CARM: What all importers need to know about CARM

Route Article

Transpacific cargo rates soar as capacity shrinks

     Container ships in harbour

Widespread vessel rollovers (sailing cancellations), tightened space availability and higher rates are now the norm on the Asia/North America trade lane.  Some shippers are willingly paying a premium to get space before costs are spiked by another round of U.S. tariffs on Chinese exports.

Although some industry experts are forecasting the capacity crunch (and resulting price pressure) to ease after the October “Golden Week” holiday, it remains to be seen if this will actually happen.

For more information, contact Debbie McGuire, Manager – Freight Solutions.

Quick Tip #49
Know the risk and responsibility assumed when booking direct with carriers

If you are not careful, the money you save in one area may be exceeded by the extra costs you incur in another area.

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