Xeneta: Higher Long-Term Container Rates Will Help Carriers to Huge Profits in 2022

The container market may be softening, but long-term freight rates are still through the roof. A new report released Wednesday by ocean freight benchmarking company Xeneta showed long-term ocean freight rates climbed again in August, rising 4.1% month-on-month to stand 121.2% higher than the same time last year. Xeneta said this demonstrates that uneven demand […]