs per month from shippers and non-vessel-operating common carriers (NVOCCs).
“Now, you can see a few minuses,” said Xeneta CEO Patrik Berglund during a market update on Tuesday, referring to contract-rate evolution in some trade...
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