In the space of just two weeks, transpacific spot rates have lost 40% of their value.
Thanks!
We will contact you.
Container spot freight rates on the transpacific trades continued their headlong descent this week, after another 20% was wiped off Asia-US west coast prices and 13% off Asia-US east coast.
In the space of just two weeks, transpacific spot rates have lost 40% of their value.
The regulatory crisis in global trade and the era of trade wars and the Western sanctions against China and Russia that have unfolded in recent years have hastened already-rapid growth in bilateral trade between the states.
COVID-19 will likely affect trade more profoundly than any other recent crisis. The extent of the disruption will vary by commodity, trade lane, and mode of transport, and it will be steered by local differences in the crisis’s severity