Spot rates from North Asia to Brazil are pushing near two-year highs after blanks on the trade lane last month jumped to their highest in at least three years.
Demand is projected to expand between 3.5% and 5% a year over the next decade, outstripping the supply of air cargo capacity that is forecast to grow by just 1% a year.
The port is giving financial awards to early purchasers of EV trucks as it works toward its goal of being the “world’s first carbon-free port,” CEO Noel Hacegaba said.
