Posted on May 24, 2024

Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells

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"An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher."

Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells

Posted from cnbc.com

Posted in these groups: Supply chain in military context

Supply Chain Management 808ae6a8

International Trade

Posted 6 mo ago

Responses: 1

MSG Stan Hutchison

Posted 6 mo ago

Many folks do not realize that issues like this are part of the inflation factor around the world. It is just easier to blame it all on Biden.

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Comment

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PO1 William "Chip" Nagel

6 mo

MSG Stan Hutchison Nailed It!

(2)

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Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells

Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells

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