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Here’s When Experts Expect Port Congestion to Ease

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

The Freightos Baltic Global Container Index (FBX) climbed 6 percent in February to another FBX-high of $4,295 per 40-foot container or equivalent unit (FEU), a 223 percent annual increase, driven mostly by still-surging volumes from Asia to the U.S. West Coast, according to Judah Levine, research lead at the online freight marketplace. “The sustained surge…

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