Carriers moved too slowly at outset to stem trans-Pac spot rate collapse
2022-10-13 05:29

Carriers moved too slowly at outset to stem trans-Pac spot rate collapse

"How to make sense of the head-spinning collapse in trans-Pacific West Coast spot rates to levels no one in 2021 or even until very recently thought would ever be seen again? It’s a story of carriers reacting too slowly to the rapid unwinding of an historically tight market that had attracted significant capacity given surging demand to offset capacity idled by port congestion." See the original story at JOC.

Source: JOC