Ocean Freight Rates Remain at High Levels, Hitting Carrier Profits

In the midst of the peak season for ocean freight, container freight rates are down slightly this week, though higher than this time last year. The World Container Index (WCI) assessed by Drewry—a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia—was down 0.3% to $1,753.96 per…