The transpacific drive latches on to a USD 100 recovery in Composite rates

A string of General Rate Increases (GRI) for Freight All kinds (FAK), the added effect of the Canadian port strikes and cutting down of capacities have been playing into the China- US rates. The latest weekly action saw the Shanghai- Los Angeles rates (China- US West Coast) sear past USD 2,000 mark, to end at …

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