![ONLINE SHOPPING SHEIN AMAZON EBAY iStock-Robert Way-1499148111.jpg A HAND HOVERS OVER A SMARTPHONE SCREEN BEARING LOGOS OF ONLINE SHOPPING SERVICES, INCLUDING SHEIN, AMAZON AND EBAY.](https://www.supplychainbrain.com/ext/resources/2024/04/29/ONLINE-SHOPPING-SHEIN-AMAZON-EBAY-iStock-Robert-Way-1499148111.jpg?height=100&t=1714396546&width=150)
Visit Our Sponsors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ocean container rates on the trans-Pacific trade lane have begun to fall after rising steadily for months to a five-year-average high of $2,980 in July, according to Drewry Shipping Consultants and other transportation experts.
Rates stayed higher than expected through mid-summer as shipping demand remained strong, but the addition of new capacity to container fleets on the Asia/U.S., Asia/Europe and other routes is expected to lead to further rate declines in the third and fourth quarter, Drewry said in its bi-monthly container market report in early September. Rates are already falling in the Asia/Middle East, Asia/South America and Asia/Africa lanes as well as the trans-Pacific.
Read Full Article
RELATED CONTENT
RELATED VIDEOS
Timely, incisive articles delivered directly to your inbox.