Freight rates on some routes up over 50% since late April amid tight supply

AI Summary

Freight rates on China to North America shipping routes have surged over 50% since late April due to increased demand from U.S. importers ramping up inventory replenishment and tightened global shipping capacity. Capacity constraints and space shortages on US-bound routes persist through June bookings.

Freight rates on China-North America shipping routes have risen sharply in recent weeks as importers from the United States stepped up inventory replenishment and global shipping capacity tightened, said freight forwarders and industry analysts. They said space on US-bound routes has remained in short supply, with most capacity already booked through June. Freight rates on ...