Rising consumption before and after China’s Labour Day holiday, the Canadian railroad strike and concerns relating to the labour-management conflict at US ports are contributing to the ongoing spike in freight rates, according to a report released by Korea Ocean Business Corporation (KOBC).
The report stated that besides the oft-cited Red Sea crisis and the resulting shortage of vessels and containers, other factors have also accounted for the surge in freight rates.
“During the Labour Day...
https://container-news.com/higher-consumption-in-china-us-contributed-to-rate-spike/