Spot container freight rates for shipments from China to Los Angeles and New York showed a significant decline of 87% and 81% respectively on a year-over-year basis between March 2022 and 2023. These reductions have pushed container spot rates below pre-pandemic levels, disappointing container shipping lines that have been bolstering their financial reserves since 2020 […]
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Source: shippingandfreightresource.com
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