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Ocean Freight Sees Five-Day Delays Amid Strengthening Q3 Global Trade

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

While freight rates on major East-to-West ocean shipping routes have climbed higher through the second and third quarters, carrier service levels and on-time arrivals of container ships have plummeted amid increasing demand to close the holiday season. Through the end of the third quarter, on-time carrier reliability was below 50 percent on shipments from Asia…

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