Are Ocean Freight Prices Absolutely Broken?
The Logistics & Supply Chain Management Society
FEBRUARY 15, 2021
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? It starts back in 2008.
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