Shippers face rate hikes and ‘a classic supply-demand mismatch’ in Q4

AI Summary

Shippers on transpacific trade routes face container spot rate hikes heading into Q4 due to a supply-demand mismatch. Rate pressures come despite the beginning of China’s Golden Week holiday, which typically slows trade volumes.

With the last sailings before China’s Golden Week begins on 1 October, container spot rates on the transpacific trades finally began to tail off. The post Shippers face rate hikes and ‘a classic supply-demand mismatch’ in Q4 appeared first on The Loadstar.