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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.
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