Port Congestion and Rising Freight Rates Cannot Be resolved in the Short Term

As shippers` demand is still at a high level, the entire supply chain is experiencing bottlenecks, port infrastructure is tight, and inland transportation is approaching the overload level, and shippers have almost no signs of relief in the short term.

The latest data from Xeneta shows that the real-time freight rates of major shipping companies stabilized in August, but they continue to predict that increased port congestion and relentless demand before year-end holiday sales will continue to drive the market in the coming weeks.