Trans-Pacific spot rates slip as weak demand offsets capacity cuts

Trans-Pacific spot rates slip as weak demand offsets capacity cuts
Trans-Pacific capacity is down 2.7 percent year-over-year in August, but that was not enough to stop spot rates from falling in the first two weeks of the month.Trans-Pacific spot rates slipped again this week as weak demand and overcapacity keep them under downward pressure.
The rate for shipping a 40-foot-equivalent unit…
Trans-Pacific spot rates slip as weak demand offsets capacity cuts
Journal of Commerce