Spot rates surge again as carriers push through fresh July hikes

AI Summary

Container freight spot rates surged again in July after carriers imposed new price hikes on transpacific and Asia-Europe routes beginning 15 June. This resulted in another week of double-digit increases impacting global shipping costs.

A series of container freight spot rate hikes and general rate increases implemented on 15 June prompted another week of double-digit price rises on the transpacific and Asia-Europe trades. The post Spot rates surge again as carriers push through fresh July hikes appeared first on The Loadstar.