Transpacific Shipping Rates Hit Lows Sparking Buyer Interest

Transpacific Shipping Rates Hit Lows Sparking Buyer Interest

Freight rates on the US West Coast route have plummeted nearly 60% due to a confluence of factors including overstocked inventories by European and American shippers, weak demand due to inflation, and easing port congestion. Experts predict further rate declines, although a return to pre-pandemic levels is unlikely. Shippers should monitor market trends and optimize shipping schedules. Shipping companies need to adjust capacity and improve operational efficiency to navigate market volatility.

Freight Forwarding Guide Helps Shippers Avoid Common Pitfalls

Freight Forwarding Guide Helps Shippers Avoid Common Pitfalls

This article interprets common concepts in the freight forwarding field, such as 'cut-off time,' 'container release,' and 'customs declaration.' It also explains practical issues like customs declaration form completion, door-to-door transportation, and pre-entry port procedures. The aim is to help foreign trade professionals clarify their understanding and avoid unnecessary problems in these areas.