Disciplined capacity management by carriers keeps freight rates in line

Continued discipline over capacity management by container lines managed to keep freight rates from tumbling this week as increased levels of factory production in China began to be offset by coronavirus crisis that has gripped Europe and North America.
Last week’s double-digit gain on the transpacific headhaul route from China to the US west coast on the SCFI was reversed this week, with its Shanghai-USWC rate dipping 3.8% to $1,549 per feu.
Similarly, …

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Source: The Loadstar

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