Category Archives: Economy

Ocean Freight Rates Hit Historic Lows as Consumer Demand Slumps

Ocean Freight Rates Hit Historic Lows as Consumer Demand Slumps

Dismal Freight Rates Worry Ship Operators Container shipping rates, which were once at pandemic-induced highs, have experienced a precipitous drop, casting a shadow over ocean freight carriers during the peak season. In September, daily Freight Rates for moving cargo from Asia to the U.S. and Europe tumbled by up to 90% compared to early 2022, […]