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This Week in Logistics News (February 12 – 18)

Logistics Viewpoints

What Berglund is referring to is the advantage that shipping lines hold for negotiations with cargo shippers for 2022 and beyond. Xeneta currently puts the Asia-West Coast spot rate at just under $10,000 per FEU, with some cargoes paying additional priority shipment fees of $1,400-$7,500. By October, it was up to $6,000-$6,500 per FEU.

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Hanjin, Hurricanes, Harvests May Boost Truckload Rates

DAT Solutions

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. That means higher volumes, and likely higher freight rates, just when weather starts to turn ugly.

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