Carriers pull back on trans-Pac rate hikes after Chinese ministry comments

September 15, 2020 Sep 15, 2020 5:41PM EDT

[caption caption="Spot rates in the eastbound trans-Pacific have increased week after week since late June when US imports from Asia began to surge. Photo credit: Shutterstock.com."][/caption]Cosco Shipping and OOCL have suspended planned Sept. 15 general rate increases (GRIs) on the eastbound trans-Pacific trade while other major container lines are pushing...

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