Freight Rates Climb as China Remains Open During New Year
China- U.S. ocean rates are climbing as China’s manufacturing stays open over the Lunar New Year holiday. Rates to the U.S. West Coast increased 6 percent and are up 22 percent since the end of the year, according to freight marketplace Freightos. Asia-North Europe climbed 6 percent to a new high of $8,455/FEU. Air cargo…