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Container lines expect the surge in U.S. imports to ease as a second COVID-19 wave weighs on consumer demand. Freight rates from Asia to the U.S. have reached record highs above $4,500 per FEU, and ports face congestion.
Record container freight costs and port logjams raise logistics costs for U.S. importers. If the import boom fades as expected, container rates should ease, though that does not directly move feed commodity prices.
marinelink.comJonathan Saul, Lisa BaertleinOct 26, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
