FreightWaves SONAR: Carrier Cuts Send Trans-Pacific Rates Into Orbit

Written by Greg Miller, Senior Editor, FreightWaves

This will raise eyebrows no matter how innocently it arose: Carriers intentionally cut trans-Pacific sailings to align capacity with virus-stricken demand, but demand turned out to be higher than expected. Spot rates skyrocketed and some analysts now predict rates could fuel big profits for carriers in a year when U.S. importers face a pandemic-induced recession.

This content is for paid subscribers only.
Login Join Now
Tags: , , ,