Spot rates in the trans-Pacific ocean trade continue to reach epic new heights, leading to talk of price gouging.
“Container lines have done well during the global pandemic, but are they profiteering from the crisis?” asked U.K.-based consultancy Drewry.
“Perversely, lines look set to make more money than they have in a long time,” it continued. The practice of “blanking” (canceling) sailings “has paid off handsomely.”
“From a public-relations perspective, the optics of making big profits during a...