Clogged US warehouses accelerate decline in trans-Pac spot rates

Even with the recent sharp decline in spot rates, they are still more than twice what they were two years ago when imports from Asia began to surge after initial COVID-19 lockdowns in the US were lifted.

Even with the recent sharp decline in spot rates, they are still more than twice what they were two years ago when imports from Asia began to surge after initial COVID-19 lockdowns in the US were lifted.