Surging freight rates push up import prices while shippers book profits

Surging freight rates push up import prices while shippers book profits

Rising freight rates are threatening to push up global import prices by 11% by 2023, according to a UN report, as shipping lines post record profits for the third quarter. High freight prices, if sustained, will have a knock-on effect on import and consumer price levels, according to research by the United Nations Conference on ...

The post Surging freight rates push up import prices while shippers book profits appeared first on Global Trade Review (GTR).

Rising freight rates are threatening to push up global import prices by 11% by 2023, according to a UN report, as shipping lines post record profits for the third quarter. High freight prices, if sustained, will have a knock-on effect on import and consumer price levels, according to research by the United Nations Conference on ...