Higher Freight Rates in Ocean and Air Markets Persist for Now
![Higher Freight Rates in Ocean and Air Markets Persist for Now](https://mohawkglobal.com/wp-content/uploads/2020/04/Higher-Rates-MGL.png)
It has been a challenging peak season this year with spiking freight rates and space shortages in trans-Pacific trade. We may still have a way to go before we see much of a downturn. Major drivers are: Heavy rationalization of ocean carriers yields fewer owner representatives in trans-Pacific trade (roughly 3 owners per alliance now)…
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