Spot truckload rates dropped seasonally from week to week in July, but they remain elevated, with the highest rates and shipper spending on the West Coast, data shows.
The US-based carrier said momentum in the trans-Pacific market was strong during the second quarter and expects the trend to continue until October.
An influx of additional cargo volumes as carriers seek to avoid hostilities in the Persian Gulf has gridlocked Saudi Arabia’s port of Jeddah, a critical gateway on the Red Sea.
