Ocean Freight Rates are Dropping significantly
2022-10-09 10:15
With the drop of consumer demand, we can feel the ocean freigth rate is dropping every day, good news for the USA consumers since they don't need to pay such high price for the goods.
-
U.S. shippers are seeing a 20% drop in ocean freight orders.
-
The declines include machinery, household products, industrial products and some apparel.
-
Ocean carriers are canceling as much as 50% of sailings to rebalance vessel capacity to demand.
-
Freight prices on one key route from Asia to the West Coast are now down more than 80% from last year.
