Long-term box rates begin to follow the trend set by the spot market

Long-term box freight rates continue to climb but are finally showing signs of coming under pressure.

Data from online platform Xeneta shows that long-term rates increased 4.1% in August, standing 121.2% higher than this time last year.

“[D]espite softening spot rates, uneven demand and on-going supply chain issues, the world’s leading carriers remain on course for another bumper year of profits,” an update today from Oslo-based Xeneta stated.

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