Asia-Europe rate push fails ahead of capacity cuts

July 5, 2019 Jul 05, 2019 12:43PM EDT

[caption caption="Carriers are battling to lift rates on Asia-Europe, despite announcing significant capacity withdrawals. Photo credit: Shutterstock.com."][/caption]Asia-Europe rate increases by carriers have failed to lift the market despite announcements that a large amount of capacity will be removed from service through July and August.Freight-all-kinds (FAK) increases from July 1 of...

Previous Article
US ports running smoothly ahead of expected ‘normal’ peak
US ports running smoothly ahead of expected ‘normal’ peak

[caption caption="The average truck turn time in Los Angeles-Long Beach in May was 84 minutes, down from 90...

Next Article
BCOs seek short-term chassis relief as overhauls stall
BCOs seek short-term chassis relief as overhauls stall

[caption caption="There are no solutions to the chronic chassis shortages in the US since ocean carriers, p...