Why this matters to buyers
Buyers importing goods from Asia to the US face significantly higher transportation costs. The sustained high rates, despite a slight softening, will continue to pressure overall landed costs and potentially affect product pricing and margins.
Recommended buyer actions
- Review and adjust landed cost calculations for US-bound shipments from Asia.
- Consider negotiating long-term freight contracts to lock in rates if possible.
- Evaluate alternative shipping routes or modes where feasible.
Original source context
Far East shipping spot rates are softening slightly but remain high; declines are gradual and expected to continue in August. The post War sends Asia-US ocean rates soaring 234% since February appeared first on FreightWaves.
Read the original report · FreightWaves