Due to the rapid change of events affecting our industry, we will release weekly rate updates on various trades.
Q4 tender season is approaching fast. This week we analyze YoY ocean freight rate development. It's vital to keep an eye on both spot and contract rates because most trades continue to increase.
Far East - US West +187%
Far East - South America East Coast +98%
North EU - South America East Coast -11%
Watch the 5 minute video below 👇 for MORE.
YoY Market Rate Development | Week of September 18, 2020
Need leverage during internal transportation budget discussions? Learn how real-time market data can help HERE.