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Hanjin, Hurricanes, Harvests May Boost Truckload Rates

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The ocean freight industry suddenly lost one of the top ten players when Hanjin Shipping Co. Hanjin's exit strands 89 ships worldwide containing some $14 billion worth of cargo, much of which was headed to the U.S. Missed schedules could keep rates high well into November, when the holiday freight season would ordinarily start to wind down. That means higher volumes, and likely higher freight rates, just when weather starts to turn ugly. Freight Rates

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