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The Panama Canal extended its temporary relief measures, including suspended advance payments on transit reservation fees, through December 31, 2020, instead of the original September 1 end date. The canal said container traffic is recovering while transits climbed from 845 in June to 933 in July.
Extended customer relief supports steady container and bulk routing through the canal, which keeps ocean freight costs for US-Asia grain and feed flows from tightening further.
airfreight.newsAug 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.
