| Asia-Europe Spot Container Rates Jump |
Average spot rates on the westbound Asia-Europe trade spiked 19 percent on May 3, an increase of $629 per 40-foot container, which means that carriers got most of the general rate increases they implemented on May 1. |
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| FMC Chairman Seeks NVO Reform |
Federal Maritime Commission Chairman Richard Lidinsky Jr. said he hopes the FMC can move quickly on a “top-to-bottom” modernization of rules covering non-vessel-operating common carriers. |
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| Asia-Europe Spot Rates Skyrocket 88 Percent |
A key Asia-Europe freight index has soared 88 percent in the past week, boosting carriers’ hopes steep rate hikes introduced Thursday will stick even as cargo growth slows on the world’s biggest trade lane. |
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