Ocean and Air Cargo Rates From Asia to US Remain High

August 18, 2020

With demand for ocean and air cargo space increasing rates remain high and are likely to climb further in the coming weeks and months. Recent data shows the rate for 40’ ocean containers from Asian ports to US ports running about 40% higher than they were just a few months ago. Air cargo rates are running over 70% higher than they were from Asia to the US in 2019.

Importers would be wise to work closely with their freight forwarder partners to ensure they know the rates and rate direction when planning upcoming shipments. The turbulent ride of 2020 continues.

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