Ocean Shipping Rates Sink as Importers Balk at Trade Upheaval
A 68% decline in shipping costs shows how retailers and manufacturers are pulling back on orders earlier than usual this year
Ocean shipping rates from China to the U.S. West Coast have fallen 68% from their June high, a sign this year's peak shipping season was earlier and shorter than usual.
The rate slide also signals that some U.S. retailers and manufacturers are taking a cautious approach to new orders ahead of the year's busy fall and winter shopping periods amid tariff uncertainties, shifting...
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