Constraints Are Setting Freight Prices, and They Will Unwind Unevenly

Drewry's Shanghai–New York rate has risen 25% in three weeks to $9,507 per container, yet Los Angeles took in 8% fewer loaded imports in July than a year earlier, and U.S. truckload spot rates are up by nearly half on lower volume. Blanked sailings, typhoon congestion, Panama Canal draft cuts...