Reported about 7 hours ago
Recent trade agreements between the U.S. and China have temporarily eased some tariffs and port fees affecting ocean freight, but ongoing uncertainties hinder a significant rebound in trans-Pacific shipping. Despite slight increases in rates for eastbound trade, overall demand remains weak, exacerbated by high tariffs and importers diversifying sourcing away from China. Experts predict that stability may improve over the next year, although shipping volumes may still fluctuate as the market adjusts to ongoing regulatory pressures.
Source: YAHOO