There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season.
Ocean carriers are reinjecting significant new tonnage between Asia and the east coast of South America after pulling ships away to serve an early Asia-Europe peak season.
Spot prices have more than doubled on Asia–Mediterranean routes and almost tripled from Asia to North Europe since the beginning of May.
